Tag Archives: CNBC

The head of the International Monetary Fund on Sunday underlined the case for carbon pricing at the COP28 climate summit, saying that the oil and gas industry recognizes “the writing on the wall.” A long-time proponent of carbon pricing, IMF Managing Director Kristalina Georgieva said this approach creates an incentive …

The Intergovernmental Panel on Climate Change has said the world must cut carbon emissions to reach net zero by 2050 in order to limit global warming to 1.5 degrees Celsuis.

The Covid-19 virus will reduce China'.s first-quarter oil demand by just 160.000 barrels a day from last month'.s estimate.

Some traders expect the agreed cuts of 1.2 million barrels a day to be increased.

Hydroelectricity was the predominant global renewable electricity generation source in 2018.

The IEA said tensions in the Persian Gulf. where some oil tankers have been attacked. have heightened concerns.

The Americans have not achieved any success against Iran.

In recent months. the Saudis increased production by more than 1 million barrels per day.

The Saudis are working hard on the cut. But if Russia says no cut. then OPEC won'.t cut.

The assurance on sustainable stability was necessary in the wake of emerging uncertainties in world energy demand.