Tag Archives: United States of America

US Launches Green Transition Scheme for Global South

The United States launched Wednesday a partnership with private funds aimed at supporting the transition to renewable energy in developing nations, based on a carbon credit system criticised by climate activists. The government scheme, launched at the COP27 climate conference in Egypt along with the Bezos Earth Fund and Rockefeller …

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U.S. Solar Capacity has Grown 28,500% since 2008

The U.S. has plans to expand its solar energy market exponentially in support of its optimistic climate change policies. The country has already established several widescale solar projects, and with the introduction of the recent Inflation Reduction Act (IRA), renewable energy companies are being provided with the funding and tax …

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EIA: U.S. Imported +4.5 Million bpd in October

U.S. imports of crude oil from Iraq averaged 148 thousand barrels per day (bpd) in October, the Energy Information Administration (EIA) said. According to EIA’s monthly report, October imports from Iraq reached 4.588 million bpd (daily average 148 bpd). Iraq oil exports to the U.S. averaged 109 thousand bpd in …

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Oil Rises on Drop in US Crude Inventories, Weaker Dollar

Oil prices rose more than 1% on Wednesday after industry data showed a surprise drop in US crude inventories, suggesting demand is holding up despite steep interest-rate hikes dampening global growth. Brent crude futures rose $1.13, or 1.2%, to $95.78 a barrel at 4.41am GMT, while US West Texas Intermediate …

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