Tag - oil

 
 

OIL

Chinese President Xi Jinping and Arab leaders pose for a group photo during the China-Arab summit in Riyadh on Dec. 9.
WORLD / Politics
Oct 12, 2023
China’s economic stake in the Middle East: Its thirst for oil
China, the world’s second-largest economy, has become addicted to foreign oil at a stunning pace.
Prince Abdulaziz bin Salman
WORLD
Oct 8, 2023
Saudi Arabia seeks to study small nuclear reactor technology
The kingdom is "a late-comer” to nuclear power and aims to study all types and applications of atomic generation, the Saudi energy minister said.
Peak of fossil fuel consumption may be approaching, but the post-peak period may not lead to a rapid decline, which could impact global efforts to combat climate change.
COMMENTARY
Oct 8, 2023
With fossil fuels, ‘peak demand’ isn’t what it sounds like
Peak fossil-fuel consumption will be a cause for celebration. But we should remain skeptical it’s as near as the IEA has said, especially for gas.
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023
Exxon Mobil's megadeal to test climate-aware shareholders
Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
A TotalEnergies tanker truck with sustainable aviation fuel at the 54th International Paris Airshow near Paris on June 19
ENVIRONMENT / Sustainability
Oct 3, 2023
Too expensive, too scarce: Doubts grow over green aviation fuel
Generating the required quantities of alternative fuel would require huge areas of land and natural resources.
A harvest at a palm oil plantation in Khammam, India, in 2022
BUSINESS
Oct 1, 2023
Aging trees show a crisis looms for the world’s everything oil
Malaysia and Indonesia provide 85% the world's most versatile edible oil — but their trees are growing old, and replacing them is expensive.
The two tankers Turba (right) and Simba side by side during secretive maneuvers off the coast in the Laconian Gulf on Sept. 19
WORLD
Sep 29, 2023
Fake coordinates and tanker tricks expose shadowy Russian oil trade
Estimates vary, but at least half of Russia’s oil is thought to flow out through shadow-fleet tankers.
U.S. President Joe Biden at an event in Tempe, Arizona, on Thursday
WORLD / Politics
Sep 29, 2023
Biden said he would stop drilling. Then reality hit.
The tug of war over one drilling lease in the Gulf of Mexico involving the president, Congress and the courts illustrates the limits of executive power.
Shell CEO Wael Sawan attends the China Development Forum 2023 in Beijing on March 25. At an investor day in June, Sawan outlined plans to slow investment in renewables and low-carbon business as part of a strategy to boost returns.
BUSINESS / Companies
Sep 28, 2023
Shell CEO faces pressure from within over renewables commitment
Employees have issued a rare open letter to Wael Sawan after he outlined plans to slow investment in renewables in a strategy to boost returns.
Japanese cargo ship Wakashio is seen broken into two off the coast of Mauritius on Aug. 15, 2020.
JAPAN
Sep 28, 2023
Search for cell signal caused Japan ship's 2020 oil spill: report
The board also said that COVID-19 travel restrictions and border closures may have slowed containment efforts after the massive spill.
People walk on the bank of the frozen Spree river in Berlin in 2021.
WORLD / Politics
Sep 27, 2023
EU forecasts a more comfortable winter ahead without Russian gas
Before Russia's invasion of Ukraine, the Nord Stream 1 pipeline had accounted for 15% of Europe's gas imports in 2021.
Oil pump jacks in Tatarstan, Russia, on June 4
BUSINESS / Companies
Sep 21, 2023
Oil companies cautious about drilling as energy transition looms
Instead of spending big to boost output, oil companies are boosting dividends or buying back shares to reward investors.
California Gov. Gavin Newsom has described the climate crisis as a fossil fuel crisis.
WORLD / Politics
Sep 18, 2023
California files lawsuit against energy firms over climate crisis
The move follows the world’s hottest summer on record, in which the state grappled with wildfires, blistering heat, drought, severe storms and flooding.
The sudden resignation of BP CEO Bernard Looney may mark a crossroads clean energy, as Looney was seen as pushing for a transition more aggressively than his industry peers.
BUSINESS / Companies
Sep 13, 2023
BP chief’s surprise exit leaves questions over green strategy
BP said Tuesday that the 53-year-old CEO was departing after failing to fully disclose to the company board past relationships with colleagues.
Part of the Trans Alaska Pipeline System near Delta Junction, Alaska, on May 5
WORLD / Politics
Sep 7, 2023
Biden to cancel oil field leases in Arctic reserve sold by Trump
Territory in northern Alaska long prized for its oil and gas potential, but also as home to waterfowl, caribou, polar bears and other wildlife.
Exxon Mobil projects the world will reach 25 billion metric tons of energy related carbon dioxide emissions in 2050.
ENVIRONMENT / Climate change
Aug 29, 2023
Exxon says world set to fail global warming cap by 2050
The largest U.S. oil producer projects the world will reach 25 billion metric tons of energy related carbon dioxide emissions in 2050.
A Saudi Aramco oil tank at the Ras Tanura refinery and terminal in Saudi Arabia
BUSINESS / Companies
Aug 27, 2023
U.N. experts challenge Saudi Aramco over climate change
The largely state-owned enterprise plans to ramp up national oil production capacity to 13 million barrels per day by 2027.
Roofers sport hats to take cover from the sun during a heat wave in Eagle Pass, Texas, late last month.
WORLD
Aug 24, 2023
Heat wave led to huge release of methane from fossil fuel plants
Imagery shows operators in the largest U.S. energy basin released hundreds of tons of gas into the air as crucial equipment was forced to shut down.
Gasoline prices are projected to continue rising through next week on the ramping down of subsidies and a weak yen.
BUSINESS
Aug 23, 2023
Gas prices at 15-year high as Japan government mulls subsidies
The average price for regular gasoline stood at ¥183.70 ($1.26) per liter as of Monday, advancing ¥1.80 from a week earlier.
Prime Minister Fumio Kishida shakes hands with Gulf Cooperation Council Secretary-General Jasem al-Budaiwi before their talks in Jeddah, Saudi Arabia, on July 16.
JAPAN / Politics
Aug 21, 2023
Japan eyes foreign ministers meeting with six Gulf nations
The move comes as Japan aims to strengthen relations with oil-producing countries in the Middle East to ensure a stable energy supply.

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'