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RUSSIA’S OIL REVENUES DOUBLED IN APRIL COMPARED TO A YEAR EARLIER.
In April 2024, Russia's oil revenues doubled compared to the same month a year earlier, reaching $11.5 billion. This increase was driven by higher oil prices and a weaker ruble.
- 2 years, 3 months
U.S. GAS STOVES CONTRIBUTE TO 19,000 DEATHS A YEAR.
Scientists are exploring methods to reduce pollution from gas stoves at home, a new frontier after decades of cleanup in automotive, factory, and power plant sectors. Cooking with gas releases nitrogen dioxide, linked to asthma and respiratory diseases.
- 2 years, 3 months
G7 NATIONS COMMIT TO COAL PHASEOUT BY 2035, BUT CHALLENGES REMAIN.
The United States, the UK, Italy, France, Japan, Germany, and Canada have reached an agreement this week to phase out coal for power generation by 2035. This move has received mixed reactions, with some praising the decision while others, like Greenpeace, deem it insufficient.
- 2 years, 3 months
UAE QUIETLY BOOSTS OIL PRODUCTION CAPACITY AHEAD OF OPEC MEETING.
ADNOC has quietly increased its oil production capacity to 4.85 million barrels per day (bpd), up from the previously reported 4.65 million bpd. The United Arab Emirates state-owned oil company aims to further raise this capacity to 5 million bpd by 2027, a target set years ago.
- 2 years, 3 months
DEVELOPING NATIONS LOOK TO BALANCE OIL AND GAS OPPORTUNITY WITH CLIMATE CONCERNS.
The International Energy Agency (IEA) recommends keeping new oil discoveries in the ground to achieve global climate goals. African and Caribbean nations are under pressure to choose between economic growth and climate action.
- 2 years, 3 months
ARAMCO LEADS OIL INDUSTRY INVESTMENT IN AI.
Global Data has reported that Aramco, a leading oil company, is the largest investor in artificial intelligence (AI) in the oil industry, having spent $3.5 billion on research and development last year.
- 2 years, 3 months
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