Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Category: International Energy Agency
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
The New York Times – Business: -
Hydropower Is Getting Less Reliable as the World Needs More Energy
Demand for power is growing fast, but hydro plants, the oldest source of clean energy, are struggling because of droughts, floods and other extreme weather linked to climate change.
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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Plan to Stash Pollution Beneath the Sea Could Save Money and Jobs
The Italian energy giant Eni sees future profits from collecting carbon dioxide and pumping it into natural gas fields that have been exhausted.
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Tesla Drivers in Chicago Confront a Harsh Foe: Cold Weather
In freezing temperatures, the batteries of electric vehicles can be less efficient and have shorter range, a lesson many Tesla drivers in Chicago learned this week.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Global Oil Demand Is Set to Slow
The International Energy Agency said oil consumption will hit a peak in a few years, with shrinking gasoline use after 2026.
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OPEC Plus May Consider Cuts in Oil Production
The group of major oil producers and Russia will meet this weekend to discuss a swoon in oil prices.