Legislative developments that would be supportive of increased recycling give participants in the European recycling market reason for positivity in the long term, although concern about the short-term outlook sat heavily over the recent Plastics Recycling Show Europe (PRSE) conference and trade show
A decline in oil prices squeezed profit margins at China's large oil & gas companies. Sinopec, for Q1 2023, reported an 11.8% drop in first-quarter net profit. CNOOC’s net profit fell by 6.4% year-over-year
Last week, a potentially consequential meeting in New Delhi went conspicuously unnoticed in much of the West. On the sidelines of a meeting of the Shanghai Cooperation Organization (SCO), Nikolai Patrushev, secretary of Russia’s powerful Security Council, met India’s Prime Minister Narendra Modi in a private interaction
The Biden administration’s industrial policy action is built around four major legislative initiatives: the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, the Inflation Reduction Act (IRA), and the CHIPS and Science Act
Chemical industry facing 'demand crisis'. China to account for 50% of chemical demand by 2030. US IRA will attract energy transition investments away from Europe
IOCs had effectively been banned from operating in both the north and the south of Iraq. The deal between Baghdad and the KRG about oil sales and its proceeds has not worked out as it should. The FGI’s reinvigorated toughness last year on the KRG’s independent sale of oil from the north indicates that Russian companies lost influence
On December 21, 2022, Russian President Vladimir Putin took part, via videoconference, in the commissioning ceremony for the Kovykta gas field, the largest in Eastern Siberia (Kremlin.ru, December 21, 2022). The field’s recoverable reserves are estimated at 1.8 trillion cubic meters of natural gas, but they are almost entirely reserved for Chinese consumers
Solar and wind are being installed at a rate that is three times faster than all other new electricity sources combined. This offers compelling market-based evidence that PV and wind are now the most competitive and practical methods for deploying new generating capacity
The European Union will ban imports of Russian oil products early next month, in a move to further punish Russia for its invasion of Ukraine, but one that could lead to tighter global supplies and higher prices for products such as diesel
Global oil demand is set to rise to an all-time high in 2023 as China relaxes its Covid-19 restrictions in a move that may push crude prices higher in the second half of the year, according to the International Energy Agency
politicians, Eurocrats and energy analysts. In the aftermath of Russia’s incursion in Ukraine last February the energy scene in Europe has changed radically following the decision by the USA and the EU to reduce Russian energy imports to a bare minimum.Most profound has been the substitution of Russian gas supply with increased LNG imports from the USA, Qatar and elsewhere and higher volumes,via pipeline, from Norway and Algeria
Both ExxonMobil and Chevron shift their area of focus to the Americas. The strategic spending plans mark the end of an era where oil companies would search globally for oil to add to their booked reserves. Since Covid-19, both oil majors are focusing more on shareholder returns and capital discipline
There’s barely time to catch our breath and take a short break before 2023 begins. In the meantime, here’s a chance to look back with the top picks of our content from 2022. As you can see in the list below, the most-read stories this year indicate that there’s a strong interest in the deployment of proven technologies in the form of lithium-ion and pumped hydro
Increase in coal use in Europe is expected to be temporary, with demand falling in advanced economies in the coming years but remaining robust in emerging Asia
The European Central Bank is worried about the potential risks to financial markets from an EU-wide cap on natural gas prices.
The bloc has been in intense discussions for several weeks over how to impose a limit on gas prices. The measure — designed to prevent sky-high costs for consumers — is proving controversial for Europe amid an acute energy crisis following Russia’s invasion of Ukraine
Every part of the part of Paris Agreement must be followed properly, the Czech Republic’s Deputy Environment Minister Jan Dusik said in comments to NE Global following the conclusion of the COP27 summit in Sharm El-Sheikh, Egypt earlier this month. “We need to see how we can advance on the global goal of adaptation; how we can fulfil the financial requirements and how we can come up with an architecture for losses and damages,” he said
A five-year Sandia Labs study of new solar module degradation found
that 13 of 23 tested module types would have effective lifetimes exceeding 30 years.
At a time when climate negotiations are shaped by concerns about the disparity between post-industrial countries in the Global North and emerging economies in the Global South, the United Nations COP27 in Sharm El-Sheikh, starting this weekend, will finally address compensation for nations and communities negatively impacted by climate change
Spot crude prices made large swings at the US Gulf coast during the October trade month amid a backdrop of shifting international supply and demand fundamentals
Domestic oil production remains nearly a million barrels per day (BPD) below the monthly record level set just before the Covid-19 pandemic caused production to plunge