2023, Hottest Year On Record, Highlights Humanity’s Failures, Says Scientist

The year 2023 saw its fair share of disastrous events. In 2023, the world experienced a notable surge in both the occurrence and severity of natural disasters, ranging from the Turkey-Syria earthquake to flooding in South Africa and wildfires in Algeria. This year was characterized by a series of impactful events, including devastating earthquakes, floods, … Read more

COP28 Approves First-Of-Its-Kind Deal That Urges Nations To ‘Transition Away’ From Fossil Fuels

COP28: The 2023 United Nations Climate Change Conference, or the 28th edition of the Conference of Parties to the UN Framework Convention on Climate Change (COP28) has approved a first-of-its-kind deal that urges Nations to ‘transition away’ from fossil fuels. The first global stocktake text, which is an assessment of progress made towards mitigating global … Read more

COP28 First Global Stocktake Advance Version Mentions Transitioning Away From Fossil Fuels But Not Phase Out

COP28: The United Nations Framework Convention on Climate Change (UNFCCC) released the ‘advance version’ of the first global stocktake on December 13, 2023, as COP28, the 2023 UN climate summit that began in Dubai on November 30, ran into overtime due to clashes among countries over the inclusion of fossil fuel ‘phase-out’ in the climate … Read more

No Mention Of Fossil Fuel Phase-Out In Draft Deal, OPEC Pushback — Key Events As Climate Summit Comes To A Close ABPP

COP28: The 28th edition of the United Nations Climate Change Conference, or the 28th meeting of the Conference of Parties to the UN Framework Convention on Climate Change (COP28), which started on November 30, 2023, in Dubai, is set to end on December 12, 2023. Over a period of 12 days, several major announcements from … Read more

U.K. Hits Russian Gold, Oil Sectors With New Sanctions Package

The U.K. government has sanctioned 29 entities and individuals operating in and supporting Russia’s gold and oil sectors, in an effort to cut off revenue streams funding its war in Ukraine. Entities sanctioned Wednesday include Nord Gold and Highland Gold Mining, two of the largest producers of Russian gold, and Paloma Precious DMCC, a United … Read more

A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0048 GMT – Oil prices edge higher in early Asian trade amid a broad pick up in risk appetite across markets, ANZ analysts say in an email. The risk on tone is aided … Read more

U.S. Oil Inventories Rise as Domestic Production Hits Record High

U.S. oil inventories jumped by 10.2 million barrels last week, much more than expected, as domestic production hit a record high. Source link

Oil Prices Don't Need War in the Middle East to Keep Rising

The escalating conflict comes against the backdrop of already tight oil market. Source link

Why the Israel-Hamas War Matters for Investors

While market moves were initially muted, what should be a concern is the potential for the war to escalate. Source link