By Tsvetana Paraskova of OilPrice.com, China is set to import 40% more crude from Saudi Arabia under term contracts in September despite the unilateral production cut of 1 million barrels per day (bpd) of the […]
Corporate media unleashed a barrage of headlines of climate doom, including “Era of global boiling has arrived” and “hottest month in the history of civilization” and “hottest day ever recorded.” These headlines were published in […]
As Visual Capitalist’s Freny Fernandes details below, over the past two decades, governments around the world have responded to climate change through various initiatives and policies, with carbon pricing at the forefront. A recent example […]
Via Remix News, Poland’s national bank has increased its gold holdings by 2.3 million ounces since the start of the year… The National Bank of Poland (NBP) increased its gold reserves for the fourth consecutive […]
US fuel stockpiles fell sharply last week -EIA US crude stocks soar on record export drop -EIA Saudi cabinet reaffirms support for OPEC+ measures Oil prices hit new peaks on Wednesday with the global Brent […]
Is the much-hyped “energy transition” starting to crumble at its foundations now? In recent weeks we have seen the following: Ford Motor Company warns investors its electric vehicle division will lose $4.5 billion in 2023; […]
Russia is expecting extra oil and gas revenues to reach 1 trillion rubles, or $11 billion, in the last five months of the year despite sanctions, embargos, and price caps, two people with knowledge of […]
August 9, 2023 Data source: Global Energy Monitor, Global Hydropower Tracker, May 2023 China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As […]
I’ve insisted on this forever, with however little effect. It is a tax on carbon dioxide, a life-giving, life-enhancing element of the air we breathe. Carbon dioxide is the source and vital energy of all […]
AAA reports that the average price for regular gas at the pump hit $3.825 on August 9, the highest level seen in 2023, amid growing concerns that global oil markets are undersupplied by as much […]
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