Oil news
The Fossil Fuel Lobby Is Under Scrutiny at COP30
In recent years, a growing number of fossil fuel lobbyists have attended the annual United Nations COP climate summits. Previously, host country leaders and event organisers have justified the attendance of these lobbyists by saying that they play an integral role in supporting the green transition, and that their cooperation is needed to meet climate goals. However, with studies showing that not enough change is being made by fossil fuel companies to support the global green transition, many are questioning their right to attend the climate summits. …
Categories: Oil news
A Breakout Year for E-Methanol
With COP30 now underway in Belém, Brazil, it can feel as though the world is backsliding when it comes to curbing emissions. Since the last climate summit, major oil companies have scaled back their climate goals, the U.S. has cancelled billions in clean-energy grants, and even Bill Gates has called for a new approach to countering climate change. But those headlines don’t reflect the inexorable progress that is being made across a variety of clean energy sectors, even if the rate of growth in some areas may be slowing. Some of the…
Categories: Oil news
How Labour Plans to Make the U.K. a Clean Energy Superpower
Since the Labour Party came into power in the United Kingdom in July 2024, there has been a major change in the government’s approach to energy. The U.K. is now rapidly transitioning away from fossil fuels towards green alternatives, with ambitious climate goals set for the end of the decade and mid-century. Ahead of the COP30 climate summit in Brazil this month, Prime Minister Kier Starmer reaffirmed his commitment to creating a green economy, while the U.K. energy minister Ed Miliband said we must not give up on tackling global warming. …
Categories: Oil news
Floating Oil Storage Surge Puts Market Balance on Edge
A shadow fleet is quietly swelling across the world’s oceans, packed with sanctioned barrels from Russia, Iran, and Venezuela. For now, those tankers have kept to the sidelines of the global market—but the sheer scale of crude idling offshore could soon jolt prices, depending on whether the oil ever finds a buyer. Of course, Russia's oil shipments abroad have been in the spotlight over the past few weeks, as the media rush to report how Chinese and Indian buyers are canceling orders and switching to Middle Eastern and American oil until…
Categories: Oil news
The AI Boom Is Driving a Massive Geothermal Energy Revival
Geothermal energy is becoming Big Tech’s newest darling. Silicon Valley is upending its deep pockets into enhanced geothermal startups in a bid to stay one step ahead of the massive energy demand growth trend being spurred by the AI boom. Geothermal boasts key advantages over leading clean energy technologies, most notably the fact that it’s a constant, baseload clean energy source and that it’s one of vanishingly few zero-carbon alternatives with broad bipartisan support in the United States. As a result, this relatively niche…
Categories: Oil news
Trump Bets Big on a Nuclear Comeback
United States President Donald Trump is putting his money where his mouth is as he doubles down on efforts to accelerate the expansion of the country’s nuclear energy sector. The government will spend billions in public funding to reinvigorate U.S. nuclear power, following decades of underinvestment. Unlike renewable energy, Trump views nuclear power as key to expanding the U.S. electricity generation capacity and recently announced the target of quadrupling nuclear capacity by 2050. In May, President Trump signed an executive order calling…
Categories: Oil news

