Category: Highlights

The world’s most-watched oil data report won’t be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier in the week. Disruptions, disruptions, and disruptions. Even the Energy Information Administration can’t avoid them, with electricity problems meaning the world’s most-watched oil data report won’t be released this week. Preliminary estimates pointed to the largest crude stock build in the past four months. The EIA hopes to shed more light on that on Monday. Meanwhile, the US Federal Reserve’s unconditional…

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Global energy investment is on the rise and expected to grow by 8 percent annually this year, pushed up by record spending on clean energy, the International Energy Agency (IEA) said in its new report World Energy Investment 2022. On the face of it, that’s great news for global energy supply and climate goals. But in reality, the rising trend is a function of galloping inflation, a deepening divide between developed and emerging economies’ investment trends, and an increase in coal investments as the biggest economies in Asia prioritize energy…

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Paris, (APP – UrduPoint / Pakistan Point News – 23rd Jun, 2022 ) :Natural gas has emerged as a weapon of war between Russia and Europe since Moscow and Ukraine stand-off. Here is how the standoff developed: – Nord Stream 2 halted – On February 22, 2022, German Chancellor Olaf Scholz says he is suspending the Nord Stream 2 pipeline project with Russia in response to Moscow’s recognition of two breakaway regions in Ukraine. The project has long been a source of tension with Berlin’s allies in the United States…

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Speakers at a seminar on Wednesday criticised the World Bank for messing up Pakistan’s energy sector by supporting fossil gas and financing LNG infrastructure in recent years. Organised by the Alliance for Climate Justice and Clean Energy, the seminar participants unanimously called the country’s shift to fossil gas a costly mistake that has contributed to disproportionately high reliance on imported LNG obtained at exorbitant spot prices. There’s sufficient scientific evidence which confirms this gas isn’t a “transition” fuel to cleaner energy systems, said Fran Witt, senior adviser at advocacy group…

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Speakers at a seminar on Wednesday criticised the World Bank for messing up Pakistan’s energy sector by supporting fossil gas and financing LNG infrastructure in recent years. Organised by the Alliance for Climate Justice and Clean Energy, the seminar participants unanimously called the country’s shift to fossil gas a costly mistake that has contributed to disproportionately high reliance on imported LNG obtained at exorbitant spot prices. There’s sufficient scientific evidence which confirms this gas isn’t a “transition” fuel to cleaner energy systems, said Fran Witt, senior adviser at advocacy group…

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