COP26: New COP26 Draft Agreement Retains Reference to Fossil Fuels
Despite a furious effort from big coal, oil, and gas producers to have it removed, a new version of the COP26 draft agreement was issued early on Friday and maintains...
Read More 
COP26: Saudi’s Energy Minister Refutes Claims the Kingdom is Blocking Climate Change Progress
Greenpeace's accusations were rejected by Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, who accused the campaigning organisation of spreading "lies" and "fabrications" about the Kingdom's climate change policies. The...
Read More 
Oil and Gas Discoveries in Russia have Dropped to a Five-year Low
Following last year's crisis, which resulted in a sharp reduction in capital expenditures for exploration, Russia's oil and gas finds plummeted to their lowest level in five years in the...
Read More COP26: Climate Summit Not Considering African Reality – Ghanaian Ministerial Delegation
According to Upstream, a representative of the Ghanaian ministerial team claimed that while developed countries release pledge after pledge to reduce emissions at the COP26 climate summit, the concerns of...
Read More 
COP26: The UK not Joining Alliance Setting End-Date of Oil and Gas Production
According to Bloomberg, the United Kingdom, the host of the ongoing COP26 climate summit, will not join the Beyond Oil & Gas Alliance (BOGA), which wants governments to commit to...
Read More 
Oil Prices will be Double without OPEC+ Intervention – UAE
The United Arab Emirates said on Monday at the Africa Oil Week Conference in Dubai that if it weren't for OPEC+'s concerted actions to manage supply and demand, oil prices...
Read More 
Biden May Announce Measures to Curb High Gasoline Prices Soon – Energy Secretary Granholm
In an interview with MSNBC on Monday, US Energy Secretary Jennifer Granholm said that US President Joe Biden could propose measures to alleviate high gasoline prices as soon as this week....
Read More 
COP26: Angola to Increase Renewable Energy Capacity to 70% by 2025
Angola's President, H.E. João Lourenço, vowed to raise renewable energy capacity to 70% of the country's energy matrix by 2025 during the United Nations Climate Change Conference (COP26) in Glasgow....
Read More “Oil is not the Problem” – Saudi Energy Minister on Global Energy Crisis
Following appeals from many countries and the White House to increase crude oil production, Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, declared at the post-OPEC+ summit press conference that...
Read More 
$80 Per Barrel Adequately Reflects Market Situation – Russian Deputy Prime Minister
After the OPEC+ summit, Russian Deputy Prime Minister Alexander Novak told local TV Rossiya-24 that current oil prices of around $80 per barrel adequately reflect the market scenario. According to...
Read More