Tag - oil



Fatih Birol, executive director of the IEA
Feb 21, 2024
How to reinvent yourself at 50: An IEA guide
It would be an understatement to say that the energy industry has gone through a lot of change.
Vitol, the world's largest independent oil trader, is considering opening an office in Tokyo to trade electricity, sources said.
BUSINESS / Companies
Feb 16, 2024
Vitol considers entering Japan power market with Tokyo office
Japan's power market is attracting more overseas firms due to increased volatility amid shifts away from fossil fuels
Local authorities say oil tanks at this storage facility caught fire after the military brought down a Ukrainian drone, in the town of Klintsy in the Bryansk Region, Russia, on Friday.
WORLD / Politics
Jan 23, 2024
Ukrainian drone attacks menace key Russian oil export route
Keeping Russia’s oil exports steady is crucial for the Kremlin, which receives approximately 30% of total budget revenues from the nation’s energy industry.
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China, in October 2018.
Jan 20, 2024
China defies sanctions to make Russia its biggest oil supplier in 2023
Russia shipped a record 107.02 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), the Chinese customs data showed.
A Tokyo Gas Co. storage tank at the company's Setagaya facility in Tokyo
ENVIRONMENT / Climate change
Jan 12, 2024
World trying to quit fossil fuels gets flood of gas instead
Formerly a sluggish sector, global events spurred LNG's expansion
A worker guides drilling pipes on the Gazprom PJSC Chayandinskoye oil, gas and condensate field in Russia's Sakha Republic.
WORLD / Politics
Jan 10, 2024
Russia’s oil drilling boom proves Moscow’s resilience to Western sanctions
In the first 11 months of 2023, Russia's drilling was on track to beat the post-Soviet record.
Seiichiro Nishioka, an outside director, apologizes at a news conference on Tuesday.
BUSINESS / Companies
Dec 19, 2023
Japan's Eneos dismisses president for hugging woman while drunk
The scandal is another blow to the firm, whose former CEO was forced to step down last year amid a report that he sexually harassed a hostess at a bar.
A climate activist arranges artwork expressing opposition to fossil fuels at Dubai's Expo City during the United Nations Climate Change Conference COP28 in Dubai on Dec. 12.
ENVIRONMENT / Climate change
Dec 19, 2023
COP28 deal on fossil fuels puts new focus on 'just transition'
From coal miners to offshore oil rig engineers, 32 million people who work in the fossil fuel industry face losing their livelihoods.
Michael Bloomberg, U.N. special envoy for climate ambition and solutions, speaks during a summit on methane and other greenhouse gases at COP28 in Dubai on Dec. 2.
Dec 18, 2023
What did COP28 achieve?
With pledges to cut methane, among other achievements, COP28 may have helped reduce the costs of decarbonization — an essential stepping stone.
A man walks past a pollution pod designed to mimic the air quality in New Delhi, during the COP28 summit in Dubai, on Dec 4.
ENVIRONMENT / Climate change
Dec 15, 2023
How the world agreed to move away from fossil fuels at COP28
This year's climate conference marked the first time in history countries expressed a unified desire to end the oil age.
A deal was reached at the eleventh hour of COP28 in Dubai on Wednesday, with countries committing to transition away from fossil fuels to meet climate goals.
Dec 14, 2023
It’s time to kick our addiction to fossil fuels
The COP28 deal is historic in that it calls for a transition away from fossil fuels for the first time, but it's too weak to tackle the climate emergency.
An undated file photo shows Diego Garcia, the largest island in the Chagos archipelago and site of a major United States military base in the middle of the Indian Ocean, leased from Britain in 1966.
Dec 14, 2023
Indian Ocean could become China's Achilles' heel in war on Taiwan
A struggle to protect energy lifelines even as demands increase could make a protracted war over Taiwan difficult for Beijing to sustain.
Wiring connects photovoltaic panels at the Al Dhafra Solar project, constructed by Electricite de France (EDF) and Jinko Power Technology, in Abu Dhabi, United Arab Emirates, in January.
ENVIRONMENT / Climate change
Dec 13, 2023
China’s pressured clean energy industry sees Saudi potential
Saudi Arabia is said to offer benefits including low-cost electricity, good relations with other countries and a central location.
COP28 President Sultan Al Jaber, of the United Arab Emirates, addresses the plenary, after a draft of a negotiation deal was released, at the COP28 United Nations Climate Change Conference in Dubai on Wednesday.
ENVIRONMENT / Climate change
Dec 13, 2023
Nations strike deal at COP28 to transition away from fossil fuels
More than 100 countries had lobbied hard for strong language in the deal to "phase out" oil, gas and coal use, but came up against powerful opposition.
A pollution pod designed to mimic the air quality in New Delhi sits during the United Nations Climate Change Conference (COP28) in Dubai on Tuesday
ENVIRONMENT / Climate change
Dec 13, 2023
Without fairness, fossil fuel phase-out flounders at COP28
Developing countries emphasized that they could not embark on the journey toward renewables in the absence of clear guarantees of international support.
An oil pump outside Saint-Fiacre, near Paris, in 2019
Dec 13, 2023
Big Oil's bid to woo ESG investors fails to impress
A pledge by 50 of the biggest oil and gas companies at the U.N. climate talks in Dubai commits to reaching near-zero methane emissions by 2030.
COP28 President Sultan Ahmed Al Jaber gives a press conference at the United Nations Climate Change Conference in Dubai on Dec. 4.
Dec 8, 2023
Climate solutions are debatable, but science is inescapable
How we set environmental policies depends on how we interpret the facts.
COP28 President Sultan Al Jaber in Dubai on Monday
ENVIRONMENT / Climate change
Dec 12, 2023
COP28 summit goes into overtime with new draft deal in works
The UAE's Sultan Al Jaber has the task of getting almost 200 countries to agree to a text that will govern the global fight against climate change.
The COP28 climate conference is being held at Expo City Dubai for a total of 100,000 attendees, 2,000 of which are from fossil fuel companies.
Dec 11, 2023
COP28 like a trade show? That’s not a bad thing.
Some lament the presence of many fossil fuel representatives among the 100,000 attendees of COP28 in Dubai, failing to recognize their key role.
Delegates arrive at Dubai's Expo City during COP28 on Saturday
ENVIRONMENT / Climate change
Dec 9, 2023
Oil is everywhere at COP28, vexing those seeking its demise
To many of the activists in attendance, the prominence of the oil and gas industry is a travesty.


Hideo Shimoju points to a possible site that his fellow neighbors may relocate to. Such relocations have happened before, but not preemptively.
In disaster-prone Japan, some communities consider major moves