energy
EU countries adopted today (May 27) first-ever rules to measure, report and verify methane emissions in the energy sector in a bid to slash the volume of these short-lived air pollutants, known to be up to 30 times more potent than carbon dioxide (CO2). Following an almost unanimous vote, opposed by Hungary, energy operators will need to comply, as of 2025, with new requirements to ensure mitigation measures, such as detecting and repairing methane leaks, and measuring emissions at source level. They will also be required to draw up monitoring reports that will be checked by independent accred...
Euronews (English)
The Brent crude oil price drifted upwards on Monday as investors focused on the upcoming driving season in the United States. It rose for two straight days, moving to the key resistance point at $82.50, higher than last week’s low of $80.60. Driving season aheadThe next crucial catalyst for crude oil price is the US driving season, which starts after the Memorial Holiday weekend. This season is characterised by more driving in the United States and higher demand for gasoline. In some cases, oil prices tend to rise during the driving season, which explains why Joe Biden’s administration has ann...
Invezz
By Maxwell Radwin MEXICO CITY — Mexico will hold elections on June 2 that are likely to shape the country for years to come. In addition to president, all 500 deputies in the lower house of Congress and all 128 seats in the Senate are on the ballot. The winners will have to reckon with a host of pressing environmental concerns that range from renewable energy and mining to access to clean water and infrastructure. The main presidential candidates are left-wing Claudia Sheinbaum and right-wing Xóchitl Gálvez, with center-left Jorge Máynez representing a third, dark-horse option. One of them wil...
Mongabay
Algeria's state oil company announced Thursday it signed a memorandum with ExxonMobil to develop two gas fields, a move an analyst called "a big step" for the country's energy ambitions. The two companies plan to "study the existing opportunities to develop the hydrocarbon resources in the Ahnet basin and the Gourara basin" in southern Algeria, Sonatrach said in a statement. The agreement was signed in Algiers by Sonatrach's chief executive Rachid Hachichi and the head of exploration at ExxonMobil, John Ardill. The companies did not give a figure for the scale of the investment or for the pote...
The New Arab
Crude oil prices experienced a significant drop of more than 1.5% on Tuesday as the United States Federal Reserve provided no clear indications regarding potential interest rate cuts. The uncertainty stems from recent statements by key Fed officials, reflecting differing views on the economic outlook and inflation trends. Federal Reserve officials’ mixed signalsFederal Reserve Bank of San Francisco President Mary Daly stated that there is “no urgency” to start easing interest rates, citing the absence of evidence for a sustained drop in inflation. Similarly, Fed Vice Chair for Supervision Mich...
Invezz
The German government has agreed to speed up the authorizations for wind turbines and industrial plants, a statement published on Friday by politicians from the ruling coalition showed. The new law is intended to enable wind turbines and industrial plants to be built more quickly via more digitalization of the process and a reduction of bureaucratic hurdles. Apart from wind turbines, other plants affected include rolling metal mills, foundries, waste disposal plants and hydrogen production facilities. The changes are expected to be finalized in the coming weeks. The coalition, which includes t...
DPA International
The German government has agreed to speed up the authorizations for wind turbines and industrial plants, a statement published on Friday by politicians from the ruling coalition showed. The new law is intended to enable wind turbines and industrial plants to be built more quickly via more digitalization of the process and a reduction of bureaucratic hurdles. Apart from wind turbines, other plants affected include rolling metal mills, foundries, waste disposal plants and hydrogen production facilities. The changes are expected to be finalized in the coming weeks. The coalition, which includes t...
DPA
The German government has agreed to speed up the authorizations for wind turbines and industrial plants, a statement published on Friday by politicians from the ruling coalition showed. The new law is intended to enable wind turbines and industrial plants to be built more quickly via more digitalization of the process and a reduction of bureaucratic hurdles. Apart from wind turbines, other plants affected include rolling metal mills, foundries, waste disposal plants and hydrogen production facilities. The changes are expected to be finalized in the coming weeks. The coalition, which includes t...
DPA Breaking News
Washington (AFP) - President Joe Biden's government on Thursday announced a plan to end coal leases in the Powder River Basin, the nation's largest coal-producing region, drawing condemnation from the mining sector and praise from environmentalists. It comes as the world's second largest economy continues its shift away from coal, the most carbon-intensive fossil fuel, which has seen its output decline by more than 25 percent since 2017 as it struggles to compete with lower cost natural gas and with renewable energy. Biden has also targeted coal power plants with tough new rules requiring them...
AFP
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Earlier in the day, Ukrenergo introduced emergency shutdowns for industrial and domestic users from 7:25 to 10 p.m. local time across all regions of Ukraine. Limitations ar...
Kyiv Independent (CA)
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