Oil stocks are surging as crude prices climb, yet demand shifts, market volatility and the global energy transition could make fossil fuel investments increasingly risky.
Oil stocks are surging as crude prices climb, yet demand shifts, market volatility and the global energy transition could make fossil fuel investments increasingly risky.
The US, despite its climate action efforts, remains the world’s top oil producer for the sixth consecutive year, reaching record-breaking crude oil production of 12.9 million barrels per day. Despite growing global pressure to phase down fossil fuels, the US maintains its oil dominance.
By Anders Lorenzen One of the world’s largest oil producers and the biggest in the Middle East, Saudi Arabia, is to use the upcoming UN climate conference, COP28, to argue for their […]
A huge green hydrogen plant is to be built in the UAE.