The top of the scenario range falls to 3.3C of warming by 2100 from 4.6C, because the old high-emissions futures assumed coal growth and expensive renewables that did not happen. The new medium case still crosses 2C around 2050. / bne IntelliNews

Climate modellers cut the worst case for the first time in four generations

REM - Renewable Energy
By Ben Aris in Berlin 3 September 2026
The highest warming scenario used by climate modellers has fallen to 3.3C by 2100 from 4.6C, the first time the top of the range has come down in four generations of modelling, Carbon Brief reported on September 1. COUNTRIES: Global SECTORS:...
Venezuela needs billions of dollars in investmnent to modernise its oil sector

US lays out sweeping Venezuela oil pact as legal and political risks mount

LatAmOil - Latin America Oil & Gas
NorthAmOil - North America Oil & Gas
By Newsbase 3 September 2026
The White House has set out the architecture of the sweeping US-Venezuela oil agreement President Donald Trump unveiled last week.

Shell completes acquisition of ARC Resources for $16.5bn

GLNG - Global LNG
NorthAmOil - North America Oil & Gas
By Newsbase analysts 3 September 2026
World’s largest LNG trader could be eyeing future LNG projects following ARC Resources acquisition.

Riyadh condemns Iranian strike on Bahri tanker

DMEA - Downstream Middle East & Africa
MEOG - Middle East Oil & Gas
By Newsbase analysts 2 September 2026
Saudi Arabia has condemned an Iranian attack on one of its oil tankers in the Strait of Hormuz that killed two Filipino crew members
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