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Ukraine’s attacks on Russian oil refineries have done little damage to Russia’s economy so far
Ukraine continues to attack Russian refineries with drones but as drones only carry a 5-50kg explosive payload, rather than the 500kg carried by bombers, they can’t destroy a refinery, only damage it.
Extreme wildfires have doubled in two decades, due to climate crisis
A new study, in "Nature Ecology & Evolution", reveals that the frequency and intensity of severe wildfires worldwide have doubled over the last two decades due to climate change.
Over a billion people's food supplies threatened by the accelerating climate crisis by 2050
Extreme heat this summer has already killed 1,300 Muslims on the annual hajj to Mecca, but climate change threatens the lives of far more people if crops start failing due to rising heat and water stress, recent research has shown.
China’s Energy Singularity produces first net energy positive fusion reaction
The Shanghai-based commercial fusion energy company Energy Singularity announced on June 19 it has successfully built the world’s first fusion reactor that puts out more energy than it takes in to run it.
Fossil fuel use reaches global high
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
Israel emerging as source of tension in Azerbaijan’s special relationship with Turkey
War in Gaza and domestic politics in Turkey create cracks in Azerbaijani-Turkish alliance.
Hungary receives exemption from Russian sanctions for Paks NPP project
Hungary receives exemption for the €12bn project by Rosatom to add two 1,200 MW blocks to Hungary's only commercial nuclear power plant.
FSUOGM: No major energy deals from SPIEF 2024
AsianOil: Shell snaps up Asian LNG trader Pavilion
Global green transition champion China is close to peak emissions
China is adding renewable energy capacity faster than any other country in the world, and is approaching peak emissions, even if it remains heavily dependent on coal-fired power stations to power its economy.
MEOG: Enersol adds to Gordon Tech stake
Iran's oil minister denies ‘massive discounts’ in oil sales
Iran’s Oil Minister Javad Owji denied claims that Tehran was “giving away” crude oil with “massive discounts,” after two presidential candidates criticized the outgoing government for “wasting” oil revenues with markdowns.
Rerouting of Russia trade to add more Caucasus, Central Asia growth in 2024-2025, says Oxford Economics
Relatively small component of expanded commerce comes from evading sanctions on particular goods, analysis argues.
EU to target LNG and helium in 14th sanctions package against Russia
The package will target transshipment of Russian LNG in European ports, which will also make it more difficult to deliver LNG from Russia to Asia.
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