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EU urges Hungary and Slovakia to cut their dependency on Russian oil
Brussels says that oil supplies to the two countries are not at immediate risk from Ukraine's tightening of sanctions on Lukoil.
FSUOGM: Gasum halts Russian LNG purchases
GLNG: Petronas and Argentina’s YPF to invest $30bn to construct LNG plant in Patagonia
LatAmOil: US oil policy on Venezuela to remain steady despite disputed election, official says
Asian LNG imports climb as demand in Europe remains muted
Asia is poised to post its highest LNG import numbers since the start of the year in July as demand surges despite rising spot prices in the region.
Burning forests and reduced carbon uptake by plants failed to mitigate climate change in 2023
Forests and other land ecosystems failed to mitigate climate change in 2023, as severe drought in the Amazon rainforest and record wildfires in Canada hindered their natural capacity to absorb carbon dioxide.
The West is bleeding the Global South of wealth thanks to massive wage inequality, says study
The developed markets of the West are bleeding the Global South of wealth thanks to massive differences in nominal wages, according to a new study published in Nature Communications.
Wind and solar to make up 40% of China’s power capacity by year-end
Wind and solar power accounted for 38.4% of China's overall installed capacity in the first half of the year, surpassing coal-fired capacity, which fell to 38.1%, according to a report by the China Electricity Council (CEC).
The AMOC Gulf Stream current may collapse as soon as 2025, says study
A new study predicts the AMOC (Atlantic Meridional Overturning Circulation), a oceanic current that brings warm water to the northern Atlantic, could collapse as soon as 2025, ushering in a new ice age in northern Europe.
Energo: Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia’s flagship national initiative to achieve “technological sovereignty” in the energy sector, overcoming dependence on Western technology, is set to cost RUB2.14 trillion ($25bn) between now and the end of the decade.
Russia’s Gazprom offers to make Iran a global gas hub
The recently signed gas supply deal between Russia and Iran could shake up the international gas market in a big way if the Kremlin gets its way.
Permafrost thaw accelerating climate change, studies warn
Russia’s permafrost is melting but the ground is still frozen, trapping gigatonnes of primoradial CO₂ in the ice. However, as temperatures rise, the Arctic regions are already releasing more carbon dioxide than they are absorbing.
Global solar panel glut caused by Chinese overproduction
There is an overproduction of solar panels worldwide, with production capacity exceeding demand by 2 TW. This surplus has led to falling prices.
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