In just a week, Russia has to find ways to cut a fifth of its oil output under a deal to tackle the market glut and is looking at all options, including putting wells on repair and maintenance to abandoning them entirely and even burning oil, four oil industry sources said.
Reuters 23rd April 2020 read more »
The energy that has powered a continent for several hundred years, driving its industry, fighting its wars and keeping its people warm, is on the way out, fast: Europe’s coal is in rapid decline. Coal is far and away the most polluting of fossil fuels and is a major factor in the build-up of climate-changing greenhouse gases in the atmosphere. But, according to a recent report by two of Europe’s leading energy analyst groups, the use of coal for power generation among the 27 countries of the European Union fell by a record 24% last year. The report, by the Germany-based Agora Energiewende group and Ember, an independent London climate think-tank focused on speeding up the global electricity transition, will make stark reading for Europe’s coal lobbyists.
Climate News Network 26th April 2020 read more »