Friday, November 29, 2024
China's CO2 emissions will be higher in 2020 than in 2019, says IEA's Birol- oil and gas 360

China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol

Reuters OSLO – China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday. “As of today, Chinese emissions this year, 2020, will be higher than in 2019, they rebounded,” Fatih Birol told a digital energy conference organised by Norwegian oil firm

EU drafts deal to upgrade 2030 climate change target next month- oil and gas 360

EU drafts deal to upgrade 2030 climate change target next month

Reuters BRUSSELS – The European Union has drafted a deal to curb greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month, the document showed. If the Dec 10-11 EU leaders’ meeting approves the draft conclusions seen by Reuters, it could make the EU

Oil extends gains on vaccine hopes, shrugs off U.S. inventory build- oil and gas 360

Oil extends gains on vaccine hopes, shrugs off U.S. inventory build

Reuters LONDON – Oil prices climbed for a fourth straight session on Wednesday, shrugging off a report showing U.S. crude inventories rose more than expected and extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude rose 43 cents, or 0.9%, at $48.29 a barrel by 1442 GMT, adding to a 4% gain the