Haitham al-Ghais, the secretary-general of the Organization of Petroleum Exporting Countries (OPEC), expressed the alliance’s openness to welcoming new members during his speech at the Energy Asia Summit on June 26, 2023. This statement indicates OPEC’s active efforts to expand its coalition and increase its influence in the global oil market. Currently, OPEC consists of …
Oil rigs on platforms in Gaoyu Lake in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images Oil and gas will remain dominant energy sources for many decades due to the slow progress in energy transition, according to prominent industry figures who spoke at the Energy Asia conference in Kuala Lumpur, …
The price of oil is falling below the expectations of the United Conservative government for the budget year. This could potentially lead to financial challenges for the province, including the depletion of its projected surplus, according to critics. “The UCP may already be facing a deficit, and even a slight drop in oil prices will …
In an effort to combat climate change and reduce greenhouse gas emissions, the International Energy Agency (IEA) has urged oil and gas companies to allocate a small portion of their earnings towards minimizing methane releases. According to the IEA, an investment of $75 billion from the sector between now and 2030, equivalent to just 2% …
Oil and gas companies have the potential to significantly reduce their greenhouse-gas emissions by investing a small portion of their earnings in minimizing methane releases, according to the International Energy Agency (IEA). In their latest report, the IEA suggests that an investment of $75 billion from oil and gas companies between now and 2030, equivalent …
Every weekday, the CNBC Investing Club with Jim Cramer conducts a captivating “Morning Meeting” livestream at 10:20 a.m. ET. Let’s delve into the highlights of Tuesday’s session. No Man’s Land The stock market saw a slight upward trend on Tuesday morning, attempting to recover from the losses incurred on Monday. However, the market remained in …
Russia’s President Vladimir Putin issues a statement in Moscow on June 24, 2023 as Wagner fighters stage rebellion in the biggest threat to Putin’s quarter-century grip on power. Pavel Bednyakov | AFP | Getty Images Oil prices surged on Monday following an attempted insurrection in Russia, which raised concerns about potential disruptions in energy supplies …
Canada’s government faces cyberattacks from hostile foreign actors on an ongoing basis, with attacks on private businesses also increasing. Sami Khoury, who heads the Canadian Centre for Cyber Security, part of the Canadian Security Establishment (CSE) intelligence agency, highlights the need for critical industries and Canadians to educate and protect themselves. Khoury explains that efforts …
Natural Resources Minister Jonathan Wilkinson, accompanied by Intergovernmental Affairs Minister Dominic LeBlanc, recently met with Alberta Premier Danielle Smith to discuss energy and climate policies. While there is no definitive divide between the governments, there are noticeable differences in their respective visions. The relationship between the two governments has been strained due to concerns in …
A folk artist meticulously paints the eyes of a dragon on a dragon boat in preparation for the upcoming Dragon Boat Festival in Dongguan, Guangdong Province of China, on May 27, 2023. Image Source: Vcg | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. …