10 results for "oil crisis"
‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says
The oil crisis triggered by the Iran war has changed the fossil fuel industry for ever, turning countries away from fossil fuels to secure energy supplies, the world’s leading energy economist said. F…
Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds
Climate group calls for urgent windfall tax on excess fossil fuel profits, as delegates tell Colombia conference their nations are suffering The Middle East oil and gas crunch will impose as much as a…
How a facility turning plastic into jet fuel could solve the UK’s next oil crisis
As airlines and travellers feel the effect of global jet fuel shortages, scientists in Kent may have figured out a sustainable solution to the crisis…
UAE to leave OPEC amid Hormuz oil crisis, a blow to Saudi Arabia
UAE To Leave OPEC In Days Amid Global Oil Crisis
The abrupt decision by the UAE reflects an intensified rivalry with Saudi Arabia and current pressures from the Iran war.…
UAE leaves OPEC in major blow to global oil producers' group
DUBAI — The United Arab Emirates said on Tuesday it was quitting oil-producers' group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of …
UAE quits Opec in win for Trump as oil cartel weakened
US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices The United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow…
UAE leaves OPEC in major blow to global oil producers' group
It comes as unprecedented energy crisis triggered by the Iran war exposes splits among Gulf nations.…
Iran running out of space to store its crude; is the real financial crisis still coming?
International Business News: The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across mar.…
The renewables push is being driven by necessity
The “oil crisis” of the 1970s triggered a paradigm shift toward more energy efficient vehicles. The same must occur in the current crisis.…