Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The oil and gas industry needs to let go of the “illusion” that carbon capture technology is a solution to climate change and … Read more

Peak fossil fuel demand is coming, IEA says — and China will be key

A worker cutting steel pipes near a coal-powered power station in China on Nov. 12, 2021. Greg Baker | AFP | Getty Images China has changed the world’s energy system before and is set to do so again, as a peak in demand for fossil fuels nears, according to the International Energy Agency’s Executive Director. … Read more

IEA says markets to remain on edge as Israel-Hamas war persists

Storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Wednesday, Oct. 11, 2023. Bloomberg | Bloomberg | Getty Images The International Energy Agency on Thursday said that oil markets are likely to remain on edge as the Israel-Hamas war persists, with investors closely monitoring the potential for output disruption in … Read more