Over 11,000 scientists have signed up to a declaration stating that the Earth is “facing a climate emergency.” The declaration is written in a paper published in the journal BioScience. Authored by a number of scientists from around the world, i... Read more
OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy. In its closely-watched annual World Oil Outlook (WOO), the... Read more
The Volkswagen Group officially started series production of its ID.3 electric car Monday, with the German auto giant aiming to become a world leader in the growing field of e-mobility. A ceremony, held at Volkswagen’s Zwickau plant, was attende... Read more
An increase in production from the U.S. and OPEC has offset any remaining upside potential for oil prices, according to one analyst, with crude futures on track to register a weekly loss. U.S. oil production surged by almost 600,000 barrels per... Read more
Oil markets are expected to face excess supplies in 2020 due to a production boost amid weak demand growth, the director for energy markets and security at the International Energy Agency said Tuesday. “Overall, we will continue to see a well su... Read more
Mexican industrial group Carso, owned by the billionaire Carlos Slim, has said it has been awarded a contract to build two offshore platforms for the Mexican oil company Pemex. The company said the contract for the engineering, procurement, and... Read more
A geothermal heat and power project in the southwest of England has secured £16.8 million ($21.23 million) in funding. In an announcement Monday, educational charity the Eden Project and EGS Energy Limited said the money would enable the first p... Read more
Influencer marketing is a current marketing strategy that places a lot of emphasis on particular individuals and not the entire market. The influencers are the people with profound influence on marketing a brand. The rise of social media over th... Read more
A new study has revealed that high-efficiency home washing machines may be facilitating the spread of harmful bacteria, due to their reliance on low energy and low-temperature wash settings that do not thoroughly remove bacteria. Denis Klimov 30... Read more
UK-based Whalsay Energy is seeking operating partners to help it develop the Bentley offshore oil field, dubbed one of the largest undeveloped fields in the North Sea. Bentley field development schematics / Image source: Whalsay Energy The Bentl... Read more
