Scientists have first identified an active leakage of methane gas from the seabed in Antarctica, increasing the likelihood that the planet is near one of the “tipping points” that would put the impacts of global warming outside the control of humans. According to The Guardian, researchers led by Andrew Thurber …
Read More »Oil prices rise more than 3% to a maximum of four months as the EU agrees on the stimulus package
Oil futures rose sharply on Tuesday, setting prices for their biggest settlement since early March, as markets become more positive about the world’s ability to tackle the COVID-19 pandemic that has crushed oil demand. and its by-products. A landmark stimulus package forged by the 27-nation European Union after marathon negotiations …
Read More »Oil gains, with prices holding above $ 40 after positive results from coronavirus vaccine test
Oil finished higher on Monday, with prices staying above $ 40 a barrel as positive test results for a coronavirus vaccine helped offset concerns about energy demand linked to the surge in global cases of COVID-19 above 14.5 million. Risk appetite received a boost “following news that a coronavirus vaccine …
Read More »UN Agency: United States wanted oil tanker ‘hijacked’ from UAE now in Iran | News of the escalation between the United States and Iran
A United Nations agency has acknowledged that a US-wanted oil tanker “hijacked” off the coast of the United Arab Emirates (UAE) after allegedly smuggling Iranian crude oil is back in Iranian waters. The International Labor Organization (ILO) said Sunday that the MT Gulf Sky was hijacked on July 5, citing …
Read More »Methane emissions hit record high, scientists say
Cows are a major source of methane gas emissions, which the researchers said reached a record in 2017. (Carsten Koall / Getty Images) Methane is a more powerful greenhouse gas than carbon dioxide. It is produced by livestock, natural gas, oil, and other sources. Although carbon dioxide decreased during the …
Read More »