petroleum politics
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What the Omicron Variant Could Mean for Oil Prices
There’s a new coronavirus variant in town — and it may have a striking impact on oil. Global prices fell by more than 10% on Friday after the World Health Organisation declared the omicron variant a “variant of concern.” The dip marks the biggest one-day crash since the early days of the pandemic.
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Net Zero Pledges Are So Worthless, a Country Almost Entirely Reliant on Oil Just Made One
The United Arab Emirates, a country that’s economy is dominated by oil and gas production, announced on Thursday that it was committing to net zero emissions by 2050. It’s the first country to make a net-zero commitment in the Persian Gulf, and adds to a growing list of countries across the world that have announced…
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Countries Invested in Drilling for Oil Unsure About This Not Drilling for Oil Thing
Oil-producing heavyweights like Russia and Saudi Arabia will not go quietly into the night. This week, ministers from those and other countries slammed the latest report from the International Energy Agency calling for all new oil and gas development to stop by next year, using some pretty heated (and funny) rhetoric.