But it’s also forecast that actual power generation will still be dominated by coal, which provided nearly 60% of electricity consumed last year
Newly found documents show fossil fuel interests funded research in 1954 to measure the impact of CO2 on the atmosphere, indicating that the oil industry knew about 'the threat to civilization' nearly 70 years ago
The strike marks a serious escalation of attacks by Houthi militants given they have, so far, primarily targeted container vessels moving through the Red Sea
Since the assault by Iran-backed Houthis began in December, 39% fewer ships are moving through the Suez Canal, leading to a 45% decline in freight tonnage
Russia shipped a record 107 million metric tons of crude oil to China last year, equivalent to 2.14 million barrels per day (bpd), data from Chinese customs showed
Oil tankers diverted from the Red Sea on Friday after Houthi militants in Yemen said they would keep targeting vessels in the region in response to US and allies' attacks on their military bases
Chinese shipments to Russia jumped 47% in 2023 from a year earlier, and soared 64% compared with 2021, before the Russia-Ukraine war, China's customs data showed
Finland's president had talks with China's Xi Jinping over damage done in October to the gas pipeline between Finland and Estonia, suspected to have been done by a Hong Kong container ship
Naval forces shoot down 18 drones and 3 anti-ship missiles, ahead of a UN vote to deter such attacks. Vessel data shows most oil tankers are still using the Suez Canal but container ships are down 28%
Shipping giants are bracing for significant disruptions to affect key routes like the Panama Canal and knock complex vessel schedules out of sync
Together China and India accounted for around 90% of Russia’s crude exports, while Europe's share fell to only about 4-5% from about 40-45%
Costs have shot up as ships have rerouted around Africa. Some shippers are looking to boost the number of vessels sailing through the Suez Canal, but others want to see if the response to Houthi attacks is effective