Iraq and Kazakhstan cut oil production
06/05/2024
In line with OPEC+ guidelines, Iraq and Kazakhstan rectify their oil overproduction.
In line with OPEC+ guidelines, Iraq and Kazakhstan rectify their oil overproduction.
ArcelorMittal, the world’s second-largest steelmaker, reports a return to profit in the first quarter of 2024, despite persistent environmental and operational challenges.
Chevron and ExxonMobil unveil their first-quarter 2024 results, revealing economic pressures from tight refining margins and fluctuating natural gas prices. The two oil giants continue to adjust, increasing their production and diversifying their operations to strengthen their resilience.
Nuclear power is gaining ground, prioritized as a key solution to climate change at the COP in December 2023. A major challenge lies ahead for 2050, despite the geopolitical challenges.
Kazakhstan, with its vast uranium resources, is seriously considering the adoption of nuclear power to diversify its energy mix and meet its carbon neutrality targets. A recent event organized by the World Nuclear Association and Kazakhstan’s Ministry of Energy highlighted the country’s nuclear ambitions and the associated challenges.
The latest OPEC+ data show a slight rise in production in March, despite Saudi efforts to ensure strict compliance. S&P Global’s analysis points to a potentially volatile market.
OPEC+ countries with overproduction in the first quarter of 2024 must submit their compensation plans by April 30, a move designed to stabilize the market.
Despite the geopolitical tensions of 2023, Kazatomprom is asserting itself with its crucial contribution to global uranium supply, essential for low-carbon nuclear energy.
NatPower UK announces an investment plan of over 10 billion GBP to develop the UK’s largest battery energy storage program, aimed at accelerating the transition to 100% renewable energy by 2035.
A recent analysis by the International Energy Agency (IEA) highlights the persistent challenges posed by methane emissions from the fossil fuel industry, despite the solutions available. This environmental issue calls for immediate, coordinated action.
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