Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
We discovered that the 12 largest petrochemical companies announced 88 new projects between 2012 and 2019: new and expanded facilities that will likely operate for decades, ramping up carbon emissions.
In a speech last Thursday at International Petroleum Week – one of the biggest events on the industry’s calendar – Ben van Beurden, chief executive of Royal Dutch Shell, argued that big energy companies…
It might sound unlikely, but Australia’s fuel gauge is worryingly low. We’re one of the world’s top energy exporters, but our stocks of liquid fuels – such as the oil on which almost the whole transport…
Don Fullerton, University of Illinois at Urbana-Champaign
The runaway train of 73 oil tankers that derailed and exploded in the small town of Lac-Megantic in Quebec, Canada last week left 15 dead, around 50 missing, and shows how dangerous transporting oil can…
Last week, Caltex decided to close its Kurnell refinery in Sydney. This closure follows a recent decision by Shell to close its refinery at Clyde in Sydney and it will leave the city without any oil refineries…