Friday, September 5, 2025
Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says- oil and gas 360

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

Reuters LONDON – Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study here published on Tuesday. In its annual flagship report, the International Renewable Energy Agency underscored the scale and pace of change

Oil demand drag takes toll on tankers, U.S. refiners- oil and gas 360

Oil demand drag takes toll on tankers, U.S. refiners

Reuters LONDON/NEW YORK  – U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources say. The global rollout of coronavirus vaccines and the expectation that government-offered stimulus packages will boost the world economy has raised expectations

Oil drops 2% as COVID-19 vaccine halt threatens demand- oil and gas 360

Oil drops 2% as COVID-19 vaccine halt threatens demand

Reuters NEW YORK – Oil prices fell for a third day on Tuesday, as moves by Germany, France and other European states suspended the use of a major coronavirus vaccine, which threatens the recovery of fuel demand. Brent was down $1.10, or 1.6%, to $67.78 a barrel by 10:58 a.m. EDT (1458 GMT). U.S. crude fell $1.26, or 1.9%, to