A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide.
The emergence of the new Omicron variant has ended, at least for the moment, the surge in oil prices that has unfolded over the course of much of this year.
The U.S. government announced that it would release oil from the strategic petroleum reserve in coordination with a handful of other countries in an effort to tame oil prices.
After months of oil prices steadily climbing amid a tightening market, the worldwide rally may soon take a breather.
Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe.
The global spike in commodity prices has resulted in expensive gasoline, which is always a political headache for whichever political party is in power.
The pledges from the COP26 climate summit in Glasgow are coming in thick and fast, with new promises to transition to net-zero emissions and other commitments to cut financing for fossil fuels.
There’s no denying the salience of gasoline prices in domestic American politics.
OPEC+ will meet in the coming days to decide on next steps in regards to unwinding extraordinary production cuts. Meanwhile, in Glasgow, global leaders are trying to ratchet up the climate ambition.