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U.S. Imports of Latin America Oil Soar as Refiners Replace Russian Barrels
U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, as buyers began replacing Russian supplies.
- Categories
- Energy
- Region
- Latin America
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Analysis: Only Eight Years Left to Reset Priorities for a Climate-Safe Future
Despite many countries announcing more ambitious political commitments to net-zero, the policies and actions announced to date fall woefully short of achieving 1.5°C. We must rapidly increase the transition to renewable energy if we’re to avert climate catastrophe
- Categories
- Environment
- Region
- Global
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The Ukraine War Could Hit Africa Harder Than the Pandemic
The IMF report urges African governments to address the local impact of the war, balance inflation and growth, and manage exchange-rate adjustments.
- Categories
- Agriculture, Coronavirus, Energy
- Region
- Sub-Saharan Africa
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Money Pouring Into Fossil Fuels Risks Climate Disaster, UN Report Warns
As the world fails to meet targets to curb climate change, over half of the 150 biggest financial institutions have no restrictions on financing oil and gas.
- Categories
- Energy, Environment
- Region
- Global
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Analysis: Europe’s Phase-Out of Russian Energy Over the Ukraine Crisis Could Mean Opportunity for African Countries
Suppliers such as the underdeveloped frontier energy markets of Africa may find new energy sector investors in Europe who can no longer rely on Russian natural gas, which has long been their dominant source.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Analysis: What Does Russia’s Invasion of Ukraine Mean for Energy and Climate Change?
With gas prices already at extremely high levels, the attack on Ukraine has prompted widespread debate over how to respond – and fears that climate action could be relegated to an afterthought by world leaders.
- Categories
- Energy, Environment
- Region
- Global
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Analysis: Ukraine Crisis Could Boost Ballooning Fossil Fuel Subsidies
Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change.
- Categories
- Energy, Environment
- Region
- Europe & Eurasia
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Shell Follows BP Out of Russia as Oil Companies Abandon Putin
The West is promising “massive” sanctions on Moscow in response to Russia’s invasion of Ukraine.
- Categories
- Energy
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