Oil Archives https://www.climatechangenews.com/tag/oil/ Climate change news, analysis, commentary, video and podcasts focused on developments in global climate politics Wed, 15 Apr 2026 16:12:11 +0000 en-GB hourly 1 https://www.climatechangenews.com/wp-content/files/2025/02/cropped-site-icon-120x120.png Oil Archives https://www.climatechangenews.com/tag/oil/ 32 32 IEA slashes pre-war oil demand forecast by nearly a million barrels per day https://www.climatechangenews.com/2026/04/15/iea-slashes-pre-war-oil-demand-forecast-by-nearly-a-million-barrels-per-day/ https://www.climatechangenews.com/2026/04/15/iea-slashes-pre-war-oil-demand-forecast-by-nearly-a-million-barrels-per-day/#respond Wed, 15 Apr 2026 13:49:52 +0000 https://www.climatechangenews.com/?p=84801 As the Iran war upends global energy markets, governments and consumers are cutting back – potentially locking in demand reductions that could lower the outlook for planet-heating emissions

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Major oil producers among 46 nations joining fossil fuel phase-out summit https://www.climatechangenews.com/2026/03/31/major-oil-producers-among-46-nations-joining-fossil-fuel-phase-out-summit/ https://www.climatechangenews.com/2026/03/31/major-oil-producers-among-46-nations-joining-fossil-fuel-phase-out-summit/#respond Tue, 31 Mar 2026 16:19:31 +0000 https://www.climatechangenews.com/?p=84308 Canada, Australia, Brazil and Norway are set to attend the Santa Marta summit, but the world’s biggest fossil fuel producers are missing from the list

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Gas flaring soars in Niger Delta post-Shell, afflicting communities   https://www.climatechangenews.com/2026/02/05/gas-flaring-soars-in-niger-delta-post-shell-afflicting-communities/ https://www.climatechangenews.com/2026/02/05/gas-flaring-soars-in-niger-delta-post-shell-afflicting-communities/#respond Thu, 05 Feb 2026 05:59:00 +0000 https://www.climatechangenews.com/?p=82490 Since the multinational sold its assets in Nigeria’s oil hub, data analysis for Climate Home News shows flaring has risen, harming locals and the climate

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For blighted Niger Delta communities, oil spill clean-ups are another broken promise https://www.climatechangenews.com/2025/12/01/for-blighted-niger-delta-communities-oil-spill-clean-ups-are-another-broken-promise/ https://www.climatechangenews.com/2025/12/01/for-blighted-niger-delta-communities-oil-spill-clean-ups-are-another-broken-promise/#respond Mon, 01 Dec 2025 14:13:58 +0000 https://www.climatechangenews.com/?p=80181 Many local people are disappointed by efforts to repair the devastation left by foreign oil firms even as the Nigerian government plans to restart drilling

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EU advises DR Congo against oil drilling in “Green Corridor” https://www.climatechangenews.com/2025/08/08/eu-advises-dr-congo-against-oil-drilling-in-green-corridor/ https://www.climatechangenews.com/2025/08/08/eu-advises-dr-congo-against-oil-drilling-in-green-corridor/#respond Fri, 08 Aug 2025 13:54:03 +0000 https://www.climatechangenews.com/?p=73757 The DRC has opened bids for drilling rights in oil blocks cutting across half of the country and most of the EU-backed green corridor, raising fears of forest destruction

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Brazilian activists vow to fight Amazon oil auction in court, hail ‘partial victory’ over unsold blocks https://www.climatechangenews.com/2025/06/25/brazilian-activists-vow-fight-amazon-oil-auction-court-hail-partial-victor-unsold-blocks/ https://www.climatechangenews.com/2025/06/25/brazilian-activists-vow-fight-amazon-oil-auction-court-hail-partial-victor-unsold-blocks/#respond Tue, 24 Jun 2025 23:14:51 +0000 https://www.climatechangenews.com/?p=72113 Brazil has faced criticism over last week’s auction of exploration blocks just months before it hosts COP30 talks focused on shifting away from fossil fuels

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African banks back oil export pipeline despite climate commitments https://www.climatechangenews.com/2025/03/28/african-banks-back-oil-export-pipeline-despite-climate-commitments/ https://www.climatechangenews.com/2025/03/28/african-banks-back-oil-export-pipeline-despite-climate-commitments/#respond Fri, 28 Mar 2025 15:57:01 +0000 https://www.climatechangenews.com/?p=69292 Lenders including Afreximbank are backing Uganda's EACOP project, while publicly talking up their support for a just energy transition.

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‘Historic milestone’: Ecuador nears vote to keep Amazon oil in the ground https://www.climatechangenews.com/2023/07/10/oil-amazon-vote-referendum-yasuni-fossil-fuels-ecuador/ Mon, 10 Jul 2023 16:20:37 +0000 https://climatechangenews.com/?p=48833 Experts consulted by Climate Home News suggested the vote will define Ecuador's economic model for the future.

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Regulator blocks Brazilian oil drilling, sparking conflict within government https://www.climatechangenews.com/2023/05/19/regulator-blocks-brazilian-oil-drilling-sparking-conflict-within-government/ Fri, 19 May 2023 13:33:17 +0000 https://www.climatechangenews.com/?p=48571 While President Lula's environment minister Marina Silva supported the decision, Lula ally Randolfe Rodrigues vowed to oppose it

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Argentina secures funding boost to kickstart gas exports from ‘carbon bomb’ https://www.climatechangenews.com/2023/03/16/argentina-secures-funding-boost-to-kickstart-carbon-bomb-exports-gas-oil/ Thu, 16 Mar 2023 10:13:10 +0000 https://climatechangenews.com/?p=48217 President Alberto Fernández is seeking funding for an export pipeline that would channel Vaca Muerta's gas to neighbouring countries

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Study: IPCC asks emerging countries to drop coal faster than rich nations did https://www.climatechangenews.com/2023/02/15/study-ipcc-asks-emerging-countries-to-drop-coal-faster-than-rich-nations-did/ Wed, 15 Feb 2023 18:49:48 +0000 https://www.climatechangenews.com/?p=48047 A new study has found that most energy transition models ask nations like China, India and South Africa to cut coal use twice as fast as developed countries ever did.

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US proposes up to 11 new offshore oil leases, under industry pressure https://www.climatechangenews.com/2022/07/04/us-proposes-up-to-eleven-new-offshore-oil-leases-under-industry-pressure/ Mon, 04 Jul 2022 16:23:31 +0000 https://www.climatechangenews.com/?p=46747 The Biden administration is consulting on scaled-back oil development in federal waters, after a judge warned against a total ban

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Mexico’s oil gets even dirtier as flaring continues to soar https://www.climatechangenews.com/2022/05/09/mexicos-oil-gets-even-dirtier-as-flaring-continues-to-soar/ Mon, 09 May 2022 15:31:38 +0000 https://www.climatechangenews.com/?p=46365 Since president Andrés Manuel Lopez-Obrador was elected in 2018, oil companies have burned more and more gas as a byproduct

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Canadian government ducks fight with oil and gas industry https://www.climatechangenews.com/2022/03/31/canadian-government-ducks-fight-with-oil-and-gas-industry/ Thu, 31 Mar 2022 10:50:08 +0000 https://www.climatechangenews.com/?p=46182 The Trudeau Administration is delaying delivery of a promised cap on emissions from the fossil fuel sector, insisting there is no need to curb production

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Oil and SUVs: Why Canada’s emissions have risen since Trudeau took office https://www.climatechangenews.com/2021/09/16/oil-suvs-canadas-emissions-risen-since-trudeau-took-office/ Thu, 16 Sep 2021 11:19:36 +0000 https://www.climatechangenews.com/?p=44830 Justin Trudeau's climate compromise allowed the oil sector to grow, driving emissions up before his carbon price could bite

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India’s biggest oil refiner to invest $10bn in clean energy ‘gigafactories’ https://www.climatechangenews.com/2021/06/25/indias-biggest-oil-refiner-invest-10bn-clean-energy-gigafactories/ Fri, 25 Jun 2021 15:26:04 +0000 https://www.climatechangenews.com/?p=44344 Reliance Industries plans to mass produce solar panels, renewable hydrogen, fuel cells and batteries in Jamnagar, alongside the world’s largest oil refinery

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Oil pipeline inspection industry ‘going wrong’ as surveys fail to prevent spills https://www.climatechangenews.com/2018/08/07/oil-pipeline-inspection-industry-going-wrong-surveys-fail-prevent-spills/ Tue, 07 Aug 2018 13:17:19 +0000 http://www.climatechangenews.com/?p=37038 Three separate companies inspected the San Pablo Bay pipeline for faults during a series of spills that dumped 900 barrels of crude onto farmland in California

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Tullow oil project in drought-hit part of Kenya suspended https://www.climatechangenews.com/2017/06/30/tullow-oil-project-drought-hit-part-kenya-suspended/ Fri, 30 Jun 2017 11:21:14 +0000 http://www.climatechangenews.com/?p=34226 Energy minister announces hold on Canadian-British firm's plan to export oil from the unstable, drought-ravaged region of Turkana

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China, India swoop on first barrels of Kenyan oil https://www.climatechangenews.com/2017/05/02/china-india-swoop-first-barrels-kenyan-oil/ Tue, 02 May 2017 12:13:01 +0000 http://www.climatechangenews.com/?p=33735 In a remote region, riven by years of drought and conflict, the prospect of new oil is attracting attention from oil-hungry economies in Asia

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Trump to approve Keystone XL, Dakota pipelines – report https://www.climatechangenews.com/2017/01/24/trump-to-approve-keystone-xl-dakota-pipelines-report/ https://www.climatechangenews.com/2017/01/24/trump-to-approve-keystone-xl-dakota-pipelines-report/#respond Tue, 24 Jan 2017 15:11:36 +0000 http://www.climatechangenews.com/?p=32913 Trump will reportedly approve two highly controversial oil pipelines as old environmental battle lines are redrawn in the US

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Six bits of crucial context for Trudeau tar sands “gaffe” https://www.climatechangenews.com/2017/01/17/six-bits-of-crucial-context-for-trudeau-tar-sands-gaffe/ https://www.climatechangenews.com/2017/01/17/six-bits-of-crucial-context-for-trudeau-tar-sands-gaffe/#respond Tue, 17 Jan 2017 20:06:59 +0000 http://www.climatechangenews.com/?p=32808 Right wingers went spare when Canada's prime minister said tar sands need to be phased out. Here's why they're being disingenuous

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Statoil chief: rise of electric cars will shrink oil industry https://www.climatechangenews.com/2016/10/19/statoil-chief-rise-of-electric-cars-will-shrink-oil-industry/ https://www.climatechangenews.com/2016/10/19/statoil-chief-rise-of-electric-cars-will-shrink-oil-industry/#comments Wed, 19 Oct 2016 09:36:33 +0000 http://www.climatechangenews.com/?p=31663 Once regarded as a joke, the electric car sector is growing fast with some predicting it could take a 35% share of car sales by 2035 - bad news for oil majors

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Fossil fuel subsidies to hit $5.3 trillion in 2015, says IMF study https://www.climatechangenews.com/2015/05/18/fossil-fuel-subsidies-to-hit-5-3-trillion-in-2015-says-imf/ https://www.climatechangenews.com/2015/05/18/fossil-fuel-subsidies-to-hit-5-3-trillion-in-2015-says-imf/#comments Mon, 18 May 2015 16:41:21 +0000 http://www.rtcc.org/?p=22401 NEWS: Governments could cut 20% of global greenhouse gas emissions at a stroke if they stopped subsidising oil, gas and coal

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Leading oil producers commit to slash gas flaring emissions https://www.climatechangenews.com/2015/04/29/leading-oil-producers-commit-to-slash-gas-flaring-emissions/ https://www.climatechangenews.com/2015/04/29/leading-oil-producers-commit-to-slash-gas-flaring-emissions/#respond Wed, 29 Apr 2015 13:02:06 +0000 http://www.rtcc.org/?p=22091 NEWS: New initiative to stop gas being flared off from oil production sites could prevent release millions of tonnes of emissions

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Gulf states facing social and economic crisis as oil revenues crash https://www.climatechangenews.com/2015/02/19/gulf-states-facing-social-and-economic-crisis-as-oil-revenues-crash/ https://www.climatechangenews.com/2015/02/19/gulf-states-facing-social-and-economic-crisis-as-oil-revenues-crash/#comments Thu, 19 Feb 2015 01:00:55 +0000 http://www.rtcc.org/?p=21150 NEWS: Declining oil revenues and young populations could land Middle East leaders with growing headache, says study

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China climate policy hits oil demand growth forecast https://www.climatechangenews.com/2015/02/10/china-climate-policy-hits-oil-demand-growth-forecast/ https://www.climatechangenews.com/2015/02/10/china-climate-policy-hits-oil-demand-growth-forecast/#respond Tue, 10 Feb 2015 01:00:24 +0000 http://www.rtcc.org/?p=20960 NEWS: The International Energy Agency predicts a slowdown in oil consumption as emerging economies start to green their growth

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Arctic still profitable despite $50 oil – Statoil https://www.climatechangenews.com/2015/01/23/arctic-still-profitable-despite-50-oil-statoil/ https://www.climatechangenews.com/2015/01/23/arctic-still-profitable-despite-50-oil-statoil/#comments Fri, 23 Jan 2015 16:44:12 +0000 http://www.rtcc.org/?p=20769 NEWS: Norwegian oil major rebuts notion that Greenland withdrawal is evidence of "carbon bubble"

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Gulf states will let oil price fall further, say ministers https://www.climatechangenews.com/2014/12/23/gulf-states-will-let-oil-price-fall-further-say-ministers/ https://www.climatechangenews.com/2014/12/23/gulf-states-will-let-oil-price-fall-further-say-ministers/#comments Tue, 23 Dec 2014 18:01:32 +0000 http://www.rtcc.org/?p=20311 NEWS: Saudi refusal to cut oil production could drive prices lower and make tar sands, deepwater and shale projects unviable

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Oil price crash proves renewables are future – UN climate chief https://www.climatechangenews.com/2014/12/02/oil-price-crash-prove-renewables-are-future-says-un-climate-chief/ https://www.climatechangenews.com/2014/12/02/oil-price-crash-prove-renewables-are-future-says-un-climate-chief/#comments Tue, 02 Dec 2014 02:00:40 +0000 http://www.rtcc.org/?p=19972 NEWS: Volatility of crude prices demonstrates need to target energy system with free fuel, argues Christiana Figueres

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Oilfield expansion unsustainable amid tumbling prices – OPEC https://www.climatechangenews.com/2014/11/27/oilfield-expansion-unsustainable-amid-tumbling-prices-opec/ https://www.climatechangenews.com/2014/11/27/oilfield-expansion-unsustainable-amid-tumbling-prices-opec/#respond Thu, 27 Nov 2014 15:12:52 +0000 http://www.rtcc.org/?p=19922 NEWS: OPEC president warns new oilfields could be unsustainable as prices fall to 4-year low, while activists target Exxon Mobil

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Oil tanker trains threaten to trash US northwest https://www.climatechangenews.com/2014/10/29/oil-tanker-trains-threaten-to-trash-us-northwest/ https://www.climatechangenews.com/2014/10/29/oil-tanker-trains-threaten-to-trash-us-northwest/#respond Wed, 29 Oct 2014 12:10:14 +0000 http://www.rtcc.org/?p=19386 NEWS: America’s expanding oil production threatens the pristine region of the country with a rash of new oil terminals along coast

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Shell prepares for 2015 Arctic drilling https://www.climatechangenews.com/2014/08/29/shell-prepares-for-2015-arctic-drilling/ https://www.climatechangenews.com/2014/08/29/shell-prepares-for-2015-arctic-drilling/#comments Fri, 29 Aug 2014 10:03:58 +0000 http://www.rtcc.org/?p=18268 NEWS: Shell could drill in fragile environment next year, despite failure to deal with tar sands pollution

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Oil majors gambling US$91bn on 20 high-risk projects https://www.climatechangenews.com/2014/08/15/oil-majors-gambling-us91bn-on-20-high-risk-projects/ https://www.climatechangenews.com/2014/08/15/oil-majors-gambling-us91bn-on-20-high-risk-projects/#respond Fri, 15 Aug 2014 00:01:44 +0000 http://www.rtcc.org/?p=18072 NEWS: Tar sands and deep sea oil projects are bad for business as well as the environment, analysts warn

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Should the arts reject money from oil companies? https://www.climatechangenews.com/2014/07/15/should-the-arts-reject-money-from-oil-companies/ https://www.climatechangenews.com/2014/07/15/should-the-arts-reject-money-from-oil-companies/#comments Tue, 15 Jul 2014 09:59:43 +0000 http://www.rtcc.org/?p=17626 COMMENT: As churches and universities divest from fossil fuels, it's time for the cultural industries to follow suit

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Exxon Mobil dismisses climate change risks to future growth https://www.climatechangenews.com/2014/04/01/exxon-mobil-dismisses-climate-change-risks-to-future-growth/ https://www.climatechangenews.com/2014/04/01/exxon-mobil-dismisses-climate-change-risks-to-future-growth/#respond Tue, 01 Apr 2014 11:23:48 +0000 http://www.rtcc.org/?p=16284 NEWS: Fossil fuel giant says 'stranded assets' are not a risk to the company, as the world needs all its oil

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Canada tar sands set to benefit from EU 2030 climate plan https://www.climatechangenews.com/2014/01/23/canadas-tar-sands-to-raise-eus-co2-if-key-law-dropped/ https://www.climatechangenews.com/2014/01/23/canadas-tar-sands-to-raise-eus-co2-if-key-law-dropped/#comments Thu, 23 Jan 2014 18:02:39 +0000 http://www.rtcc.org/?p=15285 EU proposal to drop curbs on imported fuels could boost CO2 emissions from transport by 32 megatonnes

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US committed to cutting fossil fuel use despite shale oil boom https://www.climatechangenews.com/2014/01/20/us-committed-to-cutting-fossil-fuels-use-despite-shale-oil-boom/ https://www.climatechangenews.com/2014/01/20/us-committed-to-cutting-fossil-fuels-use-despite-shale-oil-boom/#comments Mon, 20 Jan 2014 10:19:02 +0000 http://www.rtcc.org/?p=15180 US energy secretary Ernest Moniz promises new age of innovation in energy efficiency

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Lord Browne: Fracking will not bring down energy bills https://www.climatechangenews.com/2013/11/29/lord-browne-fracking-will-not-bring-down-energy-bills/ https://www.climatechangenews.com/2013/11/29/lord-browne-fracking-will-not-bring-down-energy-bills/#respond Fri, 29 Nov 2013 09:29:29 +0000 http://www.rtcc.org/?p=14454 Friday's top 5: Lord Browne says fracking will not decrease energy bills, China to raise coal threshold, Oil drilling in Pechora Sea to begin in 2014, Australian bushfires linked to Indian Ocean temperature increase, Big six told to hold price increase

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Shell hopes Arctic drilling will resume in 2014 https://www.climatechangenews.com/2013/11/01/shell-hopes-arctic-drilling-will-resume-in-2014/ https://www.climatechangenews.com/2013/11/01/shell-hopes-arctic-drilling-will-resume-in-2014/#respond Fri, 01 Nov 2013 14:42:11 +0000 http://www.rtcc.org/?p=13842 Shell hopes Arctic drilling will resume in Chukchi Sea next year, after setbacks caused programme to be suspended this summer

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Ecuador abandons Yasuni initiative to stop Amazon drilling https://www.climatechangenews.com/2013/08/16/ecuador-abandons-yasuni-initiative-to-stop-amazon-drilling/ https://www.climatechangenews.com/2013/08/16/ecuador-abandons-yasuni-initiative-to-stop-amazon-drilling/#respond Fri, 16 Aug 2013 08:01:04 +0000 http://www.rtcc.org/?p=12480 Morning summar: Ecuador had sought US$3.6 billion in contributions to maintain a moratorium on drilling, but claims it has only received US$13 million in donations

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