Political News & Social Views

Tag: Oil

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy only days after a fractious meeting of the producers’ club.

The triumph of oil

Take Norway. It leads the world in the adoption of electric cars, installation of heat pumps and also electricity – 98 per cent of which comes from hydro and other renewables. In those senses it is the country that our government wants us to be. Yet last month the Norwegian government approved an $18 billion investment programme by the state oil company to develop 19 new oil and gas fields.