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Norway will struggle to cut dependence on oil and gas

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NORWAY

Norway’s importance as Western Europe’s only significant hydrocarbons exporter has increased in the wake of Russia’s war in Ukraine. Its contribution might be good for Europe’s…

AI global surge creates environmental paradox

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INT

This creates a paradox, since, while AI-generated solutions are crucial to help solve the climate emergency, their very deployment is also adding to the problem. To tackle this…

Russia will use CIS partners to conclude more FTAs

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CIS

Unprecedented Western sanctions have pushed Russia to seek new bilateral free trade agreements (FTAs). Moscow is moving fast to create a wide network of agreements with emerging…

Marine fuel fraud will resist preventive remedies

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INTERNATIONAL

The world fleet includes some 55,000 vessels of over 1,000 gross tons. Most of their business is conducted in 50 major ports, but another 1,150 can receive vessels of that size…

Seized Western assets will go to Kremlin allies

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RUSSIA

This follows the transfer of the assets of energy companies Uniper and Fortum three months earlier. Temporary management is likely to end in eventual nationalisation, and a…

Carbon capture and storage will surge in the 2030s

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INT

However, the projects currently in operation, construction or in advanced or early development do not put the world on track to meet the 2030 targets that are essential for…

Energy spending plans signpost more market volatility

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INTERNATIONAL

In advanced economies, despite progress on the green transition, insulation from fossil fuel market volatility remains a distant prospect. Limited clean energy investment in the…

Higher oil prices are not benefiting African exporters

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AFRICA

African oil output has fallen in recent years, hitting government revenues, external balances and credit ratings. Meanwhile, debt servicing costs have risen. With investors more…

Tripling renewable power scale by 2030 is unfeasible

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INT

This means increasing wind and solar capacity more than threefold. Although solar photovoltaics (PV) could exceed expectations, wind power is unlikely to expand fast enough. As…

Oil price moves have limited impact on wider inflation

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INTERNATIONAL

In reality, the oil price has less influence on inflationary trends and expectations today than in earlier decades, partly because central banks have greater credibility and…