Over the past week, multiple stories have appeared in the media with headline phrases like “The U.S. is refilling the Strategic Petroleum Reserves.” However, this is misleading at best. To recap, the SPR is maintained by the U.S. Department of Energy, and its oil stocks are stored in huge underground salt caverns at four sites along the coastline of...

Chinese refiners processed lower crude volumes in April due to maintenance, while apparent oil demand in the world’s top importer of the commodity fell for the first time on an annual basis since the end of 2022. Chinese government data showed on Friday that crude processing rates fell by nearly 4% year-over-year to 14.36 million barrels per day (bpd)...

According to the World Health Organization, air pollution is responsible for 7 million deaths annually, and could cost the global economy between $18–25 trillion by 2060 in annual welfare costs, or roughly 4–6% of world GDP. And with predictions that 7 in 10 people will make their homes in urban centers by mid-century, cities are fast becoming one of...

In a few countries around the globe, governments are using an innovative method to warm buildings using body heat. The long-talked-about idea is finally becoming a reality, but it is not yet widely used. A resting male can generate between 100 and 120 watts of energy, most of which is lost as excess heat. However, capturing this heat for other applications...

A new catalyst made from an inexpensive, abundant metal and common table sugar has the power to remake carbon dioxide (CO2) gas into carbon monoxide (CO).In a just released Northwestern University study, the new catalyst successfully converted CO2 into CO, an important building block to produce a variety of useful chemicals. When the reaction occurs...

Oil demand will rise further in the medium term, according to Rystad Energy research and modeling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and industrial services. Rystad Energy’s latest Oil Macro Scenarios report explains how the 13 sectors that rely on...