What looks like ‘forever war’ in Middle East raises fears that the world oil stocks are not big enough to weather another six months of conflict
The head of Saudi Aramco believes the world has lost 2.6 billion barrels of oil since the start of the war, making it the largest supply disruption ever in cumulative terms apart from the 1979 Iranian revolution, according to Reuters calculations. That amounts to a massive 25 days of global consumption based on pre-war global oil demand of 103 million barrels per day.
Meeting convened by IEA and Kenya secures Africa $900m for expansion of access to clean cooking technologies
Clean cooking refers to the use of low-emission fuels and technologies, such as ethanol, biogas and electricity, instead of traditional fuels like charcoal and firewood. The transition reduces harmful household air pollution and improves health outcomes for millions of African households.
As delegates gather in Addis Ababa for Africa Climate Summit, electricity to millions ranks top
The World Bank estimates that Central and West Africa have some of the world’s lowest electrification rates. In West Africa, where 220 million people have no electricity, the electrification rate is as low as 8 per cent.
