U.S. commercial petroleum stocks are falling well below seasonal averages, and it could push oil prices higher
Around 30 oil and gas facilities across the Permian Basin in Texas and New Mexico spewed large amounts of methane for three years, emitting the equivalent annual climate pollution from half a million cars, according to a report released on Monday. The facilities, which include well pads, pipelines, compressor stations and processing facilities, were observed as "persistently" emitting large volumes of methane over the three years of aerial surveys done by the Environmental Defense Fund and research group Carbon Mapper. Carbon Mapper is a non-profit organization backed by philanthropists including Michael Bloomberg that uses technology to see and measure emissions at the scale of individual facilities.
As the energy crisis worsened, Kwasi Kwarteng was criticised for “crossing his fingers” for mild weather, after reportedly using relatively balmy forecasts to try and ease fears over soaring gas prices.