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Tag Archives: energy

Is quitting fossil fuel a viable option?

COMMENT | Lamunu Petronilla |  Voices in favour of a complete shift to renewable energy have gained momentum all over the world. This has been precipitated by the low carbon emissions observed globally due to the stay-home decrees and decreased air and land travels imposed during the COVID-19 pandemic. Evidence points …

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World oil prices claw back ground after crash

Singapore, Singapore | AFP | Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day earlier after top exporter Saudi Arabia began a price war with Russia. West Texas Intermediate was trading up 6.1 percent at more than $33 a barrel while Brent crude …

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China virus threatens to hobble Gulf economies

Dubai, United Arab Emirates | AFP | The coronavirus crisis, which has already battered oil prices, threatens to further undercut Gulf economies battling a downturn and struggling to wean themselves from a decades-old energy addiction. The six Gulf states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates …

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