#Shell has lost a legal appeal in a South African🇿🇦 court that sought to overturn a judgment blocking an offshore #oil search opposed by environmental groups https://buff.ly/3V2Zwe2
Gas prices are lower, & will likely stay lower. Pres Biden perfectly timed the refilling of the Strategic Petroleum Res. Oil prices hit their lowest levels in months -boon to American markets & slowed US inflation even more.
In a surprise move, 8 producers led by KSA & RU laid out a detailed plan to gradually phase out 2.2M bpd of prod. cuts from Oct 2024 thru Sept 2025, meaning oil supply will start increasing in the fourth quarter of this year.
Asked if #FossilFuel companies “should be held legally accountable for their contributions to climate change”, 62% of voters said yes, suggesting majority support for existing civil lawsuits against #oil companies https://buff.ly/3VapbSi
Oil and Gas Course in Kerala | Kochi | Bangalore