The company that served as the developer of the Keystone XL oil pipeline from Canada to the United States is seeking compensation of $15 billion for the cancellation of the project by the U.S. government.
At the beginning of autumn, Russia took over from the United States first place among world oil producers, according to data from Rosstata, the Russian Federal State Statistics Service.
From January to October 2021, the trans-shipment of coal in European ports rose by 18 % (to 104.6 million tonnes) compared to the same period of 2020, according to data from Refinitiv. Sea shipments from Russia climbed even more sharply – by 30 % (up to 39.7 million tonnes).
Mining cryptocurrencies has in recent years become such a mass phenomenon that it now has a noticeable affect on energy and geopolitics.
The United States has reached an agreement with China, India, Japan, South Korea and Great Britain to release strategic reserves of oil to stabilise the situation on markets.