Burning Crude Oil

Between 2016 and 2021, the amount of emissions needed to produce one coin grew from less than a tonne to 113 tonnes.

In Russia, one of the world's top producers, the industry is considering resorting to burning its oil to take it off the market

After half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many market participants suspect it is not just a cyclical phenomenon, but also a product of more permanent structural changes.

Between 2016 and 2021, the amount of emissions needed to produce one coin grew from less than a tonne to 113 tonnes.

In Russia, one of the world's top producers, the industry is considering resorting to burning its oil to take it off the market

After half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many market participants suspect it is not just a cyclical phenomenon, but also a product of more permanent structural changes.