News in Numbers

The UN Climate Change Conference (COP29) set a global finance target of $300bn per year to support developing nations in addressing the impacts of climate change.

Norway’s total oil and gas investments are now at $22.9bn (Nkr256bn) for 2025, an all-time high, having surpassed the previous record of $20.4bn set in 2014.

Shell has reported adjusted earnings of $6.02bn in Q3 2024, down 3.1% from $6.22bn during the same period in 2023, with revenue also slipping slightly.

China Energy Investment will begin the construction of a $24bn facility to turn coal into oil products and provide feedstocks to the nation’s petrochemicals industry.

The Energy Information Administration has said global oil demand is expected to grow by 1.2 million barrels per day (mbbl/d), a fall of 300,000 barrels per day (bpd) compared with previous forecasts.