Parvin Faghfouri Azar

Oil Rally Likely to Continue on Strong US Demand

Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally driven by strong demand in the US, the world’s biggest consumer of oil and its products. Brent crude was up 13c or 0.2% at $86.12 a barrel by 0427 4.27am GMT, after gaining 0.5% …

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EU Holds Emergency Meeting on Energy in Luxembourg

European Union energy ministers are set for another spat over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little room for immediate action. At an emergency meeting in Luxembourg on Tuesday, the ministers will discuss how the EU could …

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QatarEnergy Farms into Exploration Block Offshore Canada

QatarEnergy has signed an agreement with ExxonMobil to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada, it said on October 24. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to the agreement, QatarEnergy will …

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Russian Gas Complies with European Climatic Requirements

Russian natural gas supplied to Europe has the minimal carbon footprint and meets all EU climatic requirements, Deputy CEO of the Russian gas holding Elena Burmistrova said in an interview with the Gazprom’s corporate magazine. The European Union has recently announced plans to introduce the carbon duty in 2026 at …

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