OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did not recover further while Gulf members maintained robust compliance with an OPEC+ deal on production cuts to support the market. The survey found that the Organization of the Petroleum Exporting …

Gazprom Kyrgyzstan has invested 30 billion soms in the restoration and modernization of the country’s gas industry for eight years. Deputy General Director of the company for Economy and Finance, Arzymat Aldayarov, announced at a press conference organized by 24.kg news agency. He recalled that in the past eight years, …

Russia’s ban on oil supplies to countries and companies that comply with a price cap imposed by the West came into effect on Wednesday. The decree, signed by President Vladimir Putin on Dec. 27, prohibits the supply of Russian crude oil and oil products “at all stages” if contracts directly …

Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how “$2 Trillion Of German Value Depends On $20 Billion Of Russian Gas” or, specifically, how Germany had applied some 100x leverage – much more than Lehman – on cheap commodities, and mostly Russian gas, to …

The Ames Laboratory at Iowa State University has announced a new hybrid catalyst that converts carbon dioxide into ethylene in one pot. The catalyst was developed by scientists from Ames National Laboratory, Iowa State University, University of Virginia, and Columbia University. This catalyst supports the world net-zero carbon initiative by …

Russia’s pipeline gas exports to Europe slumped to a new monthly record-low in January, falling by nearly 30% from December due to lower prices on the spot market, according to Reuters calculations. Russia’s gas giant Gazprom has seen exports to Europe decline since the Russian invasion of Ukraine last year …

European natural gas rose as forecasts showed the weather turning cooler than previously estimated next week. Futures for delivery in March rose as much as 11%. Some weather models are showing temperatures dropping again after a warm spell, potentially boosting demand for gas and forcing more withdrawals from fuller-than-normal storage …

Saudi Arabia will spend some $270 billion (1 trillion riyals) on low-carbon energy projects by 2030, energy minister Abdulaziz bin Salman said, adding the Kingdom will also invest in modernizing its grid. “We are determined to be the leading exporter of hydrogen, as well as to provide clean hydrogen for …

Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China. March Brent crude futures fell 5 cents to $84.85 per barrel by 0415 GMT, while the more heavily traded April contracts fell by 32 …

Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade. Analysis carried out by Wood Mackenzie shows the sector created at least $33 billion of value, and achieved full-cycle returns of 22%, at $60 …