Parvin Faghfouri Azar

EU Too Lax on Methane Venting from Coal Mines

Amendments to the EU’s draft methane regulation would allow coal mines to release additional greenhouse gases equivalent to the combined annual CO2 emissions of Belgium and Czechia, according to Ember, a clean energy think-tank. The analysis, published on Thursday (2 March), shows the latest revisions to the regulation will only …

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Increasing US Oil Exports Push Prices Higher

Oil finished a tumultuous session higher with record US exports slowing inventory builds, igniting crude market bulls even as persistent fears of higher interest rates dragged Wall Street lower. West Texas Intermediate settled at its highest in nine sessions, with the Energy Information Administration reporting that exports jumped 23%, slowing …

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Eni Closes on Two Major Algerian Gas Field Acquisitions

Eni has closed on the acquisition of BP business in Algeria, regarding the two gas-producing concessions “In Amenas” and “In Salah”, which are jointly operated with Sonatrach and Equinor. The transaction has been approved by the competent national and antitrust authorities. The operation was announced in early September, with the …

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U.S. Crude Oil Inventories Continue to Build

Crude oil inventories in the United States saw another significant increase, with a 6.203 million barrel increase last week, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this year to nearly 59 million barrels. This week, SPR inventory held steady …

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