Key oil market indicators are flashing signs of weakness in Asia as China’s Covid Zero policy continues to weigh on the demand outlook. The discount of Dubai swaps to global benchmark Brent has widened since the start of the month, while the prompt Dubai time spread recently narrowed to the …

Half of German companies have recently been unable to realize their investment plans, which they intended to do, due to the energy crisis, and 39% of them were forced to completely withdraw from some markets. According to the Welt am Sonntag newspaper, these figures were revealed as a result of …

The 16th meeting of Iran-Russia Joint Economic Committee will be held in Russia during October 29-November 1. Iranian Oil Minister Javad Oji and Russian Deputy Prime Minister Alexander Novak will co-chair the meeting. Under the joint economic committee meeting, 19 working groups have been defined, which include a diverse range …

President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets. In a two-hour speech to kick off the weeklong Communist Party Congress, …

Union Petroleum and Urban Affairs Minister Hardeep S Puri on Friday assured that the Indian petroleum industry was at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030. Interacting with the media at the inaugural event of the South …

The European Union’s planned package to curb surging natural-gas prices must avert an increase in the use of the fuel amid an unprecedented supply crunch, EU energy chief Kadri Simson said. The European Commission is due to propose a set of measures Tuesday to alleviate the impact of Russia’s cuts …

French President Emmanuel Macron on Saturday promised to follow up French energy giant Total’s oil and gas exploration in Lebanon to ensure its continuous work, a statement by Lebanon’s Presidency reported. “You can count on Total’s commitments; I will follow up on the matter,” Macron said in a phone call …

European countries are buying gas at sky-high prices and scrambling to curb energy use to avoid fuel shortages this winter, but early weather forecasts point to the risk of a cold snap that could temporarily hike demand. Surging European gas and power prices as the result of reduced Russian supplies …

At the Energy Week conference in Russia, Ahmad Asadzadeh emphasized the need to upgrade infrastructure for the development of interactions in the energy sector in the Eurasian region, and by mentioning some examples in the railway and port infrastructure sector, he pointed out the necessity of developing these sectors. He …

NATO said on Friday it would launch its annual nuclear exercise “Steadfast Noon” on Monday. NATO said on Friday it would kick off its annual nuclear exercise “Steadfast Noon” on Monday, with up to 60 aircraft taking part in training flights over Belgium, the North Sea and Britain to practice …