The value of Iran’s non-oil trade with member states of the Shanghai Cooperation Organization (SCO) has increased by 31 percent in the first five months of the current Iranian calendar year (March 21-August 22), according to the spokesman of the Islamic Republic of Iran Customs Administration (IRICA). Ruhollah Latifi said …

The Energy Information Administration (EIA) Data showed that Iraq exported 222 bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 5.782 million bpd in the past week.” The top three source countries for U.S. import oil are Canada (3.538 million …

Russia’s gas giant Gazprom is set to rake in 85% higher revenues this year, to around $100 billion, as natural gas prices surged following the Russian invasion of Ukraine and the significant cut to Russian pipeline gas exports to Europe, an analyst told the Financial Times on Friday. By choking …

The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives markets, ECB President Christine Lagarde said on Friday. “As far as the ECB is concerned, and the national central banks of the Eurosystem, of …

Europe’s move to green hydrogen, a potential substitute for natural gas, is being held up by European Union proposals relating to its production, according to an industry group. A number of green hydrogen projects in Europe have already been put on hold or delayed by regulatory uncertainty, said Daryl Wilson, …

Germany’s energy crunch is forcing it to sign fossil-fuel contracts that last decades as the country balances keeping the lights on and homes heated against meeting environmental targets. Energy providers from Uniper SE to RWE AG have signed long-term agreements with liquefied natural gas suppliers, especially in the US, with …

Crude oil prices rose on Friday by 3% despite fears of a global recession which has pervaded the oil price narrative in recent weeks, weighing on prices. Friday’s price rise was precipitated not by bullish production or supply outages nor by any significant demand outlook increases. At 11:45 a.m. ET, …

The newest nuclear reactor in Europe, the Olkiluoto 3 plant unit (OL3), exceeded the landmark 1,000-megawatt power mark on Friday, easing the strain on Finland’s electricity grid, Bloomberg reports. The unit, which became earlier this week the single largest electricity generation unit in Finland by capacity when it was raised …

The link between energy production and water is of crucial importance and we need to value the latter resource far more going forward, according to the CEO of a leading gas infrastructure firm. The comments from Snam CEO Stefano Venier come at a time when the interconnection between water and …

State energy giants Gazprom and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural gas supplies to China, Gazprom said. The agreements were in addition to a February deal between them to increase gas supplies …