Russia’s invasion of Ukraine earned the communist country countless sanctions from different several states. In retaliation, President Vladimir Putin cuts the gas supply in answer to the Russian sanctions imposed by “unfriendly countries.” Europe is suffering more damage due to Russia sanctions imposed by the US and other countries due …

OPEC+ oil output in June is almost 3 million barrels per day (bpd) less than its target, as some countries failed to comply with the output target. The level of underproduction by OPEC+ jumped to 320% in June from 256% in May and 220% a month earlier, Russian Interfax news …

U.S. crude oil imports from Iraq averaged 165,000 oil barrels per day (bpd) last week, the Energy Information Administration (EIA) revealed. According to the report, last week’s oil imports from Iraq amounted to 454,000 barrels (165,000 bpd). Iraq followed the United States’ top crude oil suppliers, Canada (3.308 million bpd), …

Deputy Head of the Atomic Energy Organization of Iran (AEOI) Pejman Shirmardi has said about 90 percent of the equipment in the field of nuclear technology has been domestically produced which is the result of the efforts by the Iranian scientists. Shirmardi stated on Saturday that approval of the Strategic …

European politicians have been scouring their neighbourhood to find new gas supplies to replace those threatened by Russia. They have secured some promises in their tour that took them from Azerbaijan via the Gulf to Egypt and Israel. They have visited Algeria too, but Africa’s largest country and biggest gas …

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia. “Today, Gazprom suspended its gas supplies to Latvia… due to violations of the conditions” of purchase, the company said on …

Russian Sakhalin Energy Investments Co is asking the buyers of its liquefied natural gas to pay for it via the Moscow branch of an international bank, Reuters has reported, citing unnamed sources. The source added that the Russian company was also in talks to change the currency, in which the …

The number of total active drilling rigs in the United States rose by 9 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 767 this week—279 rigs higher than the rig count this time in 2021. Oil rigs in the United …

Türkiye has become the primary market for Azerbaijan’s non-oil export, accounting for almost one-third of the oil-rich Caspian country’s non-oil products sold overseas. According to the results of the first five months of 2022, the share of Türkiye in the total non-oil exports of Azerbaijan settled at 32.8 percent, according …

Iran exported non-oil products valued at $2.264 billion to the United Arab Emirates (UAE) in the first four months of the current Iranian calendar year (March 21-July 22), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA). Based on the IRICA data, the UAE was …