Parvin Faghfouri Azar

IEA: Europe must Slash Gas Demand Now before Hard Winter

Europe needs to drastically slash natural gas consumption in the next few months to prepare for what is likely to be “a long, hard winter,” the head of the International Energy Agency said. While the European Union has made some progress diversifying away from key supplier Russia, any shipments from …

Read More »

China’s Crude Oil Output Up 4% in 1H

China’s crude oil output saw a steady expansion, rising four percent year-on-year in the first six months, official data showed. The growth was bolstered by increased oil and gas production. Relevant enterprises continue to intensify oil and gas exploration and development, effectively promoting the production and stability of crude oil …

Read More »

OPEC+ to Assess Oil Market, Take Necessary Steps

Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would continue to assess market conditions and act as necessary. “There was no oil discussion at the summit,” Prince Faisal told a news conference, adding …

Read More »