Parvin Faghfouri Azar

U.S. Gas Production Set to Fall on Lack of Pipelines

U.S. natural gas production will decline by 5 percent by 2050, and consumption will shed 4 percent if no new interstate pipelines are built, the Energy Information Administration said in its latest Annual Energy Outlook. This, in turn, will lead to higher gas prices, the authority also said, and this …

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Accelerating Exploration for Greek Hydrocarbons

Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday. Greece has produced small quantities of oil in the past and has attempted to explore …

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Oil Climbs on Prospect of Fresh Russia Sanctions

Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1per cent, to $108.73 a barrel, …

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