The energy crunch in China has some obvious winners, with coal and liquefied natural gas (LNG) prices surging to record highs, but the outlook for other commodities is more mixed and dependent on how the crisis plays out. China’s officials have been scrambling in recent days to ensure that the …

The Organisation of Petroleum Exporting Countries (OPEC), saw a sharp decline in its global crude export in 2020, following disruptions occasioned by the COVID-19 pandemic. According to available data, OPEC member countries exported an average of 19.70 million barrels a day, mb/d of crude oil in 2020, a sharp decrease …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said Iran has set a goal to meet 50 percent of the country’s demand for 10,000-16,000 MW of electricity by building new [nuclear] power plants with a combined capacity of 8,000 MW. Eslami made the remarks in an exclusive …

Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese shipbuilder, as demand for the fuel booms. State energy firm Qatar Petroleum said Sunday the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp. …

Energy prices are soaring around the world as the global economy’s rebound from the COVID-19 pandemic strains with decrease of supplies ahead of a predicted long winter in the Northern Hemisphere. This increase is particularly high in Europe, where gas prices are trading near record levels. Not only households are …

Azerbaijan can boost natural gas exports to Europe but needs to secure new sales contracts first, said President Ilham Aliyev. If talks started now, Azerbaijan would be ready to increase exports as soon as next winter, Aliyev said in an interview with Spain’s EFE news service, the text of which …

The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale producers aren’t investing enough to raise output quickly, according to the world’s largest independent …

Petrodollars are once again flowing in for Saudi Arabia. The kingdom is earning more money from oil exports than at any time since 2018, as the global economic recovery and OPEC+ production cuts boost prices. The producers’ cartel meets on Monday and has signaled it will continue with a gradual …

Germany’s economics and energy ministry has published an ordinance for the allocation of areas for the production of green hydrogen in Germany’s exclusive economic zone (EEZ) in the North Sea. The rule that entered into force today in practice creates the opportunity to test H2 output from offshore wind power. …

The Turkish and Russian heads of state discussed establishment of two more nuclear power plants in Turkey in addition to one that is already being built in the country’s South. The conversation arose between Recep Tayyip Erdogan and Vladimir Putin in the Russian resort city of Sochi on Wednesday, Kremlin …