The Permian has led U.S. shale production growth in recent months and will continue to do so in the coming months, but the oil price rally so far in 2022 has also driven increased drilling activity in other shale basins with higher breakeven prices. $90 oil is incentivizing more drilling …

The European Commission on Thursday raised its inflation expectations for this year, but is still expecting prices to move below the European Central Bank’s target of 2% in 2023. The Brussels-based institution said inflation will hit 3.5% this year from a November forecast of 2.2%. The debate over inflation in …

An unexpected drop in US crude inventories did little to boost oil prices, with investors focused on the outcome of US-Iran nuclear talks on Thursday, which could see more Iranian oil barrels on the market. International benchmark Brent crude was trading at $91.19 per barrel at 0615 GMT with a …

The underwater shield crossing project that passes through the Yangtze River of China-Russia Eastern Gas Pipeline is in full swing, which is the key project of the southern section of the China-Russia Eastern Gas Pipeline, with a total length of 10.226 kilometers, the longest tunnel under construction across the Yangtze …

Indian Oil Corp (IOC), the country’s top refiner, will increase crude purchases from Iraq by 11.5% in 2022 to 390,000 barrels per day (bpd), partly to make up for a shortfall from Mexico and a possible supply cut from Kuwait, two sources familiar with the matter said. Iraq is the …

About a tenth of the global oil and gas industry’s methane emissions have been found to come from a group of “ultra-emitter” sites located mostly in Turkmenistan, Russia and the US. Methane is a powerful greenhouse gas that governments recently agreed to slash by 2030, New Scientist reported. While huge …

Iranian scientists succeeded in breaking the US monopoly in producing electron accelerators, Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said. “A while ago I wrote about the important role of electron accelerators in this Instagram page and pointed to inspiring research and activities of nuclear scientists …

The head of the energy committee in the Kurdistan Region, Ali Hama Salih, confirmed that the region is planning to export gas to Turkey in 2025. Hama Salih said that the Region’s gas reserves are estimated at 5.7 trillion cubic meters, 85% of which are in six main fields distributed …

The Nord Stream 2 gas pipeline can ensure Germany’s leadership in the European economy for decades to come, and it is important for German Chancellor Olaf Scholz to maintain it, Valdai discussion club program director Timofey Bordachev told TASS. The expert drew attention to the joint press conference of Scholz …

The likely impact of Russia-Ukraine tensions on energy supplies has led Japan to consider diverting its liquefied natural gas (LNG) reserves to Europe. “Japan plans to provide part of its LNG reserves to Europe as simmering tensions between Russia and the West over Ukraine undermine energy security in the region,” …