The hunt for natural gas is spreading to Asia’s developing economies, with India and Indonesia adding to the global demand pressure. Indian Oil Corp. and Gujarat State Petroleum Corp. have recently bought spot cargoes of liquefied natural gas after being absent from the market for months, according to traders. Indonesia …

Explaining the 24th OPEC Plus Ministerial Meeting, the Iranian oil minister stated that the member countries are ready to take responsibility for the fast and reliable supply of oil whenever the market and consumers need it. After the end of the 24th OPEC and non-OPEC Ministerial Meeting on Tuesday, Javad …

The Organization of the Petroleum Exporting Countries (OPEC) has appointed Haitham Al-Ghais of Kuwait as its Secretary General with effect from August 1, 2022, for a period of three years. The decision was taken as a special conference of OPEC under the chairmanship of its President, Bruno Jean-Richard Itoua, Congo’s …

Oil held gains in early Asian trading after OPEC and its allies agreed to a scheduled increase in production for next month, and an industry report pointed to another decline in US crude inventories. Futures in New York traded near $77 a barrel after rising 2.4 per cent over the …

The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data …

The Russian gas pipeline Nord Stream 2 may not pass the EU certification procedure, said Russian Deputy Foreign Minister Alexander Pankin, reports RIA Novosti. According to him, the certification process may last many months until the summer of 2022. At the same time, the U.S. may impose new sanctions which …

Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the same for nuclear power projects. Germany pulled the plug on three of its last six nuclear power stations on Friday …

OPEC chose veteran Kuwaiti oil executive Haitham al-Ghais to become the organization’s top diplomat, as the group and its allies navigate a delicate recovery from the pandemic. Al-Ghais – a multilingual technocrat whose three-decade oil industry career includes stints in Beijing and London – will become Secretary-General in August, taking …

Under the pessimistic scenario Ukraine may face gas import problems during this heating season and will have to siphon off Russian gas from the transit pipeline, the former head of the Naftogaz company, Andrey Kobolev, has said. “Ukraine is unable to do without considerable amounts imported gas in the first …

The U.S. was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December due largely to a jump in exports from the Sabine Pass and …