Iran’s LPG exports are projected at around 6 million mt in 2022, with China poised to remain the main buyer, and the volume could be higher if the US lifted sanctions imposed by former President Trump on the country’s energy sector since 2018, sources familiar with the matter said. “The …

China added a record amount of offshore wind last year as the country added massive amounts of renewable energy to help meet climate goals. The country now has the largest fleet of offshore wind turbines in the world after adding 16.9 gigawatts in 2021, state-owned CCTV reported, citing National Energy …

The European Union could cope with a short term halt to all Russian gas imports but doing so would have “profound economic consequences” and require emergency measures to curb demand, according to analysis by the think tank Bruegel. Escalating tensions between the West and Russia over Ukraine have raised concerns …

US oil may retest a resistance at $87.86 per barrel, a break above which could lead to a gain to $89.45. The rise on Wednesday confirmed an extension of the uptrend, which is riding on a wave 5. Based on the length of the wave 1, the wave 5 may …

On Tuesday, Biden press secretary Jen Psaki told reporters that the Biden administration was “working to identify additional volumes of gas” for Europe from North Africa, the Middle East, Asia and the United States in the event of a drop in Russian supplies amid the Ukraine crisis. Qatar has little …

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the world’s top oil exporter targets to develop more stand-alone natural gas fields, the U.S. Energy Information Administration (EIA) said on Tuesday. Being …

The continual decline in production cost for wind, solar, and EV batteries was touted as the driver of their growing adoption and ultimate takeover of the global grid. Up until two years ago, there was no other scenario on the table—even though inflation was as much a reality then as …

Iran Newspaper reported on Wednesday, quoting head of the Islamic Republic of Iran Customs Administration (IRICA) Alireza Moghadasi, that new statistics of Iran’s foreign trade show that Iran’s non-oil exports in the beginning 10 months of the current Iranian calendar year (starting on 20 March 2021) reached $38.763 billion. According …

Oil and gas flows aren’t likely to be significantly impacted from the tensions building in Ukraine, according to Goldman Sachs Group Inc. The bank’s base case is “no disruption,” Jeff Currie, Goldman’s global head of commodities research, said in a Bloomberg TV interview with Shery Ahn and Paul Allen. Sanctions …

Shell Plc will take key processing units offline, as part of major maintenance that’s due to start at Europe’s biggest oil refinery in the coming days. Work at Pernis in Rotterdam will include two so-called high-vacuum units, according to a person familiar with the plans. These produce feedstock for units …