The International Energy Agency has called on China and India to reduce coal power generation and put their climate pledges into action, describing both countries as “holding the key to future coal demand”. The world’s two largest coal producers – with economies that account for nearly three billion people combined …

Egypt is joining the Middle East’s push to adopt electric cars, tasking a state-owned company to build affordable vehicles with a Chinese firm while taking advantage of its renewable energy boom to power them. Authorities are in contact with three potential companies as they seek a partner for El Nasr …

US senators came to terms concerning consideration of the bill on sanctions against the Nord Stream 2 gas pipeline tabled by Senator Ted Cruz (Republican-Texas) and would vote on this initiative on January 14, 2022 at the latest. “The Senate reached an agreement that at a time to be determined …

Russian natural gas deliveries to Germany through the Yamal-Europe pipeline dropped sharply on Saturday, data from German network operator Gascade showed, adding pressure to an already tight European gas market as it heads into peak winter demand. It was not immediately clear why flows were down through the pipeline, one …

Iraqi drilling company has started boring a new oil well in the Maysan governorate in the south of Iraq, the State-owned company said in a press release on Saturday. The company said it deployed the 2,000 HP “IDC-23” drilling device to reach 3,290 meters depth in the new well named …

While TotalEnergies, Qatar Energy and Petronas won the rights to develop the coveted Sepia field, Brazil’s state-run Petrobras, formally Petroleo Brasileiro SA, later entered the consortium by exercising preference rights. Petrobras, Total and Shell secured the nearby Atapu field. The auction was widely seen as a test of Brazil’s investment …

The European natural gas benchmark prices tumbled by 15% early on Friday after Russia’s gas giant Gazprom booked last-minute capacity on a pipeline to ship extra gas to Germany via Poland in the coming days. The benchmark price for Europe at the Dutch Title Transfer Facility (TTF) has seen some …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s oil export to the United States dropped by 88% in the past week. EIA stated in a report, “U.S. imports oil 5.869 million bpd in the past week.” The top three source countries of U.S. import oil are Canada …

The value of Iran’s non-oil trade with its neighbors stood at $33 billion during the first eight months of the current Iranian calendar year (March 21-November 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi put the weight of non-oil trade with the neighboring …

Global coal-generated power demand is expected to hit record highs this year, threatening the world’s net-zero targets aimed at cutting greenhouse gas emissions, the International Energy Agency (IEA) said. Power generation from coal globally is expected to jump by 9 per cent in 2021 to an all-time high of 10,350 …