The value of Iran’s non-oil export to Iraq fell 22 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same quarter in the previous year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi said that Iran …

The European oil market just received another supply shock ahead of the looming EU embargo on seaborne Russian oil imports. A Russian court has ordered the closure of a key Russian Black Sea export route, through which most of Kazakhstan’s crude oil passes to Europe. The Russian court ruling further …

In June, the European Union imported more liquefied natural gas from the United States than pipeline gas from Russia for the first time ever. The unprecedented shift came as the EU scrambled to fill up its gas storage facilities ahead of the next heating season in fear Russia could turn …

Russian gas giant Gazprom reduced its daily gas supplies by a third Italian energy giant Eni reported after the Nord Stream 1 pipeline in Germany entered its first day of maintenance. Instead of supplying about 32 million cubic metres (bcm), the Russian company delivered only 21 million cubic metres on …

The re-emergence of the Covid pandemic in China continued to play a significant role in the price movements of crude oil . At 10.03 am on Tuesday, September Brent oil futures were at $105.61, down by 1.31 per cent, and August crude oil futures on WTI were at $102.41, down …

A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency. “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director …

The supply of Russian natural gas to Greece remains normal, Greek government spokesman Ioannis Oikonomou told a briefing on Monday, adding that the suspension of deliveries via the Nord Stream gas pipeline due to scheduled maintenance had no effect whatsoever. Asked whether natural gas supply to Greece is sufficient in …

Iraq’s Electricity Minister Adel Karim has said that Baghdad has paid for all unpaid bills to Iran, and from now on, it will pay for imported gas monthly. The Iraqi electricity minister said, “Recently, $1.649 billion were paid to Tehran for gas debts, and Baghdad does not have any unpaid …

The German Federal Network Agency informed about termination of gas pumping over the Nord Stream pipeline. “The Nord Stream is serviced by Gazprom since today. Therefore, gas flows over the Nord Stream are currently equal to 0%,” the German regulator said on Monday in its gas supply report. Pipeline maintenance …

India’s oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by the world’s third largest oil consumer, data provided by trade sources showed. Indian refiners have been snapping up Russian oil sold at hefty …