Iranian fuel and petrochemical exports have boomed in recent years despite stringent U.S. sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if Washington lifts its curbs, trading sources and officials said. The United States imposed sanctions on Iran’s oil and gas industry in 2018 to …

Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday. He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format. “The Chinese market …

On Thursday, Libya’s National Oil Corporation (NOC) announced the resumption of export operations at the Es Sider and Ras Lanuf oil terminals, after several demonstrations. The NOC said in a statement that Chairman, Mustafa Sanalla held talks with local elders who had helped to end the protests. Protesters at those …

The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. From January to August, China imported 346.36 million tons of oil, which is 5.7% less …

Russian Energy Ministry is reportedly preparing a report on the possibility of natural gas export via the new Nord Stream 2 pipeline by Rosneft to Europe. The report is due to be completed in the coming days, Russian news agency Interfax reported citing Russian Deputy Prime Minister Alexander Novak. Following …

China will firmly control energy-hungry and high-emission projects, the National Development and Reform Commission said in a recently issued plan, according to a notice released on Thursday. The plan aims to improve China’s “dual control system” on energy consumption and energy intensity, or the amount of energy consumed per unit …

Saudi Arabia’s crude oil exports in July rose to their highest since January, the Joint Organization Data Initiative (JODI) said on Sepy. 16. The Kingdom’s crude oil exports rose to 6.327 million barrels per day (bpd) in July, up from 5.965 million bpd in June. Total exports including oil products …

Rising gas prices will force European countries to restrain their ambitions to phase out coal and fossil fuels, according to an expert on EU energy markets, Simonas Vileikis. “Underfilled storage facilities continue to push the price of gas higher. If the facilities are not refilled now, and the winter turns …

Fatih Birol, the head of the International Energy Agency (IEA), has been named one of the most influential 100 persons of 2021 by Time, a political magazine based in New York City, United States. Birol, 63, who has been the executive director of the agency since 2015, is the only …

China made headlines last week with the news that it was going to release some crude oil from its strategic petroleum reserve and sell it in a move that Bloomberg called “an unprecedented intervention.” Indeed, this was the first time China announced the sale of oil from its strategic reserve. …