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. …

Japan’s natural gas industry is making controversial claims about the fuel to make it more appealing to climate-conscious buyers. Tokyo-based Inpex Corp. this month said it sold two “carbon neutral” liquefied natural gas shipments to Shizuoka Gas Co. and Toho Gas Co., offsetting the fuel’s lifetime emissions using credits from …

Iran’s Representative at International Organizations in Vienna Kazzem Qaribabadi said that his country has increased security measures at its nuclear installations, adding that the UN nuclear watchdog inspectors have been used to them gradually. “Security measures at the nuclear facilities in Iran are, reasonably, tightened,” Qaribabadi wrote on his twitter …

Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline. “The Federal Network Agency of Germany announced today that Nord Stream 2 AG has submitted all …

When it comes to pricing its crude, Iraq’s tried and tested approach has long been to closely follow whatever Saudi Arabia does. Next month, Baghdad is deviating from that path — posing an intriguing question as to why — by announcing sharp cuts, writes Bloomberg oil strategist Julian Lee. Iraq …

Consumers should have been enjoying “solid gains” in production as the Organization of Petroleum Exporting Countries and its allies continued their revival of idle capacity, the agency said in its monthly report. Instead, global supply fell by 540,000 barrels a day in August due to unexpected disruptions and will be …

Russia’s crude oil and condensate output jumped in the first weeks of September as some of the nation’s key producers ramped up in line with the OPEC+ deal and Gazprom PJSC recovered from a fire at a facility in West Siberia. The nation pumped an average of 1,456.9 thousand tons …

Chevron plans to spend $10 billion through 2028 to expand its lower carbon businesses, including increasing output of renewable diesel and sustainable aviation fuel first in markets with strong policy support for renewable fuels, CEO Mike Wirth said Sept. 14. Chevron will leverage its existing infrastructure, assets and markets to …

The completion of the Nord Stream 2, an undersea natural gas pipeline in the Baltic Sea that will greatly improve Russia’s capacity to transport gas to Germany, continued to drive up share prices of some Chinese energy companies on Tuesday, as some analysts said that companies investing in the Yamal …