Iran’s LPG exports are set to stay near two-year peaks of around 500,000 mt in July and August, meeting China’s voracious appetite for cheaper petrochemical feedstock given the increase in the number of its propane dehydrogenation plants, trade sources said. The high volumes, which some sources estimate could exceed 500,000 …

The United Arab Emirates sold its third shipment of blue ammonia to Japan, as the oil producer looks to build a hydrogen industry as it plans for the transition of global energy. Abu Dhabi National Oil Co. (ADNOC) will send its cargo to INPEX Corp. for use in power generation …

Solar power supply in the European Union during June and July rose to a record high in 2021, accounting for 10% of total electricity produced in the region, a report by independent climate think-tank Ember said on Wednesday (18 August). The 27 countries in the bloc generated nearly 39 terawatt …

The United States will see its total natural gas exports exceed imports by a significantly larger margin this year compared to 2020, thanks to surging liquefied natural gas (LNG) exports and continued growth in pipeline exports to Mexico, the Energy Information Administration (EIA) said on Monday. This year, U.S. natural …

Dhahran-based petroleum and natural gas company Saudi Aramco is reportedly targeting to raise at least $17bn from its stake sale in gas pipelines. The deal amount could be higher than the $12.4bn the company received in the oil pipeline transaction, sources familiar with the matter told Reuters. North American private …

The global natural gas market is tightening with demand recovering this year as many countries led by China are seeing their economic life rebound following the pandemic. The global liquefied natural gas (LNG) demand growth this year has been driven primarily by China, Francisco Blanch, commodity and derivatives strategist at …

Russia is on course to smash its current monthly oil and condensate production record of 11.5M barrels per day (b/d), set in December 2018. The underlying factors are the OPEC+ coalition’s recent agreement to steadily raise oil production and new sources of Russian crude oil, reported oil analyst and consultancy …

The UK Department of Business, Energy & Industrial Strategy (BEIS) launched August 17 the national hydrogen strategy. The UK is hosting the COP26 climate conference in Glasgow in November and the government is keen to show what it is doing to reach its net zero carbon goal. BEIS said the …

OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months despite US pressure to add more crude to arrest an oil price rise, four sources told Reuters. “I don’t think there is a need (for extra oil …

Russian oil company Lukoil on Monday announced that it has started drilling the first exploration well at Block 12, in Mexico, at a depth of 207 meters. ‘After drilling, the geological and geophysical data will be analyzed to make a decision on further exploration at Block 12,’ the company stated …