Russian oil and gas condensate output rose to 10.72 million barrels per day (bpd) in September, the highest level since the 11.34 million bpd pumped in April 2020, Reuters calculations based on an Interfax report showed on Saturday. Total oil and gas condensate production was 43.86 million tonnes last month, …

Oil prices rose on Friday as traders await a key meeting by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, Trend reports citing Xinhua. The West Texas Intermediate for November delivery added 85 cents to settle at 75.88 U.S. dollars a barrel on the …

Organisation of the Petroleum Exporting Countries (OPEC) said the proven crude oil reserves in the bloc’s member countries increased by 0.3 per cent to 1.237 billion barrels at the end of 2020, following a firm increase its previous year. At the end of 2020, world proven natural gas reserves fell …

Oil prices were volatile on Thursday, but keen to return to their upward path despite an unexpected build in US crude oil inventories as the world countries are bracing themselves for a post-pandemic energy crisis. International benchmark Brent crude was trading at $77.92 per barrel at 0701GMT for a 0.21% …

It’s not just extra natural gas that Europe’s struggling energy markets are finding tough to get from Russia. Power producers in the continent are being forced to ask Russia for more coal to ease an energy crunch with winter approaching and record-high gas prices denting profitability, according to officials at …

Non-member of the Organisation of Petroleum Exporting Countries or OPEC+ is likely to stick to a deal to add 400,000 barrels per day (bpd) to its output for November when it meets next week, sources said, despite oil hitting a three-year high above $80 a barrel and pressure from consumers …

Air pollution from industries in Europe causes health and environmental damage estimated at up to €430 billion for a single year, the European Environment Agency (EEA) said Wednesday (29 September). In 2017, industrial air pollution cost society between €277 billion and €433 billion, according to a new report from the …

China’s electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent’s drive towards zero emissions. Nio Inc, among a small group of challengers, launches its ES8 electric SUV in Oslo on Thursday (30 September) – the …

PJSC Lukoil agreed to acquire a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from bp. The SWAP project area, south of the Absheron peninsula, lies in water depths up to 40 m. In 2016, a 3D seismic …

Chinese President Xi Jinping recently announced at the UN General Assembly that China “will not build new coal-fired power projects abroad.” Chinese banks have already swung into gear. Three days after Xi’s speech, the Bank of China declared it would no longer provide financing for new coal mining and power …