International

In 2021, an average 35.5 billion ft3/d of natural gas was consumed in China, more natural gas than in any previous year. More than half of the natural gas consumed in China in 2021 came from domestic production, but China also imported record amounts of natural gas by pipeline and …

Despite lots of talk about renewable energy acceleration, coal continues to dominate some markets. China is steadily increasing its coal output, while Indonesia looks to export to new European buyers. And while lots of countries are imposing sanctions on Russian coal, India is now backing up its cheap Russian oil …

The technical and engineering staff of the Iraqi Drilling Company (IDC) have completed the drilling of an oil well in the Al-Gharraf field, with a depth of 3,389 meters. IDC’s General Manager, Basem Abdul Karim, said that this oil well is the thirteenth the company completed with the Malaysian Petronas …

According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have increased by six vessels from last week, with Henry Hub prices also going up. In the latest Short-Term Energy Outlook report for the week between 14 April and 20 April, EIA says 26 vessels departed the United …

The National Oil Corporation (NOC) said on Wednesday, that Libya is currently losing more than 550,000 barrels per day of oil production due to the closures imposed on major export fields and ports, Reuters reported. The closures carried out by individuals who present themselves as youth groups or notables in …

Seaborne flows of Russian crude oil declined by a quarter in the seven days to April 15. Volumes heading to Asia from ports on the Black Sea, Baltic and Arctic coasts plunged to the lowest in two months. A total of 30 tankers loaded about 21.8 million barrels from Russian …

U.S. Shale production in the seven most prolific shale basins is set to increase 132,000 bpd in May to 8.649 million bpd, according to the Energy Information Administration’s latest Drilling Productivity Report published on Monday. It would be the largest monthly production increase since March 2020, according to EIA data. …

Arab economies are expected to grow by 5% in 2022, supported by the increase in oil production and its prices in international markets and the continuation of stimulus packages to support economic recovery, said the Arab Monetary Fund (AMF) in a new report. In 2023, the growth of Arab countries …

The price of some Middle Eastern oil has climbed after buyers snapped up cheap cargoes as calm returned to Asia’s physical market. The spot differential for cargoes of Abu Dhabi’s Murban crude scheduled to be loaded in June increased more than $1 a barrel in less than a week, according …

The U.S. government, under pressure to lower gas prices, announced on April 15 that it will resume the sale of leases for oil and gas drilling on federal lands while imposing new conditions, including the first hike in royalties in more than 100 years. Shortly after coming to office in …