International

The energy crisis in Germany risks becoming more severe in the coming days as wind power generation will dip amid low wind speeds this week, according to a Bloomberg weather model. Wind power generation is set to be lower than usual through the first week of July, posing yet another …

Chinese regulators have released an action plan on boosting industrial energy efficiency, detailing major targets and tasks to optimize the energy structure as the country takes steady steps to spur green transformation. By 2025, China aims to achieve a comprehensive improvement in the energy efficiency of major industrial sectors, a …

Germany is in talks with Canada over options to export liquefied natural gas (LNG) to Europe via a terminal on Canada’s east coast, a German government official told Reuters yesterday. German Chancellor Olaf Scholz discussed the issue with Canadian Prime Minister Justin Trudeau on the sidelines of the summit held …

OPEC+ is slimming down its projections for an oil market surplus this year, according to a report seen by Reuters. The report, which was prepared ahead of the OPEC+ JTC meeting that will take place on Tuesday, showed that the OPEC+ group now sees the oil market surplus at 1 …

Goldman Sachs continues to be very bullish on energy and believes that the upside risk in crude oil and refined products “is tremendously high right now,” Jeffrey Currie, global head of commodities research at Goldman Sachs, told CNBC’s Squawk Box on Monday. The recent pullback in oil prices could be …

In a rare joint letter, the heads of France’s three largest energy companies have urged the French to use less energy in anticipation of even worse supply. “We need to work collectively to reduce our consumption in order to regain room to manoeuvre,” the chief executives of TotalEnergies, EDF, and …

Saudi Arabia’s Finance Minister has called on the Organization of the Petroleum Exporting Countries to fund more green transformation projects, in the wake of oil giant Aramco pushing ahead with solar and wind energy developments. Speaking at the ministerial meeting of the OPEC Fund for International Development in Austria, Mohammed …

China’s first intelligent factory for the production of offshore gas and oil extraction equipment was put into operation on Sunday, marking a breakthrough in pivoting the industry to intellectual manufacturing. Covering an area of about 575,000 square meters, the factory has three intelligent production centers, seven auxiliary workshops and eight …

Pakistan ranks 29th among the countries holding natural gas reserves. This was revealed in the findings of a gas monitor report presented by Dr Amanullah Mahar, Director Center for Environmental Sciences, University of Sindh, Jamshoro. He said total extractable potential is reported around 24 TCFT, however, 4 billion cubic feet …

Deep Sea No. 1, China’s independently developed, ultra-deepwater gas field, has produced more than 2 billion cubic meters of natural gas by Saturday since it was put into operation one year ago, its operator China National Offshore Oil Corporation (CNOOC) said on Saturday, the Xinhua News Agency reported. The gas …