International

China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, the top economic planner said. The country’s daily output of coal has maintained more than 12 million tonnes since late February, up 10 percent year on year, the National …

India’s Cairn Oil & Gas, a unit of Vedanta, will spend as much as $4 billion over the next three years to more than triple its production, as high prices attract more investments. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new …

A sharp increase in U.S. liquefied natural gas exports to alleviate a tight supply market in Europe has come under fire for its environmental effects. As a result, the boost in exports has slowed down, Reuters has reported, citing unnamed sources from Washington and the energy industry. Europe has become …

Goldman Sachs Group Inc.’s economists warned the probability of a U.S. recession in the next year may be as much as 35% as they cut their forecasts for growth due to the hit from soaring oil prices and other fallout from the war in Ukraine. Economists led by Jan Hatzius …

The National Iranian Oil Company (NIOC) voices the country’s readiness to supply oil to the global market “at a maximum level,” saying Iran’s potential return to the market could effectively help stabilize soaring crude prices. NIOC Managing Director Mohsen Khojasteh-Mehr told IRNA on Friday that the new Iranian administration has …

As Germany closes its last nuclear reactors, it is also reactivating old coal power plants to ensure electricity supply security amid Russian threats to turn off the gas tap. Germany’s attempt to simultaneously phase out nuclear and coal power just got significantly more complicated. Once envisaged as a transition fuel …

China on Wednesday defied the US move to ban imports of oil and other energy products from Russia, reiterating its opposition to “unilateral sanctions.” “China and Russia have always maintained sound energy cooperation relations and the two will continue to carry out normal trade cooperation including oil and gas in …

The US government has imposed a ban on crude oil imports from Russia in the light of its invasion of Ukraine. After a close consultation with allies and partners around the world, US President Joe Biden ordered import ban on Russian crude oil and certain petroleum products, LNG, and coal …

Officials from the Organization of the Petroleum Exporting Countries (OPEC) met US shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday, March 7, as energy prices soared over supply concerns. It was at least the fourth time since 2017 that US shale oil producers …

The Netherlands is working with Germany on a new terminal for liquefied natural gas (LNG) near Hamburg. Finance Minister Sigrid Kaag said she hopes the terminal will help secure the European gas supply, among other things. A letter of intent about the collaboration between the two countries was signed on …