International

Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage told Reuters on Monday after a call with senior executives at Gazprom. Last week, Germany said it had suspended the process of certification of the …

Saudi Aramco said it will continue to look for investment opportunities in India as it provides tremendous growth opportunities over the long term, Bloomberg reported. “We will continue to evaluate new and existing business opportunities with our potential partners,” the giant oil company said, adding that it has a long-term …

The Middle East is the historic heartland of the global oil and gas industry. The region holds almost half of the world’s proven hydrocarbon reserves and, in 2020, it produced nearly one-third of the world’s oil. But the world’s energy sector is changing fundamentally and the region’s position at the …

Japan is considering tapping into its national oil reserves, the country’s PM has confirmed, after Washington reportedly urged top oil consumers to release their reserves to tackle high crude prices. Speaking to reporters during his visit to the southern Japanese city of Matsuyama on Saturday, Prime Minister Fumio Kishida said …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States decreased to 42 thousand bpd. EIA stated in a report, “The United States oil exports recorded 5.442 bpd in the second week of November.” The top three source countries of U.S. import oil …

The Japanese government is considering to release crude oil reserves to curb the oil prices growth, Japan’s Kyodo news agency said on Saturday, citing sources. Previously, Japan resorted to this measure only in case of natural calamities or disruptions in overseas supplies caused by an unstable political situation. Consequently, the …

Saudi Arabia recently came under attack for allegedly trying to block negotiations on climate action, and it has been named among countries that have tried to downplay the urgency of such action. It is not the poster boy for net-zero ambitions. And yet, the Kingdom has some major ones in …

Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail stressed today the importance of attracting new investments, especially in projects that achieve sustainable development for Iraq and clean energy. The minister’s statement came during his participation in the ADIPEC exhibition in Abu Dhabi. Ismail said that the oil sector needs more investments, financing …

The Organization of the Petroleum Exporting Countries (OPEC) said the narrative that the energy transition is from oil and other fossil fuels to renewables is ‘misleading’ and ‘potentially dangerous’. That comes just a few hours after the announcement of the Glasgow Climate Pact that includes in its text a reference …

Abu Dhabi, United Arab Emirates, 16 November 2021–The Organization of the Petroleum Exporting Countries (OPEC) today held a special session to present the 15th edition of its World Oil Outlook (WOO), as part of the Organization’s participation at ADIPEC 2021 in Abu Dhabi, United Arab Emirates (UAE). Under the patronage …