International

Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy. Riyadh has grown increasingly frustrated with Russia, which apparently hasn’t kept its end of the deal and isn’t reducing oil production as pledged, complicating …

The world’s largest green hydrogen project — the 260MW Kuqa facility in Xinjiang, northwest China ¬— is to be commissioned at the end of May, with commercial operation scheduled to begin on 30 June, according to its developer, Chinese state-owned oil giant Sinopec. It will overtake the current world leader, …

Iraq has slipped one spot to the 14th position in the ranking of countries with the lowest petrol prices, the latest data from Global Petrol Prices, a prominent international resource tracking fuel costs, showed this weekend. The website’s May 2023 report revealed that Iraq’s descent was prompted by a slight …

Russia would prefer its partners of the OPEC+ group to leave oil production unchanged when it meets next week, as Moscow is okay with the current oil prices and production quotas, sources with knowledge of the Russian position told Reuters on Friday. OPEC+, which will hold a meeting on June …

Last year, Europe was in the grips of a gas crunch that sent the price of electricity—and everything produced with its participation—soaring. Then the crisis eased, thanks in no small part to the unusually mild winter as well as to record high U.S. LNG imports. Now, food prices are soaring. …

The Kurdistan Regional Government in northern Iraq has lost more than $1.5 billion since oil exports to Turkey were stopped, according to a report published on Tuesday by the US financial website Zero Hedge. Oil production in the region under KRG rule has continued to decline, extending a stoppage that …

Union minister for petroleum and natural gas Hardeep Singh Puri on Wednesday said that India will turn into as a major green hydrogen hub and exporter by 2040, catering to both domestic and global demand. Speaking at the CII Annual Session 2023, the minister said that the energy demand in …

Steel is a critical component of modern industry and economy, essential for the construction of buildings, automobiles, and many other appliances and infrastructure used in our daily lives. Visual Capitalist’s Niccolo Conte create this infographic, using data from the World Steel Association, to visualize the world’s top steel-producing countries, and …

The Council of Ministers of Bosnia and Herzegovina has agreed to begin negotiations on building a gas pipeline to ship gas from Russia, the head of Republika Srpska’s representative office in Russia told state news agency RIA in an interview published on Monday. RIA cited Dusko Perovic as saying: “The …

China continues to fill the technology gap left by the exit of western companies from Russia’s Arctic energy projects. For the past year Novatek has been looking to procure crucial gas turbines for its Arctic LNG 2 project. Originally American company Baker Hughes had been slated to provide the equipment …