International

The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that some of those analysts are adding the …

Sonatrach intends to invest more than $30 billion in the exploration and production of hydrocarbons, in particular natural gas to improve the supply of the world market, said the CEO of the group, Toufik Hakkar. “As part of Sonatrach’s five-year investment plan (2023-2027) the order of $40 billion, more than …

China has seen steady increases in a variety of energy resources in 2022 as the country stepped up efforts to ensure energy security against a volatile global market. The following is the output of the world’s largest energy consumer’s fossil fuel as well as clean energy in 2022: China produced …

With physical markets expected to tighten further on the back of supply constraints and stronger global demand, energy prices might see further upside, benefiting Qatar – one of the largest global exporters of liquefied natural gas. Middle East’s leading bank QNB expects prices to be well supported in a range …

Azerbaijan has been enjoying a huge boost in revenues from its oil and gas exports, thanks to a deal it made with the European Union last year amid Russia’s invasion of Ukraine and the resulting sanctions. According to the latest data from Azerbaijan’s State Customs Committee, the country earned $33.6 …

Europe’s imports of diesel and gasoil from the United States is on track to reach a two-year high this month, data from Vortexa shows. In December, Europe’s U.S. loadings for diesel and gasoil reached 660,000t, according to Vortexa data cited by Argus. It was the highest amount headed to Europe …

China is snapping up cargoes of crude that would normally head to Europe, spooking the continent’s physical oil traders who’ve just seen imports from Russia all but halt at a time when local demand is rising. The world’s largest oil importer already bought 5 million barrels of mostly-Kazakh crude for …

Despite being a huge manufacturing country – the biggest in the world, in fact – until recently, China has not been on the radar when it comes to car manufacturing. Chinese automakers have never gained global attention for their high-quality petrol or diesel cars, with other U.S., European or Asian …

U.S. Natural gas prices had rebounded by nearly 4% as of midday Wednesday after five consecutive days of sell-off when it became clear that predictions of a supply squeeze were wrong. Henry Hub natural gas futures were trading at $4.145 at 1.38 p.m. EST, up nearly 4% on the day, …

Changqing oilfield, China’s largest oil-and-gas field, produced over 65 million tons of oil equivalent (TOE) of crude oil and natural gas in 2022, setting a new record for output in China’s domestic oil and gas fields, the company said. Changqing oilfield built an oil and gas production capacity of over …