Around $7 trillion in global investments in natural gas supply are necessary to ensure enough gas and avoid supply crunches through 2050, according to the Institute of Energy Economics, Japan (IEEJ). As countries look to cut emissions and shift to gas from coal, these investments will have to go to …
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India’s government is expected to reject demands from Russian oil companies to pay for Russia’s crude oil imports in Chinese yuan, Indian officials told Bloomberg on Friday. Russia and its companies need Chinese currency as Russian trade has become much more reliant on China after Putin’s invasion of Ukraine and …
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Oil prices experienced a decline towards the end of the week following the release of two American detainees by Hamas in Gaza, raising hopes that the Israeli-Palestinian crisis might not escalate further, averting potential disruptions in oil supplies across the Middle East. Brent crude futures dipped by 22 cents, or …
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China’s upstream giant PetroChina has brought on stream the country’s largest onshore gas condensate field, Bozidabei, in northwestern China’s Tarim basin. The production start-up marks a major milestone in China’s pursuit of energy security. Covering 13,000 square kilometres in the southern part of Xinjiang, the field includes a gas processing …
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The Renewables MMI (Monthly Metals Index) saw a welcome boost month-on-month, rising 6.27%. Grain-oriented electrical steel, silicon, and neodymium were the main factors that increased the index, while the lithium-ion battery market remains a point of contention. In the case of silicon, futures initially rose back in June due to …
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Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region. Brent crude futures advanced $1.69, or 1.9 per cent, to $91.59 a barrel at 0347 GMT. West …
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Shipping rates for transporting Russian crude have surged since last week after the U.S. took a tougher stance on sanctions for vessels carrying Russia’s oil above the G7 price cap, traders have told Reuters. Last week, the United States took a tougher stance on the Western sanctions against Russia. The …
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Shell Plc will buy more liquefied natural gas from Qatar and supply the commodity to the Netherlands under a long-term deal, marking the Gulf nation’s second major contract with a European oil firm this month. Starting in 2026, QatarEnergy will deliver as much as 3.5 million tons of LNG to …
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The ban on gas and diesel vehicles is officially making its way across the globe, with Stockholm the next city in the queue. The Swedish capital now has a plan in place to ban gas and diesel cars in part of the city beginning in 2025, according to Bloomberg. The …
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The ADX-listed ADNOC Gas has landed a multi-year LNG supply contract valued between $500 million to $700 million from Jera Global Markets of Japan. The deal obviously builds on Japan’s higher offtake of its energy requirements from the UAE. In fact, ADNOC Gas has had ties with Jera Co. – …
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