Turkmenistan and Pakistan have reached an agreement on holding negotiations on the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in the near future, Trend reports. This was stated by the Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan, Rashid Meredov, at a regular meeting …
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Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. Brent crude futures gained 33 cents, or 0.4%, to $81.46 …
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hings have taken a bad turn for the Middle East. Asia, by far the largest demand hub for Saudi Arabia, Iraq or the United Arab Emirates, seems to be going through the same stage of weakness that Europe and the United States were in the spring. Not buying enough, depleting …
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Asia is on track to import this month the highest level of LNG since January as demand grows despite rising spot LNG prices in the region. Asia’s LNG imports are expected to stand at 24.85 million metric tons in July, the highest level in six months, and higher than the …
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The spokesman of Iran House of Industry, Mine and Trade said that the country’s export of non-oil commodities increased $1.350 billion in the first four months of this year 1403 in the Iranian calendar (started March 21, 2024). Iran exported $17.5 billion worth of non-oil goods from March 21 to …
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India’s imports of Iraqi crude oil plummeted in June to their lowest level since September 2020, industry data revealed this weekend. Indian refineries have been scaling back purchases from traditional Middle Eastern suppliers that raised prices earlier this year, the data showed. “Part of the reason is that they (Iraq) …
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Russia said today that there was no friction with OPEC+ due to Moscow exceeding crude production quotas and that the world’s second largest oil exporter would compensate for its overpumping, Reuters reports. Russia yesterday unexpectedly announced that its crude oil production in June exceeded quotas set by the OPEC+ group …
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Iraqi oil exports to the United States saw a decrease last week, according to the US Energy Information Administration (EIA) on Sunday. The EIA reported that the average US crude oil imports from eight key countries reached 5.974 million barrels per day (bpd) last week, down by 70,000 bpd from …
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The next U.S. president will have a very limited set of tools to materially boost oil supply in the United States, according to investment bank Goldman Sachs. Whoever wins the presidential election in November will have to contend with low stocks in the Strategic Petroleum Reserve (SPR). Moreover, any regulatory …
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Canada’s federal government plans to postpone the sale of the state-owned Trans Mountain oil pipeline for after the 2025 general election amid politics, regulations, and slow progress in talks with indigenous groups, Bloomberg reported on Friday, quoting officials with knowledge of the discussions within the cabinet. The Federal Government of …
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