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Iraq’s oil production may be impacted by a recent agreement to pay for Iranian gas imports through a barter deal involving fuel oil and crude oil from Baghdad, according to a state oil marketing company SOMO source. Iraqi Prime Minister Muhammad al-Sudani announced the deal to solve difficulties in paying …

Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more …

Energy firms in Germany are spinning off their coal operations to appease ESG pressures from banks and investors, with several operators already separating the dirty coal business from renewable power generation. However, the spin-offs could only raise emissions if the owners of the coal assets continue to operate them, analysts …

The European Union is asking European aluminum and zinc manufacturers whether they can produce key chip metals gallium and germanium as byproducts in their smelters as it seeks alternatives after China imposed export restrictions. Last week, China sent shockwaves through the supply chain and chip markets after announcing export controls …

Russia could deliver on at least part of its pledge to reduce oil exports next month as its western ports are planned to ship up to 200,000 barrels per day (bpd) lower crude volumes in August compared to July, Reuters reported exclusively on Friday, quoting sources with knowledge of the …

Wind and solar power generation will continue surging to the point of accounting for more than one-third of global electricity by 2030, up from 12% now, according to a new analysis by the Rocky Mountain Institute (RMI), a nonprofit organization focused on the energy transition. The expected further surge in …

The second meeting of the Interdepartmental working group on the development of hydrogen energy was held in Turkmenistan under the leadership of Deputy Minister of Foreign Affairs Berdyniyaz Myatiev, Trend reports. According to the official source of Turkmenistan, during the meeting, the participants considered a set of priority tasks, in …

The International Energy Agency has revised down its forecast for oil demand growth this year, due to “persistent macroeconomic headwinds”, but it still expects global consumption to reach a record 102.1m bbl/day. The Paris-based intergovernmental organisation estimated global oil demand would grow by 2.2m bbl/day in 2023, down from its …

Kyrgyzstan remains among the five countries in the world with the lowest prices for liquefied petroleum gas (LPG) as of mid-2023, Trend reports. According to the Global Petrol Prices, the average price of LPG in Kyrgyzstan was $0.34 per liter from March 27, 2023, through July 3. The prices remained …

The International Atomic Energy Agency (IAEA) does not have the competence to advise Japan on where to dispose of wastewater from the Fukushima Daiichi nuclear power plant, IAEA Director General Rafael Mariano Grossi said on Tuesday. On a visit to the Cook Islands, where he briefed the Pacific Island Forum …