Top News

Europe’s Gas Crisis isn’t over despite Full Storage

A year ago, European politicians declared the gas crisis from the near-complete halt of Russian supplies was over. The EU had turned to alternative natural gas suppliers, assuring there would be enough to prevent shortages and steep prices. These assurances now appear premature. Last week, European benchmark gas prices hit …

Read More »

Natural Gas Transmission Exceeds 130 bcm in H1

Gas transmission through Iran’s natural gas network reached 133 billion cubic meters (bcm) in the first six months of the current Iranian calendar year (March 20-September 21), Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced. Khazraei said 74 percent of the overhaul plans and development goals of the …

Read More »

Saudi Arabia may Cut December Oil Prices for Asia

Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in Middle East benchmark Dubai, trade sources said. Price cuts for Saudi oil would signal weak demand and provide more evidence for the Organization of the Petroleum Exporting …

Read More »

EU Reports Record Drop in Emissions as RE Surges

Earth-warming emissions by European Union economies fell by an aggregate 8.3 percent in 2023 compared to 2022, helped by growth in renewable power production, the European Commission reported Thursday. Last year marks the second-biggest annual drop in EU greenhouse gas emissions in decades, after 2020, when the coronavirus pandemic drove …

Read More »

Oil Traders Uncertain as OPEC+ Weighs December Surprise

Oil traders can’t seem to agree on where OPEC+ will steer production next, and it’s anyone’s guess if the cartel’s December hike is still on the table. OPEC+ has touted plans for a boost, but the group’s go-to mantra—adjusting output based on market ‘realities’—is giving traders pause. According to a …

Read More »