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Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures rose 13 cents, or 0.2 per cent, to $75.71 a barrel by 0850 …

The Council of Ministers of Bosnia and Herzegovina has agreed to begin negotiations on building a gas pipeline to ship gas from Russia, the head of Republika Srpska’s representative office in Russia told state news agency RIA in an interview published on Monday. RIA cited Dusko Perovic as saying: “The …

China continues to fill the technology gap left by the exit of western companies from Russia’s Arctic energy projects. For the past year Novatek has been looking to procure crucial gas turbines for its Arctic LNG 2 project. Originally American company Baker Hughes had been slated to provide the equipment …

The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said. “The state-run company’s exports reached 17 billion cubic meters in 2021 and 20 bcm in 2022,” Gholam-Abbas Hosseini was also quoted as saying by IRNA. Turkey buys …

OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …

Nickel-rich Indonesia on Saturday’s G7 Summit in Hiroshima proposed the establishment of an OPEC-like organization for the silvery metal. The OPEC, which Indonesia was once a member of, is short for the Organization of the Petroleum Exporting Countries. OPEC says it aims to coordinate the petroleum policies of its member …

Shell, one of the world’s most significant oil and gas companies, is taking a considerable step towards cryptocurrency acceptance. The company is set to participate in the world’s largest Bitcoin conference. This surprising move sends ripples across both the traditional energy sector and the evolving cryptocurrency industry. Bitcoin’s adoption and …

Announcing that $12 billion worth of semi-finished oil and gas projects have been completed in the last Iranian calendar year (ended March 20, 2023), Iran’s oil minister said that Phase 11 of the South Pars Gas Field will be put into operation within the next three months. Speaking in a …

The Group of Seven (G-7) rich nations put support for gas investments back into their communique on Saturday, calling it a “temporary” step as they try to decouple from Russian energy, in a move climate activists say may hurt climate goals. The April meeting of G-7 climate ministers eventually agreed, …

A large Iranian gas condensate refinery is expected to come on line next year amid efforts to meet a rising demand for gasoline that has caused the country to resume imports after more than a decade. The company responsible for building Persian Gulf Mehr Refinery said on Saturday that the …