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China’s economy is slowly recovering after the country finally ended its austere Zero Covid Policy late last year. The recovery of the world’s second largest economy has been gradual. China was hit hard by a wave of Covid-19 cases as soon as strict national lockdown measures were eased. But now, …

Iraq’s federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Turkey stopped pipeline flows from the Kirkuk fields in northern Iraq’s semi-autonomous Kurdistan region to its port of Ceyhan …

Russia remained Turkey’s top crude exporter in January, according to the statistics released by the Turkish Energy Market Regulatory Authority (EPDK) on Saturday, Trend reports citing TASS. The statistics say that 1.18 million tons of crude oil and petrochemical products were imported from Russia, followed by Iraq and Kazakhstan with …

Kazakhstan plans to export 100,000 tons of oil to Germany in April, Trend reports via Anadolu. According to KazTransOil JSC, the national operator of Kazakhstan on the main oil pipeline, next month it’s planned to increase oil supplies to Germany. In accordance with the oil supply program approved by the …

OPEC oil output fell in March due to oilfield maintenance in Angola and a halt in some of Iraq’s exports, a Reuters survey found on Friday, adding to the impact of strong adherence by top producers to a supply cut deal by the wider OPEC+ alliance. The Organization of the …

China National Offshore Oil Corporation and France’s TotalEnergies have reportedly completed China’s first purchase of imported liquefied natural gas to be settled in Chinese yuan through the Shanghai Petroleum and Natural Gas Exchange. The deal is reported to have an energy content of 3.2 billion to 3.4 billion British thermal …

The European Union will aim to double its use of renewable energy by 2030 under a deal announced on Thursday. It addresses the EU’s twin goals of drastically cutting its carbon emissions and replacing the Russian fossil fuels it once relied upon. EU states will have new targets for clean …

The UK selected projects from developers including BP Plc and Equinor ASA to enter into negotiations for the country’s first large-scale efforts to capture and store carbon emissions. In total, eight projects are set to receive government support to trap carbon from industrial clusters in the north of England. The …

A Japan’s leading trading company has reportedly offered Pakistan to sell Russian oil and Nigerian Liquified Natural Gas (LNG) to Pakistan at 35 per cent less than the global market’s prices. The Japanese company partners with an Irish company for the purpose. It is learnt that the representative of the …

Turkey on Wednesday said it was ready to assist Hungary with natural gas delivery via the Trans-Anatolian Natural Gas Pipeline (TANAP). “We, (Turkey) together with Azerbaijan, are ready to provide all means of support in the delivery of natural gas to Hungary via TANAP,” President Recep Tayyip Erdogan said at …