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The spot market for liquefied natural gas (LNG) is calmer than usual for this time of year as inventories in both Europe and Asia are high, and the weather is still mild. Demand in Europe and Asia is rising in November compared to the warmer October, but LNG spot prices …

Russia is adapting to the increasingly stricter U.S. sanctions on trade with Russian oil and is acting in accordance with its own interests, Kremlin spokesman Dmitry Peskov said on Tuesday, commenting on reports that the United States was looking into punishing more vessels breaching the G7 price cap on Russia’s …

There were 4.7 million more people employed in clean energy in 2022 than in 2019, according to latest data from influential organisatoin The number of people employed in the energy sector is growing fast, as demand for solar, wind, and other clean energy technologies has soared in all regions of …

Oil steadied after a short-lived relief rally as the market digested differing views on the supply and demand outlook, while an industry report pointed to an expansion in US stockpiles. Global benchmark Brent traded near $83 a barrel, while West Texas Intermediate was above $78. The International Energy Agency said …

Nigeria expects to see “significant investment flow immediately” from Saudi Arabia after the top crude producer in the Middle East and Africa’s largest oil producer signed investment and cooperation agreements in the energy sector at a summit in Riyadh last week. Nigeria has been looking to attract foreign investment in …

In line with Moscow and Beijing’s objective of keeping the West out of energy deals in Iraq to keep Baghdad closer to the new Iran-Saudi axis and to “end [the] Western hegemony in the Middle East [that] will become the decisive chapter in the West’s final demise,” Russia has struck …

Kazakhstan will transport more Russian oil and gas, the country’s president, Kassym-Jomart Tokayev, told Russian daily newspaper Izvestia on Wednesday, a day before Russian President Vladimir Putin’s visit to the Central Asian nation. The Kazakh leader appeared to be warming to the idea of a “gas union” with Russia, which …

Al Seer Marine and Abu Dhabi Maritime, both based in the United Arab Emirates (UAE), have unveiled the world’s first 3D-printed water taxi. On November 6, the companies also secured a Guinness World Records title for the largest 3D-printed boat. “Crafted from 67% recycled materials, this 11.98-meter-long marvel not only …

Oil prices backed off on Monday, reversing their Friday rally, as renewed concerns over waning demand in the United States and China dented market sentiment. Brent crude futures for January were down 71 cents, or 0.87%, at $80.72 a barrel at 0400 GMT, while the U.S. West Texas Intermediate (WTI) …

Russian gas continues to be supplied to a large number of European countries, including the ones which formally refused it, Gazprom CEO Alexei Miller said in an interview with journalist Pavel Zarubin for the Moscow. Kremlin. Putin program on the Rossiya-1 (VGTRK) television channel. “Molecules in the main gas pipeline …