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Oil prices increased on Thursday on expectations of a surge in oil demand in China, the world’s largest oil importer. International benchmark Brent crude traded at $85.85 per barrel at 09.46 a.m. local time (0646 GMT), up 0.55% from the closing price of $85.38 a barrel in the previous trading …

Russia’s nuclear exports were already booming well before the war in Ukraine started but now they are growing even faster. After the disaster of Chernobyl in the 80s, Russia has fully modernised its nuclear technology and switched to the VVER 1200 reactors (water-water energetic reactor) that are compliant with the …

University of Surrey researchers have found that a type of metal-free catalysts could contribute to the development of cost-effective and sustainable hydrogen production technologies. The results entitled ‘First-Principles Microkinetic Modeling Unraveling the Performance of Edge-Decorated Nanocarbons for Hydrogen Production from Methane’ have been published at ACS Applied Materials & Interfaces. …

For years, Egypt has been performing a tough balancing act between the West and Russia, with Cairo casting itself as an actor that both parties can lean on. Egypt was the Soviet Union’s principal ally in the Middle East during the Cold War and remains an important partner today. Last …

An EU regulation on a gas price cap has come into effect. Two months ago, EU energy ministers agreed on a European Council regulation that sets a market correction mechanism to protect households and businesses against excessively high prices. The measure, which is temporary and will apply for one year, …

The United States should try to prove it was not behind the destruction of the Nord Stream gas pipelines that connected Russia to Western Europe, the Russian embassy to the United States said on Thursday. Moscow considers the destruction of Nord Stream 1 and Nord Stream 2 pipelines last September …

Abu Dhabi National Oil Co. made the first LNG delivery from the Middle East to Germany, with the UAE’s national oil company calling it a “milestone.” The delivery of 137,000 cu m of LNG is the commissioning cargo for the Elbehafen floating LNG terminal in Brunsbüttel, ADNOC and utility RWE …

PetroChina, China’s largest oil and gas producer, said on Monday that its Pengshen-6 oil well has reached a depth of 9,026 meters, smashing the record for deepest vertical well in Asia. Located in southwest China’s Sichuan Province, the well has complex geological conditions and exploration work faced multiple challenges, including …

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China’s relaxation of COVID-19 restrictions, and trimmed supply forecasts for Russia and other non-OPEC producers, pointing to a tighter market. Global oil demand will rise this year by 2.32 million barrels …

“In January 2023, the daily oil production (including condensate) in Azerbaijan totaled to 652,000 barrels, including 533,000 barrels’ crude oil and 119,000 barrels’ condensate,” the Ministry of Energy told AZERTAC. According to the new commitments of the participating countries of the Declaration of Cooperation, Azerbaijan’s commitment to cuts is 33,000 …