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According to the latest data of the Islamic Republic of Iran Customs Administration, Iran’s foreign trade reached 125.86 million tons worth $88 billion. Iran’s foreign trade (excluding crude oil export) stood at 125.86 million tons worth $88 billion from the beginning of the current Iranian year on March 21, 2022, …

Qatar is one of the world’s top producers of liquefied natural gas, and UAE is an OPEC oil producer that is sharpening its focus on the gas market as Europe seeks to replace Russian energy imports after its incursion into Ukraine. The world will need natural gas for a long …

Exports from East Azarbaijan Province accounted for 40% of Iran’s total exports to Armenia during the first nine months of the current Iranian year (March 21-Dec. 21). Iran’s total exports to Armenia stood at $304 million during the period, of which $125 million were shipped from East Azarbaijan. “The tonnage …

China’s oil consumption is expected to jump by 800,000 barrels per day (bpd) this year to a record 16 million bpd, after Beijing abandoned the strict ‘zero Covid’ policy and re-opened its borders, a median estimate of 11 China-focused consultants polled by Bloomberg News showed. Following the initial exit Covid …

Oil prices rose, on Jan. 14, recording significant weekly gains on optimism about demand in China. The prices moved higher as China stepped up its purchases of crude this week, issuing a new batch of crude oil imports, amid ease of COVID-19 restrictions. The oil market was also boosted by …

TotalEnergies will supply LNG and is contributing a floating storage and regasification unit (FSRU) to the Deutsche Ostsee LNG import terminal in Lubmin on the German Baltic Sea coast, which will be inaugurated on Saturday, the French supermajor said on Friday. The project, whose inauguration will be attended by German …

U.S. oil majors Exxon Mobil Corp and Chevron Corp—along with France’s TotalEnergies, are taking a long, hard look at upping their investments in India’s oil and gas exploration and production sector, India’s oil minister said in a Friday speech, carried by Reuters. ExxonMobil said back in December that its 2023 …

A Chinese solar panel maker is planning to open a factory in the United States despite trade tensions between the two. JA Solar Technology Co., one of the largest players in the Chinese solar panel field, has allocated $60 million for the facility, to be built in Phoenix, with completion …

Global imports of liquefied natural gas (LNG) hit a record high of 409 million tons last year, as Europe scrambled to replace Russian pipeline gas supply and outbid Asia to draw the majority of cargoes. The global LNG imports of 409 million tons in 2022 were up from world imports …

Oil prices rose in early trade on Thursday, building on gains in the previous session as China’s demand outlook improves and concerns rise over the impact of sanctions on Russian supply. Brent crude rose 50 cents, or 0.6 percent, to $83.17 per barrel by 0135 GMT, while US West Texas …