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Natural gas demand is set to increase more than previously expected, the International Energy Agency reported recently. Demand will remain strong next year as well, the agency predicted, warning that this might lead to a problematic situation with supply—because that’s not growing fast enough. Just a year ago, the International …

The value of Iran’s non-oil exports to Russia rose 12 percent in the first six months of the current Iranian calendar year (March 20-September 21) compared to last year’s first half, the Islamic Republic of Iran Customs Administration (IRICA) data showed. According to the mentioned data, Iran exported 1.3 million …

Libya’s oil production experienced a significant decline due to a political crisis that lasted for a month. The crisis involved tensions between rival factions and led to the closure of important oil fields and ports. Output dropped by over 80%, from 1.2 million barrels per day (bpd) to approximately 500,000 …

The U.K. has been gradually boosting its energy security by increasing its renewable energy capacity while continuing to produce natural gas. It has done this while also moving away from the ‘dirtiest’ fossil fuel, coal. The diversification of the U.K.’s energy mix is helping the island country to develop its …

Energy and Natural Resources Minister Alparslan Bayraktar on Thursday said Turkey anticipates “concrete developments” regarding the planned regional natural gas hub project in the coming months. In 2022, Russia proposed setting up a gas hub in Turkey to replace lost sales to Europe, supporting Ankara’s long-held desire to function as …

The United States has introduced a fresh wave of sanctions targeting Iran’s oil and petrochemical industries, following Iran’s retaliatory missile attacks on Israeli military and intelligence facilities earlier this month. The sanctions, announced by the U.S. Treasury Department on Friday, are aimed at intensifying financial pressure on Iran, restricting its …

The world’s biggest battery makers are working to make electric vehicles more attractive to hesitant buyers by offering a five-minute charge time for a decent range that would give drivers the same superfast experience as they would have at a gas station. Currently, the charging times for EVs range anywhere …

Kazakhstan has been one of the “rogue” members of OPEC+, regularly producing more oil than it was supposed to under the bloc’s output cap agreement. Now, it seems that Kazakhstan has done it again, potentially heightening internal tensions within OPEC+. Reuters reported this week that Kazakhstan’s largest field, Tengiz, had …

Gazprom CEO Alexei Miller has issued a stark warning about the future of the European gas market. Speaking at the St. Petersburg International Gas Forum, Miller highlighted the rising volatility in gas prices and the possibility of new price shocks and supply disruptions. He attributed these risks to Europe’s ongoing …

Saudi Arabia, the Middle East’s leading energy producer, continues to pour significant resources into development of low- and zero-carbon hydrogen, apparently determined to capture a major share of the emerging global industry. According to news reports this week, the Kingdom’s Public Investment Fund (PIF) has created Energy Solutions Company to …