Green energy investors rate Ireland as 13th of the 40 most attractive destination for their money, a new survey says. The EY Renewable Energy Country Attractiveness Index, published on Thursday, says the State has held a strong position in the rankings of the countries assessed. The 13th spot represents a …
Read More »Qatar Signs 27-Year Deal with China as LNG Competition Heats up
QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia’s invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast …
Read More »Foreign Companies Eager to Invest in Iran Airport Market
A senior official at Iran Airports and Air Navigation Company announced here on Wednesday that the foreign countries are very willing to make investment in Iran’s airport market. Hassan Amjadi made the remarks in a meeting held in a southern Iranian city.6 At his remarks, Amjadi referred to China as …
Read More »Iran’s Exports to Iraq Rebound
New trade data show Iran’s exports to Iraq are rising after they plummeted in the first half of the current Iranian year (started March 21). Iran’s exports to neighboring Iraq stood at $7.03 billion during the first seven months of the current Iranian year (March 21-Oct. 22), according to a …
Read More »China’s Record Coal Output to Weigh on Prices amid Weak Demand
China’s coal production is set to climb for the sixth year in a row, reaching a new record, as the Beijing government acts to ensure supplies in the top miner and consumer of the fuel, spurring further declines in prices. Output could reach 4.4 billion tons in 2022, driven by …
Read More »Gazprom Warns of Possible Halt in Natural Gas via Ukraine
A backlog has accumulated for Russian gas shipments via Ukraine destined for Moldova, and if it persists, shipments will be reduced beginning Nov. 28, according to Russian energy company Gazprom on Monday. Gazprom said the quantity of gas delivered to the Sudzha transit point in Russia for Moldova “is higher …
Read More »Iran Trade with Persian Gulf States Tops $17.2 bn in 7 Months
Iran traded 28.4 million tons of goods (excluding crude oil exports) worth $17.28 billion with the Persian Gulf’s six littoral states. The latest data released by the Islamic Republic of Iran Customs Administration show that Iran traded 28.4 million tons of goods (excluding crude oil exports) worth $17.28 billion with …
Read More »API Reports another Larger-Than-Expected Crude Draw
Crude oil inventories sagged by another 4.8 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 5.8 million barrels in the week prior. Analysts anticipated a smaller 2.2 million barrel draw. U.S. crude inventories may have grown by roughly 21 million barrels so far this year, according …
Read More »Oil Rises as U.S. Inventories shrink; China COVID Fears Limit Gains
Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains. Data from the American Petroleum Institute showed that U.S. crude stockpiles fell a bigger-than-expected 4.8 …
Read More »Can Iraq Challenge Saudi Arabia’s Regional Oil Dominance?
Like the first cuckoo of spring, the annual autumn refrain from senior Iraqi oil officials of new production targets has that pleasant ring of the familiar about it to seasoned oil industry watchers. Sometimes it is 6 million barrels per day (bpd), sometimes 7, and sometimes 8, but it always …
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