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Germany’s gas major Uniper will reduce the use of office space at its headquarters by half and maintain lower temperatures in the space remaining in use, German media reported, as quoted by Reuters. The measures that the company is taking are similar to what the EU is advising businesses and …

China reported economic growth of 3.9 percent for the third quarter of the year, which was higher than analysts expected and might inject some fresh optimism into oil markets with regard to demand. Covid lockdowns and other restrictions in China have been among the main natural caps on oil prices, …

Oil prices are unlikely to drop to the level the U.S. Administration has said would trigger purchases for refilling the Strategic Petroleum Reserve (SPR), U.S. oil executives and analysts say, suggesting that the shale patch will not boost production in response to President Biden’s plan to increase output in the …

Oil and gas trade must be depoliticized, Saad al-Kaabi, energy minister and head of Qatar’s state energy company, said this, calling on politicians to abandon sanctions and agreements against the free market, Reuters reported. Kaabi’s comments came ahead of a meeting of the Gas Exporting Countries Forum (GECF) in Egypt …

Russia in July took over second place in terms of natural gas supplies to China, regarding total gas supplies in pipeline and liquefied form, surpassing Australia, and consolidated its position in August, China’s customs service said. Turkmenistan has been the largest supplier of gas to China since the beginning of …

European countries have boasted that their gas storage facilities have been filled at higher than usual levels before the start of winter. Yet more LNG cargos are arriving in Europe at such rates that they are jamming ports. And freight rates are through the roof, adding to already record LNG …

Head of the technical department in the Iraqi Ministry of Oil, Ali Ward Hammoud, stated on Friday that Iraq is interested in the partnership with Russian oil companies, and called Russian companies to participate in exploring oil in new areas, according to Sputnik News. Hammoud, in a statement to Sputnik, …

Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …

Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …

Head of Iran’s Planning and Budget Organization (PBO) Masoud Mirkazemi said a recently formed consortium of Iranian banks and companies is going to invest $27 billion in the country’s oil and gas sector, IRNA reported. “Recently, good cooperation has been established between the Planning and Budget Organization and the Oil …