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Natural gas fluctuated as the European Union pushed on with its market intervention to ease the worst energy crisis in decades, but the plans are unlikely to include a cap on prices of imported fuel. Benchmark futures gave up most of an earlier decline of as much as 4.9 per …

OPEC raised its August oil production by 618,000 bpd, according to the group’s Monthly Oil Market Report published on September 13. According to OPEC’s secondary sources, OPEC raised its production to 29.651 million bpd, with the largest increases coming from Libya and Saudi Arabia. Libya’s oil production has been severely …

Strong activity in China pushed global wind turbine order intake to 43 gigawatts in quarter two of 2022, according to new analysis from Wood Mackenzie. The high number of orders marks a new record, and up 36 percent from year-ago levels. This equates to an estimated $18.1 billion. According to …

Oil prices eased on Tuesday, reversing earlier gains, as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S. Federal Reserve to deliver another hefty interest rate increase next week. Brent crude was down 80 cents, or 0.9%, to $93.20 a barrel at 1254 GMT, while WTI crude …

GCC GDP is expected to grow by 6.7% this year, the fastest rate since 2011, driven by higher oil production, the recycling of government revenues into investment initiatives and, to a lesser extent, household and business spending. However, the possibility of a global recession limiting oil demand remains a key …

Economists are warning prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at the economic think tank the Institute for Fiscal Studies (IFS) said energy supplies may run dry due to the government propping up energy spending. …

Bulgaria has offered to export electricity to Azerbaijan in exchange for expanding gas supplies, acting Economy Minister Nikola Stoyanov announced during his visit to Baku on Sunday (11 September). “With such a scheme – bartering gas for electricity, Bulgaria could receive quantities in the next four to five months, when …

The United States and its natural gas have been vital for Europe’s attempt to fill its gas storage ahead of this winter season. Yet record U.S. LNG exports have led to a surge in domestic gas prices. The boomerang is coming back. When President Joe Biden promised the European Union …

Qatar and the US discussed cooperation in the field of energy security on Saturday amid an ongoing global energy struggle in light of the Ukraine crisis. The discussions came during a meeting in Doha between Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and US Special Envoy and Coordinator …

Oil prices fell early on Monday morning as bearish sentiment continued to weigh on markets amid expectations of further interest rate hikes and concerns about Chinese oil demand. Brent started the week more than a dollar down at $91.80 a barrel at the time of writing. West Texas Intermediate was …