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Goldman Sachs still expects Brent Crude prices to hit $100 per barrel this year, but only in December, compared to earlier expectations of $100 oil as soon as mid-2023, the bank said in a new note in which it cut its average Brent price to $92 a barrel this year …

The European Commission on Monday proposed new rules under which hydrogen produced with nuclear energy is to be considered green. Rather than being labelled as “renewable” though, hydrogen made using nuclear electricity will be termed as “low-carbon” hydrogen. According to EU officials, there is “no place” for nuclear energy when …

China National Petroleum Corp (CNPC) is close to finalising a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter’s massive North Field expansion project, three people with knowledge of the matter said. If sealed, this would be the second such deal …

Oil prices fell on Monday ahead of the release of critical US inflation data due later this week, sparking recession fears in the country. International benchmark Brent crude traded at $85.56 per barrel at 09.55 a.m. local time (0655 GMT), down 0.96% from the closing price of $86.39 a barrel …

European natural gas prices fell to the lowest level in almost four weeks as confidence grows for stable power generation through the remainder of winter. Benchmark futures slid as much as 4.5% before paring some of the loss. Sweden downgraded its power-cut risk to “low” from “real” in a sign …

By 2030, renewables should produce 80% of German electricity, according to the government’s plans. Recently, Chancellor Olaf Scholz gave out the order to construct “four to five onshore wind turbines a day” by 2030 and promised to check in with Germany’s 16 states “every month” to verify “how far they …

Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other countries under a swap arrangement. Speaking to reporters in Moscow on Saturday, Russian Deputy Prime Minister Alexander Novak described a potential swap agreement …

The bill for European countries to protect households and companies from sharply rising energy costs has reached nearly 800 billion euros, researchers from the Bruegel think tank reported. They urged countries to spend more efficiently to deal with the energy crisis. The countries of the European Union have already set …

Africa’s gas share in the global market will increase to over 11% of all gas supplies by 2050, according to a report by Gas Exporting Countries Forum (GECF), from 6% in 2021. Production is projected to increase from 260 billion cubic meters in 2021, to 585 billion cubic meters in …

Tanker loadings of oil from Baku-Tbilisi-Ceyhan pipeline at Ceyhan terminal have been resumed as of this afternoon (12 February), bp Azerbaijan told Trend. The tanker loading operations at the Ceyhan Terminal were temporarily suspended by the operator of the BTC pipeline in Turkiye (Botaş International Anonim Şirketi (BIAS) on Feb.6 …