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A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency. “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director …

The supply of Russian natural gas to Greece remains normal, Greek government spokesman Ioannis Oikonomou told a briefing on Monday, adding that the suspension of deliveries via the Nord Stream gas pipeline due to scheduled maintenance had no effect whatsoever. Asked whether natural gas supply to Greece is sufficient in …

Iraq’s Electricity Minister Adel Karim has said that Baghdad has paid for all unpaid bills to Iran, and from now on, it will pay for imported gas monthly. The Iraqi electricity minister said, “Recently, $1.649 billion were paid to Tehran for gas debts, and Baghdad does not have any unpaid …

The German Federal Network Agency informed about termination of gas pumping over the Nord Stream pipeline. “The Nord Stream is serviced by Gazprom since today. Therefore, gas flows over the Nord Stream are currently equal to 0%,” the German regulator said on Monday in its gas supply report. Pipeline maintenance …

India’s oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June, accounting for nearly a fifth of overall imports by the world’s third largest oil consumer, data provided by trade sources showed. Indian refiners have been snapping up Russian oil sold at hefty …

Oil prices fell about $1 on Monday in volatile trade, reversing some gains from the previous session, as worries about a recession and China’s Covid-19 curbs hitting demand outweighed ongoing concerns about tight supply. Brent crude futures fell 82c, or 0.8%, to $106.20 at 5.14am, after climbing 2.3% on Friday. …

Russian gaz giant Gazprom begins 10 days of routine maintenance on its Nord Stream 1 pipeline on Monday — with Germany and other European countries watching anxiously to see if the gas comes back on. The annual work on the two pipelines was scheduled long in advance. The fear is …

French Economy and Finance Minister Bruno Le Maire on Sunday warned there is a strong chance that Moscow will totally halt natural gas supplies to Europe, Politico reported. “Let’s prepare for a total cut-off of Russian gas; Today that is the most likely option,” Le Maire told the Rencontres Economiques, …

Qatar, the second-largest LNG exporter in 2021, exported 77mn tonnes, compared to 77.1mn tonnes in 2020, International Gas Union (IGU) said in its World LNG report – 2022. Qatar accounted for 21% exports market share last year, IGU noted. Australia remained the largest exporter in 2021, exporting 78.5mn tonnes, an …

U.S. crude oil imports from Iraq averaged 273 thousand barrels per day (bpd) in June, the Energy Information Administration (EIA) said in its monthly report. According to the report, June imports from Iraq amounted to 8.19 million barrels, down from 9.114 million barrels (average 294 thousand bpd) in May. Iraq’s …