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The clash over a proposal to cap natural gas prices in the European Union intensified as a group of 12 member states urged a significantly lower intervention ceiling to limit the impact of an unprecedented energy crisis on the bloc’s consumers and businesses. The move by nations including Belgium, Greece, …

Referring to the measures taken in South Pars Gas Field and other fields to increase natural gas output rate, CEO of National Iranian Oil Company said that South Pars Phase 11 will be put into operation stage after two decades. Mohsen Khojasteh-Mehr CEO of NIOC and Deputy Oil Minister made …

The number of total active drilling rigs in the United States slipped this week, according to new data from Baker Hughes published on Friday. The total rig count fell 4 to 780 this week—204 rigs higher than the rig count this time in 2021, and 295 rigs lower than the …

A new survey from Argus showed on Friday that OPEC+ production fell to 38.29 million bpd last month—1.81 million barrels per day short of its reduced quota. The 19 OPEC+ members subject to the quota produced 310,000 bpd fewer barrels in November when compared to the month prior. But that’s …

The oil tanker traffic jam in the Bosphorus and Dardanelles Straits is growing, the Tribeca shipping agency told Reuters on Friday. The number of oil tankers idling in the Bosphorus and Dardanelles Straits waiting to enter Turkish waters has swelled to 28 as of Friday, compared to 20 on Monday. …

France’s TotalEnergies will buy 19.4% of its shares from Russian energy giant Novatek for $3.7 billion, the company said. TotalEnergies will fire two of its representatives from Novatek’s board of directors and will no longer include income from its investment in Novatek in its financial statements. The move will also …

China is ready to expand cooperation with Qatar in traditional energy such as natural gas and renewable energy such as photovoltaic and wind energy, and raise the level of bilateral cooperation in finance and investment, Chinese President Xi Jinping said here Friday when meeting with Qatari Emir Sheikh Tamim bin …

India has asked its state-run firms to increase their natural gas imports to stave off shortages next summer, three government sources told Reuters on Wednesday. The move will place an additional demand burden on the global natural gas markets as Europe tries to protect itself from energy shortages this winter …

A University of Tokyo team of researchers has discovered a new mechanism to stabilize the lithium metal electrode and electrolyte in lithium metal batteries. This new mechanism, which does not depend on the traditional kinetic approach, has potential to greatly enhance the energy density of batteries increasing the amount of …

A US official said Wednesday that the oil price cap imposed on Russia does not involve ships navigating through Turkish waters. The Treasury Department said Deputy Secretary Wally Adeyemo spoke with Turkish Deputy Foreign Minister Sedat Onal and discussed Russia’s war against Ukraine and the implementation of the price cap …