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Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a looming European Union ban on Russian crude. Brent crude futures fell $1.13, or 1.1%, to $106.01 a barrel at …

Gazprom PJSC’s daily natural-gas sales to key foreign markets slipped to the lowest in three months in April as customers turned to cheaper supplies on the spot market amid mild weather and a wave of LNG. Europe has been importing record amounts of discounted liquefied natural gas on the back …

The last few generating units of southwest China’s Baihetan Hydropower Station are being installed and tested. The station, which represents a breakthrough for China in terms of high-end equipment manufacturing, will have a total installed capacity of 16 million kilowatts. It will be equipped with 16 hydro-generating units, each with …

Although electric vehicles (EVs) may appear to be the last thing the oil and gas industry would desire, energy firms are investing heavily in EV technologies, not wanting to miss out on new energy transition opportunities. The likes of Shell, TotalEnergies, ExxonMobil, Equinor, and BP are all backing EV projects …

U.S. imports of crude oil from Iraq averaged 184 thousand barrels per day (bpd) in April, the Energy Information Administration (EIA) said this weekend. According to EIA’s monthly report, April imports from Iraq amounted to 5.52 million barrels, down from 7.13 million barrels (average 230 bpd). Iraq’s oil exports to …

Europe is importing record volumes of liquefied natural gas (LNG) as it looks to cut as much Russian gas consumption as soon as possible. Unlike in previous years, Europe is now the most attractive destination for global LNG flows, outbidding Asia for spot supply as prices and demand in Europe …

Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand expectations in China. Brent Crude climbed 1.7 percent to $109.40 per barrel, while WTI Crude moved up 1.03 percent to $106.50 per barrel. Both contracts are set to finish up on the …

France, one of Europe’s leading electricity exporters, has taken 28 of its 56 atomic reactors offline due to defects or maintenance. The step comes amid a months-long energy crunch, one of the worst in European history. The 1,300-megawatt Golfech-2 reactor run by Electricite de France (EDF) in the south of …

Refiners in Europe are processing crude at capacity—or very close to capacity—bolstered by the highest diesel margins in at least three decades, traders told Argus on Friday. Every refinery in Western Europe not undergoing planned spring maintenance has ramped up throughput as refining margins for most fuels, especially diesel, are …

Russia’s attack on Ukraine and the uncertainty caused in the energy market due to it has prompted the European Union (EU) to focus its attention on reducing its dependency on Russian energy and look for more sustainable options. The bloc looks to phase out its dependence on fossil fuels from …