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Despite lots of talk about renewable energy acceleration, coal continues to dominate some markets. China is steadily increasing its coal output, while Indonesia looks to export to new European buyers. And while lots of countries are imposing sanctions on Russian coal, India is now backing up its cheap Russian oil …

Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the National. The 1.4 million bpd loss would sink oil demand to 99.6 million bpd on average, below 2019 levels of 100.2 million bpd. And a rebound …

The technical and engineering staff of the Iraqi Drilling Company (IDC) have completed the drilling of an oil well in the Al-Gharraf field, with a depth of 3,389 meters. IDC’s General Manager, Basem Abdul Karim, said that this oil well is the thirteenth the company completed with the Malaysian Petronas …

According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have increased by six vessels from last week, with Henry Hub prices also going up. In the latest Short-Term Energy Outlook report for the week between 14 April and 20 April, EIA says 26 vessels departed the United …

Exxon Mobil Corp is considering a complete withdrawal from Russia by 24 June, two sources familiar with the plans told Reuters on Thursday (21 April), following the US oil major’s earlier decision to exit all operations in the country. Exxon Mobil has not provided a timetable for the withdrawal but …

China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC. “If Japan leaves a project, then a third party can acquire it,” trade minister Koichi Hagiuda said in Tokyo on Friday. …

Natural gas prices in Europe extended gains as Norwegian flows plunged further amid planned works, while Russian shipments remained low. Benchmark futures gained as much as 5.2%, advancing for a third day. Supplies from Norway are set to slump to the lowest levels in more than three months with seasonal …

The National Oil Corporation (NOC) said on Wednesday, that Libya is currently losing more than 550,000 barrels per day of oil production due to the closures imposed on major export fields and ports, Reuters reported. The closures carried out by individuals who present themselves as youth groups or notables in …

Companies buying Russian natural gas should not have to set up ruble accounts to pay for it, German Finance Minister Christian Lindner said, pushing back against a demand made last month by Russian President Vladimir Putin. “Contracts are contracts,” Lindner said Wednesday in an interview with Bloomberg Television in Washington. …

The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The US and European countries are planning liquefied natural gas terminals that …