Current oil prices at around $80 per barrel adequately reflect the situation on the market, Russian Deputy Prime Minister Alexander Novak told Rossiya-24 in an interview after the OPEC+ meeting, Oilprice anaylsed. There are a number of both bullish and bearish factors that will determine where prices will go in …
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China is expected to lead Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions …
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QatarEnergy has placed the first batch of LNG shipbuilding orders with Korean shipyards consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI). The orders came in the form of QatarEnergy’s declaration of its ship construction options with the two Korean …
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Oil prices rose on Monday after Saudi Arabia’s state-owned oil producer, Aramco, raised the official selling price for its crude, suggesting demand remains strong amid tighter supplies. Brent crude was up by 90c, or 1.1%, at $83.64 a barrel, after dropping nearly 2% last week. US oil gained 87c or …
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The number of geothermal power plants in Japan has quadrupled since the 2011 nuclear disaster in Fukushima, northeastern Japan, according to industry data. Despite the surge, showed in the Thermal and Nuclear Power Engineering Society data, geothermal power accounts for only 0.3 percent of the country’s total power output because …
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The top diplomats from Iran and China discussed upcoming nuclear talks in Vienna on Saturday and Iran’s cooperation with the UN nuclear watchdog. Foreign Minster Hossein Amir-Abdollahian expressed hope to his Chinese counterpart Wang Yi in a telephone call that the US and the Europeans would “enter the negotiations realistically,” …
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Saudi Arabia’s state-run energy giant, Saudi Aramco, has increased the official selling price of the Kingdom’s crude to Asian and US buyers. Global oil prices reportedly saw a smaller weekly loss as a result. In particular, Aramco increased pricing for its key Arab Light grade of crude for Asian customers …
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Head of Iran Grid Management Company (IGMC) has said the liquid fuel storages of the country’s power plants are 71 percent full on average, which means that currently there is 400 million liters more liquid fuel available compared to the previous year. According to Mostafa Rajabi Mashhadi, the amount of …
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Iran registered a monthly non-oil trade balance of $650 million in the seventh Iranian calendar month Mehr (September 23-October 22), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi put the monthly non-oil trade at 19.554 million tons worth $9.886 billion. The non-oil export was …
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The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 187 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.319 bpd in the first week of November.” The top three source countries …
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