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Vice President and Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said that political influences outside the framework of rules and regulations of the International Atomic Energy Agency (IAEA) can not affect Iran ties, underlining that Tehran always acted according to international rules of International Atomic Energy …

India’s Cairn Oil & Gas, a unit of Vedanta, will spend as much as $4 billion over the next three years to more than triple its production, as high prices attract more investments. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new …

A sharp increase in U.S. liquefied natural gas exports to alleviate a tight supply market in Europe has come under fire for its environmental effects. As a result, the boost in exports has slowed down, Reuters has reported, citing unnamed sources from Washington and the energy industry. Europe has become …

European utilities are getting increasingly reliant on coal for power as the region tries to reduce its dependence on Russian natural gas. Even with prices for the dirtiest fossil fuel surging with most other commodities, it’s still much cheaper for power plants to burn coal than gas to make electricity. …

The Organisation of Petroleum Exporting Countries (OPEC) yesterday said the war between Russia and Ukraine has frightened investors from the oil and gas industry and also rattled commodity market. Speaking at the Nigeria Energy Forum (CERA Week 2022 Agenda, OPEC Secretary General, Dr. Sanusi Barkindo, noted that the war has …

With Europe unveiling plans this week to end its reliance on Russian gas by 2030, Algeria is keen to boost its output and become a major player. However, with long-term Russian contracts and structural issues in Algeria, that will prove to be a challenge, experts say. About 40 per cent …

With WTI at over $107 per barrel, and Brent at $111, energy stocks are setting record highs and buybacks are in the air. Bloomberg reports that a minimum of 21 major North American energy companies engaged in stock buybacks in Q4 2021, and that buybacks continue to gain significant momentum …

According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports decreased by one vessel for the period between 3 March and 9 March 2022 compared to the week before. Twenty-three LNG vessels with a combined LNG-carrying capacity 85 f billion cubic feet departed the United States in this …

Equinor, Western Europe’s largest natural gas producer, said it is extracting oil and gas at full capacity in order to replenish the continent’s dwindling gas storage, while admitting that Europe’s dependency on Russia will be “difficult” and will require greater investment in both fossil fuels and renewables. As part of …

Goldman Sachs Group Inc.’s economists warned the probability of a U.S. recession in the next year may be as much as 35% as they cut their forecasts for growth due to the hit from soaring oil prices and other fallout from the war in Ukraine. Economists led by Jan Hatzius …