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European gas prices slumped for a sixth day, the longest losing streak in more than a year, as cargoes of the liquefied fuel head to the continent just as industrial shutdowns and warm weather curb demand. Futures fell as much as 9.7% on Wednesday as a flotilla of U.S. LNG …

Russian President Vladimir Putin said Wednesday that a new pipeline to Germany has been fully filled with natural gas, noting that it could help quickly reduce soaring European energy prices. The $11 billion Nord Stream 2 pipeline is currently awaiting approval from Germany and the European Union, and officials warned …

Iraq will scale up oil exports in January to 3.3 million barrels per day (bpd), Minister of Oil Ihsan Abdul-Jabbar Ismail said. Ismail’s remarks came during a press conference he held earlier today, Thursday. The Minister explained Iraq is committed to OPEC’s gradual production raises of 40,000 barrels to its …

China has issued its first batch of 2022 crude oil import quotas at a volume 11per cent below 2021’s first allotment, according to industry sources and a document reviewed by Reuters, with large private firms winning out over smaller processors, Global oil prices pared gains following the drop in import …

Saudi exports surged in October on the back of higher oil prices, which hit a 2021 peak during that month. Saudi Arabia exported goods and commodities worth a total $28 billion in October, according to the Kingdom’s General Authority for Statistics, as cited by Bloomberg. Crude oil accounted for 77.6 …

Oil prices slightly increased on Thursday as US crude stocks fell more-than-expected, declining five weeks in a row, however the omicron variant continues to cause negative market sentiments in the coming year. International benchmark Brent crude was trading at $79.24 per barrel at 0635GMT for a 0.03% increase after closing …

Reverse gas supplies via the Yamal-Europe gas pipeline from Germany to Poland have continued for ten days amid the lack of booking of capacities to pump gas directly to Germany by Gazprom due to the lack of purchase orders from European clients, according to the information provided by the gas …

Turkey’s total oil imports increased by 22.3% on an annual basis to 4.20 million tons in October, according to data released by the country’s energy watchdog on Thursday. Crude oil imports, the category with the highest oil import volume, rose by 24.2% in October to 2.89 million tons, the Energy …

Saudi Arabia’s King Salman said the OPEC+ production agreement was “essential” for oil market stability and urged all participating countries to comply with the pact. Oil market stability and balance are pillars of Saudi energy policy as crude supports the growth of the global economy, King Salman said in an …

South Korea plans to double the number of electric and hydrogen vehicles on its roads next year as part of efforts to achieve its goal of net zero carbon emission by 2050. The government will seek to bring up the number of electric and hydrogen cars in use to about …