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On Tuesday, Biden press secretary Jen Psaki told reporters that the Biden administration was “working to identify additional volumes of gas” for Europe from North Africa, the Middle East, Asia and the United States in the event of a drop in Russian supplies amid the Ukraine crisis. Qatar has little …

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the world’s top oil exporter targets to develop more stand-alone natural gas fields, the U.S. Energy Information Administration (EIA) said on Tuesday. Being …

The continual decline in production cost for wind, solar, and EV batteries was touted as the driver of their growing adoption and ultimate takeover of the global grid. Up until two years ago, there was no other scenario on the table—even though inflation was as much a reality then as …

Iran Newspaper reported on Wednesday, quoting head of the Islamic Republic of Iran Customs Administration (IRICA) Alireza Moghadasi, that new statistics of Iran’s foreign trade show that Iran’s non-oil exports in the beginning 10 months of the current Iranian calendar year (starting on 20 March 2021) reached $38.763 billion. According …

Oil and gas flows aren’t likely to be significantly impacted from the tensions building in Ukraine, according to Goldman Sachs Group Inc. The bank’s base case is “no disruption,” Jeff Currie, Goldman’s global head of commodities research, said in a Bloomberg TV interview with Shery Ahn and Paul Allen. Sanctions …

Shell Plc will take key processing units offline, as part of major maintenance that’s due to start at Europe’s biggest oil refinery in the coming days. Work at Pernis in Rotterdam will include two so-called high-vacuum units, according to a person familiar with the plans. These produce feedstock for units …

Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level never seen before after the country’s natural gas supplies dipped following a disruption of imports from Iran. Major industrial zones and clusters and major production sites, including those of foreign car manufacturers, are being hit …

Iraq is already scheduling crude oil shipments for delivery in March thanks to strong demand, the deputy head of the State Organization for the Marketing of Oil, or SOMO, told media in Baghdad, as quoted by Reuters. Ali Nizar also told media that Iraq’s oil exports were stable this month …

The U.S. Administration is in talks with energy companies and major gas-producing countries globally about the potential for a large supply of natural gas to Europe in case Russian deliveries are interrupted if Russia invades Ukraine, U.S. officials with knowledge of the talks told CNN. Russia, which supplies over one-third …

Despite a crude oil inventory build in the latest EIA report, U.S. commercial petroleum stocks have declined in most of the weeks in the past year and a half, falling below seasonal averages for the past five years and even below the five-year average before the pandemic. The continuously declining …