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The Atlantic Council has disclosed that Mohammad Sanusi Barkindo, secretary general for the Organization of the Petroleum Exporting Countries (OPEC), will join the Atlantic Council as a distinguished fellow in the Global Energy Center after the conclusion of his term at OPEC on July 31. Barkindo’s fellowship at the council …

Oil prices edged higher on Monday as output disruptions in Libya and planned shutdowns in Norway offset concerns that an economic slowdown would dampen demand. International benchmark Brent crude was trading at $111.92 per barrel at 0705 GMT for a 0.26% increase after the previous session closed at $111.63 a …

Tokyo continues viewing the Sakhalin-2 project as important from the standpoint of providing power and gas supplies to Japan and intends to continue protecting its interests in the project, spokesman of the Japan’s government Seiji Kihara said on Monday. “The Sakhalin-2 is an important project for Japan from the standpoint …

Boom in solar panel demand is clouded by supply chain disruption, a fragmented industry as well as ethical issues, reports EURACTIV’s media partner, The Guardian. “It’s hot,” says Steve Springett, a director of the renewable energy brand Egg, cheerily assessing the solar market. “There’s two key factors: people are understanding …

Algeria said it reached a deal with three “partners” to increase prices of its natural gas exports, as Europe races to boost supplies from the North African country. “We are confident that we will soon reach agreements to review the prices with other partners,” Toufik Hakkar, the chief executive officer …

Japanese Prime Minister Fumio Kishida said the ceiling price for Russian oil, which was included in the G8 summit statement, is expected to be about half the current price, Kyodo reported. “We will set a ceiling at about half the current price and create a mechanism to prevent people from …

For the first time, the U.S. provided more liquefied natural gas (LNG) to Europe than Russia sends by pipelines, according to the latest data released by the International Energy Agency (IEA). Russia ships about 150 billion cubic meters of gas to Europe via pipelines every year, and another 14 billion …

Oil firms operating in Iraq’s southern oilfields might face penalties from the state for pollution violations, a senior official at the Ministry of Environment said on Sunday. In a press release he issued earlier today, the head of the Environmental Protection Directorate in the southern territory, Walid al-Mousawi, said that …

Simultaneously with the presence of Iranian Foreign Minister Hossein Amir-Abdollahian in Syria, media sources reported the arrival of a new oil tanker of the Islamic Republic of Iran to the port of “Banias” in northern Syria. The fuel oil that reached Banias port is the result of the activation of …

Turkish President Recep Tayyip Erdogan said Thursday that Sweden and Finland could still have their NATO bids blocked by Turkey if the Nordic nations don’t follow a memorandum that was signed earlier in the week. Turkey lifted its objection to Sweden and Finland joining NATO after the three countries signed …