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The United Arab Emirates said there was no need for OPEC+ to increase oil production any faster, despite pressure from major consumers such as the U.S. and Japan for the group to help ease gasoline prices. “There is no logic to increasing our contribution,” UAE Energy Minister Suhail Al-Mazrouei said …

The Kremlin said on Tuesday that Russia remained committed to fulfilling its OPEC+ obligations and that President Vladimir Putin had no plans to contact OPEC+ partners despite talk of key consumer countries releasing their strategic oil reserves. The United States is expected to announce a loan of crude oil from …

Russia on Tuesday said further sanctions imposed by the United States related to the Nord Stream 2 gas pipeline were “illegal and wrong,” especially at a time when Moscow and Washington are attempting to rebuild a dialogue. The United States has imposed further sanctions in connection with the Nord Stream …

The Head of the Iranian Atomic Energy Organization (AEOI) Mohammad Eslami met and held talks with the IAEA Director-General Rafael Grossi in Tehran. The IAEA Chief Rafael Grossi who arrived in Tehran on Monday night met with the Head of the Iranian Atomic Energy Organization (AEOI) Mohammad Eslami on Tuesday …

A US$12 billion (S$16 billion) liquefied natural gas (LNG) investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal. The development of the Scarborough field, Pluto onshore processing facility and a 430km subsea pipeline led by Woodside Petroleum …

Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage told Reuters on Monday after a call with senior executives at Gazprom. Last week, Germany said it had suspended the process of certification of the …

In a telephone conversation the Russian President and the Italian Prime Minister gave positive assessment to Russian-Italian relations, their constructive and mutually beneficial character, the Kremlin press service said in a statement MOSCOW, November 22. /TASS/. In a telephone conversation with Italian Prime Minister Mario Draghi, President Vladimir Putin confirmed …

Saudi Aramco said it will continue to look for investment opportunities in India as it provides tremendous growth opportunities over the long term, Bloomberg reported. “We will continue to evaluate new and existing business opportunities with our potential partners,” the giant oil company said, adding that it has a long-term …

Head of the National Iranian Gas Company (NIGC)’s Production Coordination and Supervision Management Ahmad Zamani said the consumption of natural gas in the country has exceeded the current production level, Shana reported. Speaking to the national TV on Monday, Zamani called on various sectors to manage their consumption during the …

The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for electricity generation and heating likely to further spur the sector this winter. The spike in demand and consumption could lead the OPEC+ alliance of oil exporters, which meets in Vienna on Monday, …