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Petrodollars are once again flowing in for Saudi Arabia. The kingdom is earning more money from oil exports than at any time since 2018, as the global economic recovery and OPEC+ production cuts boost prices. The producers’ cartel meets on Monday and has signaled it will continue with a gradual …

Germany’s economics and energy ministry has published an ordinance for the allocation of areas for the production of green hydrogen in Germany’s exclusive economic zone (EEZ) in the North Sea. The rule that entered into force today in practice creates the opportunity to test H2 output from offshore wind power. …

The Turkish and Russian heads of state discussed establishment of two more nuclear power plants in Turkey in addition to one that is already being built in the country’s South. The conversation arose between Recep Tayyip Erdogan and Vladimir Putin in the Russian resort city of Sochi on Wednesday, Kremlin …

Secretary-General of Iran-Iraq Joint Chamber of Commerce said that Iran’s export of non-oil goods to Iraq in first six months of the current year hit 28 percent growth as compared to the same period of last year. Jahanbakhsh Sanjabi Shirazi broke the news on Friday and reiterated that Iran’s export …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq did not export any oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 5.389 million bpd in the past week.” The top three source countries of U.S. import oil are Canada …

Russian oil and gas condensate output rose to 10.72 million barrels per day (bpd) in September, the highest level since the 11.34 million bpd pumped in April 2020, Reuters calculations based on an Interfax report showed on Saturday. Total oil and gas condensate production was 43.86 million tonnes last month, …

Oil prices rose on Friday as traders await a key meeting by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, Trend reports citing Xinhua. The West Texas Intermediate for November delivery added 85 cents to settle at 75.88 U.S. dollars a barrel on the …

Organisation of the Petroleum Exporting Countries (OPEC) said the proven crude oil reserves in the bloc’s member countries increased by 0.3 per cent to 1.237 billion barrels at the end of 2020, following a firm increase its previous year. At the end of 2020, world proven natural gas reserves fell …

Oil prices were volatile on Thursday, but keen to return to their upward path despite an unexpected build in US crude oil inventories as the world countries are bracing themselves for a post-pandemic energy crisis. International benchmark Brent crude was trading at $77.92 per barrel at 0701GMT for a 0.21% …

It’s not just extra natural gas that Europe’s struggling energy markets are finding tough to get from Russia. Power producers in the continent are being forced to ask Russia for more coal to ease an energy crunch with winter approaching and record-high gas prices denting profitability, according to officials at …