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Russia and OPEC-kingpin Saudi Arabia are reportedly mulling to delay an increase in oil production in January, maintaining an output cut aimed to raise oil prices as demand has weakened due the coronavirus pandemic. Russia and the Organization of Petroleum Exporting Countries held their annual talks on November 2 with …

China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported. Last week, China’s Communist Party adopted the principles of the five-year development plan 2021-2025. China will also aim to build more oil and gas pipelines, …

The United States formally exited the Paris Agreement on Wednesday, fulfilling a longstanding promise by US President Donald Trump to withdraw the world’s second-largest greenhouse gas emitter from the global pact to fight climate change. But the outcome of the tight US election contest will determine for how long this …

Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by OPEC+ in April this year, Iraqi news agency Shafaq has reported, citing Algeria’s Energy Minister, Abdelmadjid Attar. According to the report, Attar said the oil market was facing a perilous …

Oman’s Sohar Port and Freezone, a deep-sea port and adjacent free zone located in the homonymous coastal city, is planning to host a large scale green hydrogen generation hub powered by solar power plants. According to the whitepaper SOHAR Port and Freezone Going Green, published by the port’s CEO, Mark …

Iran has shipped the second non-oil cargo to Oman via Sirik Port in southern Hormozgan province, Governor of Sirik County said on Wednesday. According to Ahmad Jamaleddini, the 610-ton consignment contains fresh fruits and vegetables, dried nuts and construction material with a collective value of 150 billion rials (Over $530 …

Japan will have to limp by on just one nuclear reactor for the next six weeks after Kansai Electric Power Co. shut down the No. 4 reactor at its Oi nuclear plant in Fukui Prefecture, western Japan, for regular maintenance on Nov. 3. That task will fall to the No. …

OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken. The producer group has been dropping hints for weeks that its plan to add almost 2mn barrels a day to oil markets next year …

Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels. In the course of the exploration activities, commercial gas inflow of over 1 …

Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister. Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime …