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When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil storage became such a challenge that the West Texas Intermediate crude benchmark plummeted below zero on April 20, ending the day at …

Libya will export two oil cargoes totaling 1.2 million barrels in July — a third less than in June — as forces opposed to the Tripoli-based government continue to block shipments from most of the OPEC member’s ports. The Bouri and Farwah terminals will each ship one cargo of 600,000 …

It is estimated that Islamic Republic of Iran has exported 273,000 barrels of oil per day (bpd) in June 2020. All of Iran’s oil storage tankers are fully loaded, so that Iran’s export of crude in June 2020 hit 273,000 barrels per day (bpd). Iran’s crude oil production volume hit …

Danish Energy Agency on July 6 gave Nord Stream 2 permission to use pipe laying vessels with anchors to complete the final stretch of the gas pipeline in Danish waters, allowing the company to restart work on the pipeline from Russia to Germany that was hit by US sanctions. Nord …

Ministers of the North Seas countries have called for an EU framework to tackle barriers to the deployment of multinational “hybrid” offshore wind energy projects. Energy Ministers from Belgium, Denmark, France, Ireland, Luxembourg, the Netherlands, Norway, Sweden, Germany and the European Commission met by videoconference on 6 July 2020 under …

Global wind and solar generation have smashed a new record in 2019. That’s according to a new analysis by think tank Ember, which suggests wind and solar energy generated 8.2% of global electricity last year, more than double of the 3.4% renewable share of 2013. Findings of the report also …

The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. Inauguration of the facility …

Iranian gas output registered a 2.2% growth in the first quarter of the current Iranian year (started on March 20) so that the country’s gas output exceeded 2m cubic meters a day, according to a senior official with National Iranian Gas Company (NIGC). Masoud Zardouyan, the NIGC director of coordination …

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 54 cents, or 1.3%, to $40.09 a barrel at 0703 GMT, well off an earlier …

Some 75% of the emissions reductions necessary to meet net-zero are dependent on technologies which have not yet reached commercial maturity, new analysis from the International Energy Agency (IEA) has found. EURACTIV media partner, edie.net, reports. The Agency’s clean energy innovation report warns that net-zero targets, which now cover half …