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Oil Prices Rise in Global Markets

Oil prices continued their upward trajectory on Friday, building on gains from the previous session when they closed at their highest levels in more than two months. This surge comes amid optimism that governments worldwide will intensify policy support to stimulate economic growth, thereby boosting fuel demand. Brent crude futures …

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Significant Progress Made in Iraq’s Energy Sector

Iraq’s energy industry is undergoing significant developments reflecting government initiatives to increase the production of electricity and oil in order to fulfill the country’s increasing demands and boost economic growth. In order to enhance the energy infrastructure and achieve a sustainable vision for resource management, the Iraqi government is putting …

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Russia’s First Ice-Class LNG Carrier Begins Sea Trials

Russia’s first ice-class LNG carrier has begun sea trials, advancing its efforts to expand in the global LNG market despite US sanctions, reported Reuters. The Alexey Kosygin tanker, named after a Soviet statesman, was built at the Zvezda shipyard and will join Russia’s Arctic LNG 2 fleet, which has been …

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