Tag Archives: Anadolu Agency

Germany Running on Dwindling Supply of Gas

While Germany’s gas reserves are currently almost full, there is also no gas supply coming through its main supply pipelines, which originate in Russia. According to energy analyst Thomas O’Donnell, this is a major problem for German industry and private consumers. He casts doubt on claims by the German government …

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Oil Increases over Supply Jitters Ahead of OPEC+ Meeting

Oil prices rebounded on Tuesday after losing almost $4 a barrel during the previous trading session ahead of the OPEC+ meeting on Dec. 4, when OPEC+ producers will decide on their output strategy for January onwards in the face of declining Chinese demand. International benchmark Brent crude traded at $85.53 …

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China’s Sinopec Makes Major Shale Gas Discovery

China Petroleum & Chemical Corporation, Sinopec, announced a significant shale gas discovery in the country’s Sichuan basin in southwestern China on Tuesday. With a daily natural gas production of 258,600 cubic meters and an evaluated resource capacity of 387.8 billion cubic meters, Sinopec described the discovery as “a major breakthrough …

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