Oil prices drifted lower on Monday over strong US dollar pressure as investors await Thursday’s release of the Personal Consumption Expenditures (PCE) price index, the US Fed’s preferred measure of price fluctuations and an importance gauge in its next monetary policy decision. International benchmark Brent crude traded at $80.60 per …
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QatarEnergy inked a 20-year deal with India’s Petronet for the supply of 7.5 million tons per annum (mtpa) of LNG to India, the Qatari company announced on Tuesday. As part of the deal, starting May 2028, QatarEnergy’s vast LNG fleet will deliver the contracted LNG volumes to Indian terminals, the …
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Both crude benchmarks continued to rally on Monday, with rising tension in the Middle East after the US and the UK carried out strikes on multiple Houthi targets in Yemen last week. The international benchmark crude Brent traded at $78.51 per barrel at 11 a.m. local time (0800 GMT), a …
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The Russian energy giant Gazprom announced on Saturday that it set a new record for daily gas deliveries to China on Jan. 12. “The supply via the Power of Siberia gas pipeline has again exceeded the company’s daily contractual obligations,” the company said in a statement, without specifying how many …
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Turkey is on track to have the third-largest natural gas storage capacity in Europe, thanks to the planned expansion of storage facilities. Its strategic geographical position makes it a key transit country for natural gas pipelines from various regions, including Russia, the Caucasus, the Middle East and Africa. Enhancing gas …
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A total of 118 countries pledged Saturday to triple global renewable energy capacity by 2030 and double the progress in energy efficiency at the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change in the United Arab Emirates (UAE). As part of the initiative announced …
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France’s president encouraged G7 countries on Friday to stop using coal by 2030. Emmanuel Macron enumerated several key points to improve the fight against climate change during an address to the United Nations Climate Change Conference COP28 in Dubai. The “primary priority” for the most developed countries is to end …
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Oil prices slipped on Monday as reports of disputes among OPEC+ members on their production quotas next year heightened supply uncertainties amid higher demand expectations during the first quarter of 2024. International benchmark crude Brent traded at $79.81 per barrel at 9.56 a.m. local time (0656 GMT), a 0.83% decrease …
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Russia set a new record for daily gas deliveries to China via the Power of Siberia gas pipeline, the press service of the energy corporation Gazprom said on Saturday. “On Nov. 23, the Chinese side’s application for the supply of Russian gas through the Power of Siberia gas pipeline again …
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Turkey’s first seismic research vessel “Barbaros Hayreddin Pasa,” which has scanned more than 50,000 square-kilometer in the last five years to search for oil and natural gas within the country’s territorial waters, is currently getting prepared for its next mission at Trabzon port where it briefly anchored for scheduled maintenance. …
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