Tag Archives: Trend News Agency

Oil prices fell on Friday as traders worried about a deteriorating demand outlook, Trend reports citing Xinhua. The West Texas Intermediate (WTI) for November delivery decreased 1.74 U.S. dollars, or 2.1 percent, to settle at 79.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery …

The European Commission has joined industry leaders to set a biomethane use target, Trend reports via the Commission. The Biomethane Industrial Partnership (BIP) was announced in the REPowerEU Plan and aims to support the achievement of the target to increase annual production and use of biomethane to 35 billion cubic …

Minister of Energy of Bulgaria Rosen Hristov held phone talks with his Azerbaijani counterpart Parviz Shahbazov, Trend reports via the ministry. According to the ministry, the parties discussed the timing of the start of commercial supplies of Azerbaijani gas to Bulgaria via the Interconnector Greece-Bulgaria (IGB). “Shahbazov noted that from …

Hungary is planning to receive the supply of ‘green’ electricity from Azerbaijan, Trend reports via Minister of Foreign Affairs Peter Siatro’s Facebook page. According to him, the current situation clearly shows the importance of exploring new energy sources and integrating them into the supply. “One of the most important partners …

Russian Gazprom is reducing daily gas deliveries to Italian Eni company by almost 20.6 percent, Trend reports with reference to Eni. “Gazprom informed it will deliver gas volumes for approximately 27 million cubic meters today, compared to daily deliveries of approximately 34 million cubic meters made in recent days. Eni …

The spokesman of the Energy Commission of Iranian Parliament Malek Shahriati announced the discovery of a new gas field north of the South Pars gas field in southern Iran, Trend reports citing YJC. The gas field is estimated to hold 1 trillion cubic meter of natural gas in its reserve. …

The state-owned National Oil Corporation (NOC) of Libya on Saturday said that it plans to increase the daily oil production to 1.2 million barrels, Trend reports citing Xinhua. “The NOC is striving to increase production and bring it back to its normal rates of 1.2 million barrels per day in …

Royal Dutch Shell will build the largest renewable energy plant in Europe, as its subsidiaries Shell Nederland B.V. and Shell Overseas Investments B.V. have made a final investment decision on the project, Trend reports with reference to the company. Reportedly, Holland Hydrogen will be operational in 2025. “The 200MW electrolyser …

Iran has delivered an Iranian-made ‘Aframax’ oil tanker to Venezuela, which has been built at the order of Venezuela, Trend reports citing the government’s official website (dolat.ir). In this regard, an event was held in Tehran with the participation of Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro. An …

Based on current projections, energy prices are expected to rise by 50 percent in 2022, reflecting an 81 percent increase in coal prices, a 74 percent rise in natural gas prices (average of the European, Japan, and U.S. benchmarks), and a 42 percent increase in the price of oil, Trend …