Russia plans to subsidize the purchase of domestically manufactured electric vehicles (EVs) to stimulate demand and production, the country’s economy ministry said on Wednesday. The use of electric cars in Continue Reading
Russia’s gas giant Gazprom boosted its natural gas exports to Europe by 23 percent annually in January to July 2021, Gazprom Export said this week. In the first seven months of Continue Reading
Leading Russian agricultural agencies have sharply revised down their forecast for the country’s wheat output in marketing year 2021-22 (July-June), driving up wheat prices and indicating tight global supplies could Continue Reading
Oil prices edged higher on Wednesday, supported by a fall in U.S. inventories and Mideast geopolitical tensions, but the increasing spread of the coronavirus Delta variant in top consuming countries Continue Reading
Delta Cases Rise in Mainland China Oil declined for a second day as the spread of Covid-19’s delta variant in China threatened to disrupt the recovery in global crude consumption. Continue Reading
Crude oil markets have been jittery lately as additional OPEC+ output counters expectations of continued strong demand and coincides with concerns about the resurgence of Covid-19 in key markets. Yet Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 879,000 barrels for the week ending July 30, bringing the total 2021 crude draw so Continue Reading
Japan has been making headlines with its plans to significantly increase its reliance on hydrogen to satisfy its energy needs. Right now, it is demonstrating its transformation into a hydrogen Continue Reading
Asphalt Princess seized by armed individuals, sources say Vessel about 61 nautical miles off the coast of Fujairah Incident follows deadly July 29 drone attack on tanker A vessel may Continue Reading
Highlights Iraq’s July exports rose to 3.278 million b/d July quota rose 4.016 mil b/d vs 3.954 mil b/d in June Quota will rise again in August Iraq’s total crude Continue Reading
