Algeria Says It Respects All Gas Commitments With Spain
The In Salah Gas (ISG) Krechba Project in the Sahara desert near In Salah, Algeria. Want the lowdown on European markets? In your inbox before the open, every day. Sign Continue Reading
India’s fuel demand jumps 24% year-on-year in May
India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third-biggest oil consumer was in the Continue Reading
Iran and Venezuela sign 20-year cooperation plan -state TV
June 11 (Reuters) – Iran and Venezuela on Saturday signed a 20-year cooperation plan, according to live coverage on Iranian state TV. The plan includes cooperation in the fields of Continue Reading
Latin America adjusts to third wave of import diesel prices reaching record levels
Highlights Countries from Mexico to Argentina look to buy for different reasons Subsidies keep local prices low but demand high in Latin America Latin American diesel saw its third big Continue Reading
Beijing and Shanghai Resume Mass Testings as Cases Rise
Beijing and Shanghai both resumed mass testing for Covid-19 as new community outbreaks of the virus emerged just days after the two key Chinese cities eased social curbs that had Continue Reading
US pledges to maintain military capacity to defend Taiwan
US defence secretary Lloyd Austin accused China of stepping up coercive behaviour towards Taiwan as he stressed that Washington would maintain its military capacity to resist any force that threatened Continue Reading
U.S. Midwest may have summer power shortages for years
The power grid operator in the Central United States warned on Friday that problems it may experience keeping the lights on this summer could also occur during the summers of Continue Reading
Energy, policy experts float alternative approaches to energy sanctions on Russia
Current tactics risk $150/b oil, $6/gal gasoline Import tariffs, transfer caps among options Energy sanctions against Russia need to be reconfigured to better target the country’s revenues from oil and Continue Reading
U.S. Inflation Hit 8.6% in May
U.S. consumer inflation reached its highest level in more than four decades in May as surging energy and food costs pushed prices higher , with little indication of when the Continue Reading
U.S. Oil Rig Count Jumps As Crude Holds At $120
The number of total active drilling rigs in the United States rose by 6 this week, after drilling increases stalled out in the week prior, according to new data from Continue Reading