Russia’s New Gas Deals With Iran Are A Threat To The West
Gazprom’s MoU with the Iranian NIOC marks the next major step in oil and gas cooperation between the two countries. Gazprom has pledged its full assistance to the NIOC in Continue Reading
Gulf Producers Hike Crude Prices Despite Recession Fears
August 2022 will see many grades reach their highest-ever market differential. Gulf producers balance tight supply and signals of demand destruction as they set prices for August. The arrival of Continue Reading
Nigeria: Retaining Petrol Subsidy in 2023 Will Cost Nigeria Nearly N6.7 Trillion – – Govt
The government presents two scenarios, one involving the continuation of subsidy payment and another assuming partial payment until subsidy is phased out in 2023. Retaining petrol subsidy will cost Nigeria Continue Reading
China’s Slowdown Spills Over to Major Economies Through Imports
China’s economic slowdown is spilling over to major exporting nations in Europe and East Asia through falling demand for manufactured goods, causing Germany and South Korea to post rare deficits Continue Reading
China And India Are Buying Less Russian Crude
Asian nations are letting up on discounted Russian oil exports, with Bloomberg data showing a 13% decline over the past four weeks as Chinese and Indian demand ease, chipping away Continue Reading
Why China’s economic measures may not be enough to drive up consumer demand
China’s economic activity has started to recover from the late-May COVID-19 resurgence, while the government has also been stepping up fiscal and monetary stimuli to support the recovery. However, recovery Continue Reading
CHINA DATA: July crude throughputs seen lower amid heavy maintenance
China’s crude throughput is likely to edge lower in July, weighed down by maintenance at state-owned refineries amid uneven oil product demand recovery and limited exports , S&P Global Commodity Continue Reading
U.S. becomes top LNG exporter in first half of 2022 – EIA
The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country Continue Reading
Americans Driving Less With Pump Prices Still Higher Than a Year Ago
Americans are driving less, combining errands and shopping or dining out less since gasoline prices rallied in March, according to a survey by auto club AAA. A survey of 1,002 Continue Reading
Energy Department to Lend GM Joint Venture $2.5 Billion for Battery-Cell Plants
The U.S. Energy Department said it would loan to a General Motors Co. GM -0.43%▼ joint venture $2.5 billion to fund the construction of three battery-cell factories , part of Continue Reading