Iran To Raise Oil Output To Over 4 Million Bpd By March 2023
Iran will raise its oil production capacity to over 4 million barrels per day (bpd) by the end of the current Iranian year that ends in March 2023, the chief Continue Reading
Indonesia hikes fuel prices to rein in ballooning subsidies
Indonesia raised subsidized fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidised gasoline Continue Reading
U.S. Rig Count Slips Amid Retreat In Crude Prices
The number of total active drilling rigs in the United States dropped by 5 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
U.S. job growth solid in August; labor market pressure starting to ease
U.S. employers hired more workers than expected in August, but moderate wage growth and a rise in the unemployment rate to 3.7% suggested the labor market was starting to loosen, Continue Reading
Russia delays reopening of Nord Stream in blow to gas-starved Europe
Nord Stream flows halted for three days this week Gas deliveries were due to resume on Saturday at 0100 GMT Russia blames sanctions for pipeline disruptions Brussels says Moscow using Continue Reading
IAEA chief plans to issue report on Zaporizhzhia early next week
U.N. atomic watchdog chief Rafael Grossi said on Friday he plans to issue a report on the safety of the Russian-held Zaporizhzhia nuclear power plant in Ukraine early next week. Continue Reading
Gazprom Won’t Reopen Gas Pipeline in Energy Shock to Europe
Gazprom Says Nord Stream to Remain Shut After Tech Issue Bloomberg News Russia’s Gazprom PJSC said its key gas pipeline to Europe won’t reopen as planned, moving the region a Continue Reading
European Stainless Steel Mills Are Closing Due To Energy Crisis
Stainless steel mills are closing across Europe due to the ongoing energy crisis. Around three million tons of Europe’s stainless steel capacity is at risk. This sort of “commodity” standoff Continue Reading
France’s EDF Vows To Restart All Nuclear Reactors By Winter
France’s state-held utility giant EDF will restart all its nuclear reactors in the country this winter, potentially alleviating the energy crisis in Europe during peak heating season. Currently, more than Continue Reading
EDF’s reactor restarts for winter will be monitored: minister
Highlights 32 out of 56 French reactors currently offline EDF committed to restart all reactors: minister Platts Analytics forecasts Dec. to average 44 GW France’s government is to closely monitor Continue Reading