Asian spot liquefied natural gas (LNG) prices dropped this week as scarce demand, rising supplies and continuing weak crude oil markets put off hopes of a winter rally, Reuters reported.
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Energy
Iran and Turkmenistan extended an electricity trade deal until 2020.
The fracking revolution in the US has dramatically expanded the supply of unconventional natural gas and lowered energy prices around the world.
Many other countries, from Britain…
The European Commission may once again delay a decision on providing full access for Russian energy giant Gazprom to the OPAL gas pipeline, Russian Energy Minister Alexander Novak said.
The government wants the private sector to play a bigger role in the development of power plants, managing director of Iran Power Development Co. (IPDC) said, Moj news agency reported.
The Venezuelan petroleum export basket, which includes crude oil and refined products, dropped on Friday to $75.90 per barrel, its lowest level in nearly four years due to oversupply concerns. The…
Chevron and BP made an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico, Fuel Fix reported. The discovery well, located about 180 miles from the…
Iranian firms are implementing 31 water and electricity projects worth $1.3 billion in Iraq, director of exports, technical and engineering services development of the ministry of energy Bahram…
European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight…
Boeing and the Chinese airplane manufacturer Commercial Aircraft Corp. (COMAC) are working together on a biofuel project that would turn China’s rivers of used cooking fat, known as “gutter oil,”…
The US largest independent oil companies are banding together to lobby for the right to export crude around the world, Fuel Fix reported.
Billions of Iranian export earnings have been blocked in South Korea despite the easing of international sanctions against the petrochemical industry, head of Petrochemical Employers…
Iran has called on Russia to cooperate in the construction of power plants with a $7 billion investment, said deputy energy minister Houshang Falahatian, Mehr news agency reported.
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The economic council of the parliament approved funding of four oil projects under Note 2(G) of the national budget law in the present Iranian calendar year (ending March 2015), Shana reported.
Russia's biggest oil producer Rosneft will continue drilling in the Arctic Kara Sea on its own after the departure of its partner, US oil major ExxonMobil, due to sanctions, the company's head…
Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of…
Ukraine should be able to find ways of paying for Russian gas supplies within a week, Russian Energy Minister Alexander Novak said on Wednesday, suggesting a standoff would end once Moscow…
Iraq is in dire need to increase its electricity output and has expressed interest in buying the entire electricity output of Gotvand power station, said deputy executive director of Gotvand dam…
Turkey will abandon the “take or pay” principle in gas supplies from Azerbaijan and Iran, Turkish Minister of Energy and Natural Resources Taner Yildiz told local media.
Yildiz said that…
China's September crude oil imports from Iran rose 5.8 percent from a year earlier to 503,261 barrels per day (bpd), in an expected rebound after a fall in the previous month, customs data showed…
Installed wind power capacity could swell by 530 percent to 2,000 gigawatts (GW) by 2030, supplying up to 19 percent of global electricity, a report from a trade association and Greenpeace said.…
A petrochemical development fund has been established in cooperation with the Securities and Exchange Organization (SEO), Mehr News reported.
Russian oil and gas companies may seek financial aid from the country’s National Welfare Fund amid Western sanctions, deputy prime minister Arkady Dvorkovich said on Wednesday. “The government is…
Halliburton Co, the world's No.2 oilfield services provider, reported a 70 percent rise in net income attributable to the company, helped by stronger drilling activity and demand for production…
Japan’s record purchases of liquefied natural gas (LNG) show no sign of slowing as the country continues to try and fill the energy shortfall created when it took its nuclear plants offline three…
