Russia, Iraq and Kazakhstan reassure commitment to OPEC-Plus
Russia, alongside Iraq and Kazakhstan have submitted their compensation plans to the OPEC Secretariat for overproduced crude volumes for the first six months of 2024....
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Supply shift: End of Ukraine gas transit sets the stage for LNG and pipeline diversions
The European Union (EU) targets a ban on Russian fuel imports by 2027. However, nearly half of Russia’s pipeline gas supplies to Europe and Moldova...
EU’s 2030 net-zero targets out of reach as clean tech investments fall behind US and China
The European Union (EU) is set to fall far behind its ambitious energy transition targets for renewable energy, clean technology capacity and domestic supply chain...
Russia to supply 40 Bcm of gas to China in 2024
Russia is set to supply a record volume of gas to China this year, with expectant deliveries to reach some 40 Bcm, Igor Sechin, the...
AfDB’s capital increase moves from $201 billion to $318 – Adesina
Briefs African leaders on Bank’s progress in mobilizing financial resources for the continent The bank entered the year with a landmark $750 million “hybrid capital”,...
World oil demand decelerates, easing 710 kb/d year-on-year – slowest quarterly increase since 4Q22
The question among industry analysts particularly since the war against fossil fuels by certain die-hard net-zero emissions exponents and believers began is whether the world...
Global gas demand to rise by 2.5% in 2024 – IEA
Combined gas demand for the Middle East region and Africa to continue to rise 3 percent annually by 2024 Global gas demand is expected to...
Global electricity demand to rise strongly this year and next – IEA
The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and increasing uptake of technologies...
Less gas consumption in Europe is impacting storage tanks
Consumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural...