Gas crisis: UK must stop buying supply from Putin rages MP in times of scarcity | World | New

In a furious discussion with Tom Harwood of GB News on Tuesday, MP for Thanet South suggested the UK should instead start exploring its own gas and nuclear reserves to become more self-sufficient and less dependent on adversaries such as Vladimir Putin . His comments come amid a chaotic gas …

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India’s oil imports hit four-month high in August

India’s oil imports jumped 23% month-on-month to a four-month high of 4.2 million barrels per day (bpd) in August as refiners prepare to increase crude throughputs for the festival season which begins next month, Reuters reported. Tuesday, citing data on tankers from commercial sources. India’s oil imports also increased by …

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Saudi Arabia stocks drop as markets close; Tadawul All Share down 0.11% By Investing.com

© Reuters. Saudi Arabia stocks drop as markets close; Tadawul All Share down 0.11% Investing.com – Saudi Arabia stocks were down after Tuesday’s close, with losses in, and sectors pushing stocks down. At the close in Saudi Arabia, the decline of 0.11%. The best performers of the session on the …

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Op-ed: We don’t have time for another fossil fuel bridge

In his 2014 State of the Union address, President Obama hailed natural gas as “the transitional fuel that can power our economy with less carbon pollution that causes climate change”. The shift from coal to gas was a key pillar of Obama’s Clean Power Plan to reduce climate emissions, which …

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Soaring gas prices, another headwind for the global economy

Snow-covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland, March 18, 2014. REUTERS / Gary Cameron LONDON, Sept. 20 (Reuters) – Soaring gas prices that threaten to push up fuel bills in winter, hurt consumption and exacerbate a surge in short-term …

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CGSB shares advance more than 4% on soaring crude oil prices

Over 1.4 crore of ONGC shares changed hands on the NSE within an hour of market opening. Shares of state-owned oil exploration company – Oil and Natural Gas Corporation (ONGC) rose 4.51% to a new 52-week high of Rs 134.30 on BSE following soaring oil prices. crude oil on the …

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Saudi Arabia: new Jeddah-Mecca highway will serve 30 million pilgrims per year

Saudi road. For illustrative purposes only. Image Credit: Provided Abu Dhabi: The Saudi Ministry of Transport and Logistics is building the new 72 km Jeddah-Mecca highway, which has four lanes in each direction, and is designed to serve 30 million Umrah pilgrims each year, reported local media. The journey time …

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Ukraine ready to transport twice as much gas as Russia …

(MENAFN- UkrinForm) The annual capacity of the Ukrainian gas transit system is 146 billion cubic meters of natural gas, which allows Ukraine to transport almost twice as much gas as the Nord Stream 1 and Nord Stream pipelines 2 combined because they can only pump 55 billion cubic meters of …

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Canada’s oil industry could win big in hard-fought election

The future of Canada’s oil and gas industry – a major employer in the country and particularly in the oil-rich province of Alberta – hangs in the balance in Monday’s federal election, in which climate change is a key issue. key theme alongside the impacts of the pandemic on Canada’s …

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Energy crisis: Why gas prices have skyrocketed and left the UK facing the prospect of food shortages | Economic news

The price of gas has skyrocketed in recent weeks, bankrupting several energy suppliers and prompting warnings of food shortages in UK supermarkets. Wholesale gas prices have skyrocketed 250% since the start of the year, including an increase of 70% since August, according to the professional body Oil & Gas UK. …

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Ethanol Producer Magazine – The latest news and data on ethanol production

The key to cleaner, more affordable energy for American consumers does not lie in the oil fields of Saudi Arabia and Russia, but in the agricultural fields in the heart of our nation. Our leaders in Washington should look to American farmers for help. Anyone who has worked in the …

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Spotlight on Global Pipelines with INGU

Save to playlist published by Beloved knight, Editorial assistant Pipelines of the world, Monday, September 20, 2021 11:00 World Pipelines Editor-in-Chief Elizabeth Corner chats with John Van Pol, founder of INGU, to discuss the company’s recent article in World Pipelines. John is an innovator and entrepreneur with a career spanning …

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Marketmind: Watch These Spiraling Gas Prices

Fuel prices will be displayed at a gas station on Copacabana Beach in Rio de Janeiro, Brazil on September 2, 2021. REUTERS / Richard Moraes / Files September 20, 2021 Watch the day before from Sujatarao. A big week of monetary policy. About 16 central banks met, possibly with the …

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Saudis arrest nearly 16,500 illegal immigrants in one week

Photo as an indication Image Credit: Pixabay Abu Dhabi: As many as 16,466 violators of residence, work and border security laws were arrested across Saudi Arabia between September 9 and 15, the interior ministry said. The arrests included 6,470 residence system violators, 8,182 border security violators and 1,814 labor law …

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Two industries hit by high oil and natural gas prices

A cross-section of Wall Street experts played down the recent surge in oil prices, saying it is unlikely to harm the global recovery. One indicator that supports this claim is the oil load, or the cost of oil as a proportion of gross domestic product. According to Morgan Stanley, the …

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Landowners in Southwest Virginia Still Struggle with Pipeline Use of Prominent Estate | State and regional news

Almost four years after the Mountain Valley Pipeline began legal proceedings to take private land for the project, the controversial practice is still being challenged in court. A federal appeals court ruled this week that the arguments of a group of landowners “are not so clear” that they deserve the …

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Selling platinum takes center stage as commodities rebalance

in large part thanks to a stronger dollar as well as an imminent cut in the Fed’s bond buying program. In a virtual speech at the Fed’s annual symposium in Jackson Hole in Kansas City, Federal Reserve Chairman Jerome Powell said the central bank could start cutting its monthly bond …

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The Museums Commission charts the course for the transformation of the sector

RIYAD – The Museums Commission has announced its strategy that will transform the sector with ambitious plans to increase the number and types of museums and visitors across the Kingdom. The plan will see Saudi Arabia’s museums focus on its cultural identity and translate it into a series of tangible …

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Energy prices will drive inflation up across Europe, economists warn

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. Soaring energy prices will drive inflation up across Europe this year, hurting consumers and threatening the region’s post-pandemic economic recovery, economists warn. European gas benchmark prices have already tripled this year, even …

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Seven projects in progress to strengthen the gas transmission network

ISLAMABAD, (UrduPoint / Pakistan Point News – September 19, 2021): The two state-owned companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) are executing at least seven major projects to strengthen gas transmission and distribution networks in their respective areas. SNGPL is constructing a 12 kilometer …

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“Pakistan and Saudi Arabia bound by religion and region” – Journal

KARACHI: A book titled Pakistan’s Relations with Saudi Arabia by former Ambassador Shahid Amin was launched at the Institute of Business Management (IoBM) on Saturday afternoon. Speaking on the occasion, former Senator and Information Minister Javed Jabbar said the book was truly a distinguished contribution to a very limited range …

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Soaring energy prices could cripple the European economy

Soaring energy prices in Europe are not just affecting consumers. The price spikes have started to hit industrial activities, threatening to strike a blow at the post-COVID recovery in European economies with a triple whammy of reduced purchasing power of consumers, declining industrial production and higher operating costs. Giant European …

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Top Tory insists UK to avoid energy emergency this winter as gas prices skyrocket

It comes amid ongoing supply chain issues, with Covid and Brexit accused of reporting empty shelves in the UK Business Secretary Kwasi Kwarteng said Britain would not be affected by an energy emergency ( Image: Getty Images) Britain will not run out of energy this winter despite growing concerns about …

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Russia accused of rigging gas prices to hamper Covid recovery in UK

September 18, 2021, 10:53 The Russian state gas company is under investigation. Image: Alamy The Russian state gas company is under investigation into a spike in the price of natural gas, accused of inflating the price to undermine Britain’s recovery after the Covid-19 pandemic. Gazprom has been accused of “deliberate …

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Gasoline and diesel prices could rise with soaring international oil prices as oil companies face squeezing margins

Petrol in Delhi currently costs Rs 101.19 per liter and diesel is priced at Rs 88.62 per liter A surge in international oil prices could translate into an increase in the retail price of gasoline and diesel in India as oil companies face extreme margin squeeze, sources said. Gasoline and …

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Why some see Russia’s hand in the gas price crisis in Europe

Natural Gas Updates Sign up for myFT Daily Digest to be the first to know about natural gas news. Russia’s position as a reliable gas supplier to Europe is at stake. Record prices in the UK and mainland Europe have drawn attention to declining natural gas supplies from Russia this …

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Puri calls Saudi Arabia for second time in two months, Energy News, ET EnergyWorld

New Delhi: Oil Minister Hardeep Singh Puri on Friday called Saudi Oil Minister Abdul Aziz bin Salam Al Saud – the second such exchange in as many months – to discuss an energy partnership. “I had a warm exchange with HRH Abdul Aziz bin Salman Al Saud, Minister of Energy …

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Oil ends week on a bullish note as blackouts persist

Hurricane Ida is now officially the most devastating hurricane of all time in terms of disrupting oil production, and experts expect the blackouts to last through September. Friday, September 17, 2021 The Gulf of Mexico in the United States is gradually bringing back slack production capacity – to date, about …

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Puri calls Saudi Arabia for the second time in two months

Outlook September 17, 2021 10:04 PM IST Puri calls Saudi Arabia for the second time in two months perspectivesinde.com 1970-01-01T05: 30: 00 + 0530 New Delhi, September 17 (PTI) Oil Minister Hardeep Singh Puri on Friday called Saudi Oil Minister Abdul Aziz bin Salam Al Saud – the second such …

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Group of EU lawmakers seek to investigate Gazprom’s role in soaring gas prices

A specialist welds a pipe while completing construction of the Nord Stream 2 undersea pipeline aboard the laybarge Fortuna in German Baltic Sea waters, September 6, 2021. Nord Stream 2 / Axel Schmidt / Handout via REUTERS BRUSSELS, Sept. 17 (Reuters) – A group of European Parliament lawmakers have called …

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Russian Gazprom says gas prices in Europe could set new records

MOSCOW (Reuters) – Already high natural gas prices in Europe could reach new highs due to low levels of gas storage, Alexei Miller, boss of Russian supplier Gazprom, said on Friday. Miller also told an online conference that demand was increasing for natural gas, which he described as a “clean …

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Titas to renovate aging, accident-prone pipelines in Dhaka city

The gas transmission and distribution company Titas will undertake a vast project to overhaul its old gas pipelines in the metropolitan city of Dhaka in order to smooth the flow and minimize the risk of accidents. Official sources said the aging pipeline modification plan has become the main need amid …

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Amateur boxing world championships to offer cash prizes – Journal

LAUSANNE: The line between amateur and professional boxing blurred again Thursday with the International Boxing Association offering for the first time cash prizes of up to $ 100,000 at the historically amateur men’s world championships. The AIBA said a total fund of $ 2.6 million was in place to reward …

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Guyana grants Saudi Aramco one-year contract to market crude oil

A view shows branded oil tanks at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS / Maxim Shemetov GEORGETOWN, Sept. 16 (Reuters) – Guyana has awarded a unit of Saudi Arabian Oil Co (2222.SE), known as Aramco, a one-year contract to market the government’s share …

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The energy crisis in Europe is pushing up the prices of natural gas around the world

Natural gas prices around the world are skyrocketing amid a perfect storm of tight regional gas markets and soaring electricity prices in Europe. The natural gas rally is not yet over and there is still room to set new records, especially if the coming winter turns out to be colder …

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US on the verge of breaking another solar record despite rising costs

New solar power capacity additions in the United States are on track for a record year despite supply chain disruptions that led to price spikes that effectively ended the cheap solar narrative. In the second quarter alone, new solar installations grew 45% year-on-year to a total of 5.7 GW of …

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Enemies in the Middle East give diplomacy a boost

Sep 18, 2021 DUBAI AND ISTANBUL IIT WAS A surprising choice for a summer vacation. On August 18, Tahnoon bin Zayed, the UAE’s national security adviser (United Arab Emirates), traveled to Ankara to meet Recep Tayyip Erdogan, President of Turkey. Countries have disagreed for years over Mr. Erdogan’s support for …

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UGI Partners with California Bioenergy and Sevana Bioenergy to Develop RNG Dairy Digestor Projects in South Dakota via MBL Bioenergy

DALLAS – (COMMERCIAL THREAD) – MBL Bioenergy, LLC (“MBL Bioenergy”) announced today that it has entered into definitive agreements to develop several groups of dairy farm digesters projects to produce renewable natural gas (“RNG”) at from several farms in South Dakota. MBL Bioenergy is a joint venture funded by UGI …

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Largest Saudi IPO Since Aramco Has Investors Scrambling For More

(Bloomberg) – Investment bankers have set aside a few weeks to generate interest in Saudi Arabia’s $ 1 billion initial public offering from Aramco. They only needed hours before they had excess orders. ACWA Power International’s $ 1.2 billion IPO, priced later this month, sparks great interest among investors looking …

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Amateur Boxing World Championships To Offer Cash Prizes

FILE – On this Tuesday, October 27, 2020, file photo, Umar Kremlev, secretary general of the Russian Boxing Federation and member of the executive committee of the International Boxing Association (AIBA), speaks at a conference press release in Moscow, Russia. The line between amateur and professional boxing has blurred further …

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Russian ESPO oil prices at 21-month high, boosted by strong Chinese demand

SINGAPORE, Sept. 16 (Reuters) – The rebound in demand for crude in China has pushed prices of a Russian-grade popular with independent Chinese refiners to the highest in 21 months, several trade sources said Thursday. Russian firm Surgutneftegaz (SNGS.MM) sold three cargo shipments of ESPO crude in November at premiums …

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What happens with Lheidli T’Enneh’s civil lawsuit against Enbridge?

At 10 a.m. on Tuesday, the Lheidli T’enneh First Nation (LTFN) will live stream a news conference on social media to share new information regarding its civil lawsuit against Enbridge over the October 2018 pipeline explosion that rocked the Northside Subdivision of the First Nation for 20 kilometers. northeast of …

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Heavy gasoline consumption fuels record oil demand in the United States

Demand for oil in the United States continues its upward trajectory, hitting an all-time high last week, as commodity inventories fell to their lowest level in three years. If the demand trend continues, oil prices could rise further for the rest of the year, some analysts say. Despite the fact …

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Record-breaking energy prices could climb even higher in Europe

The European electricity market is in crisis as a perfect storm pushes prices up to ever higher heights. The timing could not have been worse as countries on the continent reopen and demand for energy increases. Most signs point to the likely continuation of the current situation when things may …

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United States withdraws missile defenses in Saudi Arabia after Afghan withdrawal

A satellite photo provided by Planet Labs Inc. shows an area of ​​Prince Sultan Air Base in Saudi Arabia that has previously seen Patriot missile batteries stationed with a forward high altitude air defense unit at the empty terminal on September 10. 2021. / AP A satellite photo provided by …

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Biden administration considers cancellation of Trump Arctic drilling plan, Energy News, ET EnergyWorld

By Yereth Rosen ANCHORAGE, Alaska, Sept. 8 – The Biden administration could reverse a Trump-era policy that opened up vast swathes of federal lands in the Alaskan Arctic to oil development, court documents show of the US District of Anchorage. The US Department of the Interior is examining whether it …

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Two decades after 9/11, Saudi Arabia wants a softer image, Middle East News & Top Stories

RIYAD (AFP) – Two decades after Saudi activists organized and carried out the 9/11 attacks, the desert kingdom is striving for change as part of a reform campaign to update its ultra-conservative image . Women can drive, and cinemas have reopened in the “new” Saudi Arabia under Crown Prince and …

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China sees opportunity as Venezuela’s oil industry hits rock bottom

Venezuela’s near collapse and strict US sanctions create an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that has been under US hegemony for decades. While Russia and Iran have, to some extent, gained a foothold in Venezuela by providing crucial support to …

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High natural gas prices weigh on Europeans and weigh on recovery

LONDON – As the world struggles to recover from the pandemic, soaring natural gas prices threaten to become a drag on economies in Europe and beyond. Wholesale fuel prices are at their highest in years – nearly five times where they were then in 2019, before people started to get …

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Rats, drought and labor shortages eat away at global edible oil recovery

Rodents relish palm fruits in Malaysia due to labor shortage Palm oil prices remain close to their all-time high Dry weather in canola regions of Canada has seen production slow High prices to encourage soybean planting in Brazil PERAK, Malaysia / SINGAPORE, Sept. 5 (Reuters) – At a sprawling oil …

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Mountain Valley Pipeline seeks identity of its anonymous detractors | Local News

No date has been set for a hearing on Mountain Valley’s request for an injunction that would remove protesters from its blasting sites. The subpoenas to Facebook require the social media giant to produce the requested information by September 17. When a person creates a page on Facebook, they have …

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Missile attack on Saudi oil region foiled – Saudi-led coalition

DUBAI, Sept. 4 (Reuters) – A ballistic missile attack targeting the oil-rich eastern region of Saudi Arabia was intercepted on Saturday, the Saudi-led coalition against the Houthi group in Yemen said in a statement disseminated by Saudi state media. The missile was intercepted over the town of Dammam, according to …

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Clean-up boats at the scene of a large oil spill in the Gulf following Hurricane Ida, Energy News, ET EnergyWorld

FILE PHOTO: Unused oil rigs lie in the Gulf of Mexico near Port Fourchon, La. August 11, 2010. REUTERS / Lee Celano / File Photo WASHINGTON: The US Coast Guard said on Saturday that cleanup crews were responding to a large oil spill in the Gulf of Mexico following Hurricane …

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Poland is increasing its gas supplies from the United States to reduce …

WARSAW, September 2 (Reuters) – Poland has decided to reduce its dependence on Russian energy by agreeing to purchase an additional 2 million tonnes of liquefied natural gas (LNG) per year from US suppliers on a period of 20 years. The additional supplies will allow the country’s largest gas company, …

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Saudi Arabia begins locating education jobs

Saudi Arabia on Wednesday began the first phase of locating educational jobs in private schools and international schools for boys and girls. This corresponds to the decision of Minister of Human Resources and Social Development Ahmed Al-Rajhi last May. According to Al-Rajhi’s decision, the Kingdom aims to Saudi Arabia a …

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Gulf Keystone Distributes $ 100 Million Amid Soaring Oil Prices

F Former stock market darling Gulf Keystone Petroleum today showed signs of a rebound after a shareholder rebellion, driven by rising share prices and new management. Some in the city say GKP still has a high cost base and doesn’t pay a high enough dividend, but new chief executive Jon …

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PSO receivables rise to Rs262b

ISLAMABAD: Despite large profits in the past fiscal year, Pakistan State Oil (PSO) continues to face the challenge of circular debt due to customers’ inability to pay their bills on time. Recently, the company announced its highest-ever after-tax profit of Rs 29.1 billion for fiscal year 2020-2021. Even if he …

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Book Review: “Oil Money” |

“Oil Money: Middle Eastern Petrodollars and the Transformation of the American Empire, 1967-1988” by David M. Wight. Cornell. 347 pages. $ 49.95. Review provided by the Washington Post. The history of modern international relations is inextricably linked with that of oil, the main post-war energy resource. Oil has been at …

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Oil-rich nations face increasing pressure to go green

Governments of long-established oil-rich countries around the world are being criticized for their decisions about oil and gas versus renewable alternatives. The once coveted natural resource is now a matter of great contention. But how will the oil industry fare over the next few decades as governments strive to be …

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For EU security, gas transit through Ukraine should be maintained at least until 2035 – CEO of Naftogaz

For the security of the European Union, the transit of gas through Ukraine must be maintained at least until 2035, when natural gas will be replaced by renewable energy sources. This is according to Yuriy Vitrenko, chairman of the board of directors of Naftogaz of Ukraine, who shared his opinion …

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PLL “Caused Rs 25 Billion Loss” in LNG Imports

ISLAMABAD: The government has suffered a loss of more than Rs 25 billion due to the failure of state-owned Pakistan LNG Limited (PLL) to make timely arrangements for the importation of the goods, the merchandise said on Wednesday. Public Accounts Committee (PAC). In recent months, the PLL had canceled cargoes …

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LNG’s position as a bridge fuel remains strong

When analysts sounded the alarm bells for Europe’s energy security earlier this month due to the looming shortage of liquefied natural gas, the culprit was identified as stronger demand for frozen fuel from Asia. But demand is still only one side of the story. The global supply of liquefied natural …

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The market for sustainable aviation fuels could see a big movement

The “Worldwide Sustainable Aviation Fuels – Market Development Scenario” study has been added to the HTF MI database. The study covers an in-depth overview, product description, industry scope and elaborates the market outlook and growth status till 2027. At present, the market expands its presence as a result the current …

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Kalol Explosion: Distrustful Government Insists CGSB Approves Construction Plan OK | Ahmedabad News

Gandhinagar: A gas pipeline explosion at an upscale residential company in Kalol near Gandhinagar eight months ago has led the state government to become hyper vigilant on the matter. In fact, the Chief Urban Planner of Gujarat has given guidance to all municipal planners and those employed by the Urban …

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Iraq seeks counterterrorism role at Baghdad summit with Iran and Arab Gulf states

Iraq has taken steps to unite the Muslim world, inviting Shia Islamic Iran to join its next summit in Baghdad which it hopes will include Saudi Arabia and its Sunni Gulf allies. The move could represent a major shift in a relationship that has bordered on open conflict in recent …

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UK GAS-Prices rise amid NS2 uncertainty and low LNG supply

British and European gas prices rose on Tuesday morning amid continued uncertainty around the start-up of the Nord Stream 2 (NS2) pipeline and a weak supply of liquefied natural gas. UK September contract TRGBNBPD1 rose 1.25 pence to 107.25 pence per therm at 0802 GMT. At the Dutch TTF hub, …

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Oil hedge fund optimism fades: Kemp

LONDON (Reuters) – Hedge funds have sold oil for the seventh time in nine weeks, as rising coronavirus infections in major oil-consuming markets dampened hopes of a rapid recovery in aviation from long-haul passengers. FILE PHOTO: A pumpjack is seen in Fellows, Calif. April 3, 2010. REUTERS / Lucy Nicholson …

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European natural gas tumbles as Norwegian supplies rebound – LNG recap

European natural gas prices fell again on Monday and weighed on those in Asia as gas pipeline imports increased and the market became clearer on exactly when Russia’s Nord Stream 2 (NS2) pipeline could begin operations. operations. Norwegian supplies surged higher on Monday as more capacity returned from the Troll …

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Big Oil seeks to attract investors with massive dividends

Big Oil has just had another successful season, posting the second straight quarter of stellar growth of highs and lows. According to the latest FactSet data, the energy sector’s second-quarter 2021 revenue growth rate of 24.9% is well above Wall Street’s estimate of 19.4%, while the industry said A profit …

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More than 900 companies join the “Made in Saudi” program with more than 2,000 products

Saudi Gazette report RIYAD – The Saudi Export Development Authority (SEDA) has revealed that the number of companies that have joined the “Made in Saudi” program has reached over 900, with more than 2,000 products registered to date, since its launch in March this year. year. There are 16 diverse …

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With Iranian Fuel Surprise, Nasrallah gave Lebanon the third way

TEHRAN – As many observers in Lebanon and beyond projected a total collapse of order in this Mediterranean Arab country, Hezbollah Secretary General Sayyed Hassan Nasrallah has opened a new path for Lebanon to break free from the shackles economic led by the United States. Nasrallah dropped a bomb last …

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Nord Stream 2 could crush European natural gas prices

We recently wrote about Soaring gas prices in Europe while Russian natural gas supplies have been surprisingly low, amid growing concerns about Europe’s inventory levels heading into winter. The uptrend in prices was finally broken yesterday – if only for now – as Bloomberg Stephen stapczynski explains, Dutch natural gas …

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MIDEAST STOCKS Saudi Arabia Extends Losses on Weak Oil, Other Major Gulf Stock Exchanges Rise

Aug.22 (Reuters) – Most of the major Gulf stock markets ended higher on Sunday, as lower oil prices continued to put pressure on the Saudi index, extending losses for a second session. In Abu Dhabi, the index (.ADI) rose 0.8%, with the country’s largest lender, First Abu Dhabi Bank (FAB.AD) …

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Celebration of the 15th anniversary of the WTR Industry Awards; USPTO criticized for its anti-fraud efforts; Exclusive interview with Gazprom Neft; and much more

The long read WTRThe annual Asia-Pacific in-depth dive is here, revealing the top corporate and law firm filers of 2020, top trends and everything in between. Monday August 16 We were pleased to announce the list of finalists for the 2021 WTR Industry Awards, the winners of which will be …

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Nirmala Sitharaman to unveil block assets on Monday

New Delhi: Union Finance Minister Nirmala Sitharaman will announce on Monday which assets will be put on the block as part of the government’s asset monetization program. Federal policy think tank NITI Aayog said the National Asset Monetization Pipeline, or NMP, includes a four-year pipeline of central government brownfield infrastructure …

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Russia has big plans for arctic oil

Russia seems to want to sell the very last barrel of oil to the world. As other energy superpowers and petro-states around the world strive to diversify their economies and gain a foothold in the burgeoning green energy transition, Russia has categorically refused to reduce its dependence on its industry. …

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Gazprom Neft Net profit in the 2nd quarter, turnover up

By Anthony O. Goriainoff Gazprom Neft said on Friday that second quarter net profit increased as revenue increased and that it would continue to focus on increasing its hydrocarbon production in the second half of the year. The Russian energy company posted net profit of 133.08 billion Russian rubles ($ …

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Oil prices stable after US call for more oil raises supply concerns

White House: OPEC + output is not enough, may harm global recovery White House not asking US oil producers to increase production US crude and gasoline inventories are falling; lower fuel consumption -EIA SINGAPORE, Aug. 12 (Reuters) – Oil prices held steady on Thursday after two days of rising after …

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Minister of Petroleum, Energy News, ET EnergyWorld

Rescued crew members of barge P305 after they were brought by INS Kochi to the Mumbai shipyard in Mumbai. Photo show / Shashank PTI Barge Papaa-305, which sank off the coast of Mumbai in May killing more than 80 people on board, had all safety and airworthiness certificates when it …

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Asia buys less Saudi crude as COVID restrictions return

Some Asian refiners named lower than normal crude oil volumes from Saudi Arabia in September, as authorities in China and the rest of Asia reimposed restrictions to combat the Delta variant push, have officials from four refineries said. Bloomberg. Aramco informed those four refineries – one in Southeast Asia and …

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Nord Stream 2: How to Make the Most of a Bad Idea

An outlet filtration installation of a gas treatment unit at the Slavyanskaya compressor station in the Leningrad region of Russia, the starting point of the Nord Stream 2 gas pipeline. Photo via Peter Kovalev / TASS. Even after the United States and Germany issued a joint statement on July 21 …

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Saudi Arabia’s non-oil revenues increase 31% to SR 116 billion in second quarter

Saudi Gazette report RIYAD – Saudi Arabia’s non-oil revenues increased 31%, reaching SR 116 billion in the second quarter of 2021. According to the budget review report released by the Ministry of Finance, the growth in oil revenues stood at 13%, reaching SR 132 billion during the same period. . …

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Saudi oil: Aramco looking for new offers to offer investors

“We’re looking at the potential of other deals we’re currently negotiating (about),” Nasser said on a call with analysts. Aramco had contacted the banks to seek an advisory role to help finance the sale of a significant minority stake in its pipelines, three sources told Reuters in June. The sale …

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Oil slips 4% on Chinese virus brakes and climate warning

WTI crude at its lowest since May China Reports Increase in New COVID-19 Cases Chinese July crude imports down 20% year on year UN panel issues dreadful climate change warning LONDON, Aug. 9 (Reuters) – Oil prices fell 4% on Monday, extending last week’s steep losses amid a rising US …

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Solid Sulfur Market 2021 Industry Growth, Emerging Trends,

Solid sulfur market The research report on 2021 Solid Sulfur Market industry would be to provide the correct and tactical analysis about the market share, growth factors, demand, industry size, regional segmentation , dynamics as well as price variant for its forecast year 2028. The research report provides key statistics …

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Saudi economy returns to growth after pandemic crisis

Saudi Arabia’s economy grew for the first time since the coronavirus pandemic in the second quarter, fueled by 10.1% growth in the non-oil sector, the government flash estimates on Monday. The data, which showed economic growth of 1.5% from a year ago, prompted economists to expect faster expansion in the …

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China doubles expansion of renewable energy

China is calling on its major utilities and local authorities to update the government monthly on their progress in building and installing renewable energy capacity as Beijing seeks to meet its energy targets. clean energy. China, which has pledged to achieve net zero emissions by 2060, a decade later than …

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‘Low point’ in World Heritage Committee history as politics ‘trampled’ on human rights of the Karen people | Great Barrier Reef

Along Thailand’s border with Myanmar, in rich forests filled with rare plants and animals, the indigenous Karen people are fighting for the right to live on their traditional lands. Last month, the UN human rights agency said the Karens continued to be forcibly evicted from the forests of Kaeng Krachan. …

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Signs of weak demand appear in oil markets

Oil market sentiment is decidedly cautious this week as covid cases rise and US crude inventories rise. Friday August 6, 2021 Although Friday’s trading session has recovered somewhat from this week’s overall declines, the general sentiment in the oil markets is still one of caution, with China and the United …

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IHS Markit: natural gas is crucial in the energy transition

Natural gas could become a mainstay of short- and long-term emission reduction, IHS Markit said in a new study this week. While many analysts and net zero advocates have started to question the role of natural gas in reducing global emissions, IHS Markit takes a different point of view. According …

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Saudi oil challenged in Asia by coronavirus and cheaper alternatives

By Sharon cho on 8/6/2021 (Bloomberg) – Saudi Arabia’s decision to increase the cost of its oil in Asia could backfire, as an outbreak of the delta virus variant in China dampens demand, while the United States and the Russia offer alternatives at more competitive prices. Saudi Aramco has increased …

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Gazprom reduces gas reserves in USFs across Europe so as not to increase gas transit through Ukraine – operator GTS

Despite the scheduled shutdown of the Yamal-Europe and Nord Stream 1 gas pipelines, as well as record price increases in European gas markets in July, Russian Gazprom has expressed no interest in Ukraine’s additional transit capacity and has started to reduce the reserves of its underground gas storage facilities in …

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Exxon production drop is very bullish for oil prices

Last week, ExxonMobil (NYSE: XOM) posted its results for the second quarter of 2021 in one of Big Oil’s most anticipated dashboards this earnings season. The largest oil and gas company in the United States displayed stellar gains it proved that the worst for the US shale industry could finally …

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Natural gas supply becomes ‘virtual’ in tribal areas | Ahmedabad News

Ahmedabad: Gujarat Gas, a public entity, has started supplying natural gas to consumers in tribal areas of Narmada district by setting up a liquefied natural gas (LNG) delivery system using cryogenic trucks. This for the first time in the country where this new system is used in a tribal belt, …

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Aramco in Saudi Arabia increases Asia, US oil prices indicate increased demand

Saudi Arabia raised oil prices for buyers in Asia and the United States for September, a sign that the world’s largest crude exporter sees demand continue to recover despite an increase in coronavirus cases in some of the major energy importers from the world. OPEC +, the Saudi-Russian-led group of …

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Young journalists get the chance to shine as Gazprom Football for Friendship gives them the opportunity to cover Euro 2020

Football may not have returned to England – but for a group of young journalists, Euro 2020 was a tournament they will never forget. England’s hopes of winning their first major in 55 years were dashed by Italy in penalties, but 15 young journalists were able to make their dreams …

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Enbridge beats earnings estimates as oil volumes rebound

Breadcrumb Links Petroleum gas New PF energy Merchandise The performance reflects a steady recovery in Canada’s oil and gas industry as rising oil prices encourage companies to restore production they shut down earlier in the pandemic Author of the article: A tank farm at the Enbridge pipeline terminal in Sarnia. …

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Oil Rises as Markets Expect Continued Drop in Inventories

US oil prices reverse after early rebound The brakes against the coronavirus and the slowdown in plant activity weigh heavily LONDON, Aug. 3 (Reuters) – Oil rose on Tuesday in anticipation of a continued decline in oil stocks in the United States, recouping some losses from the previous session amid …

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MIDEAST STOCKS Major Gulf stock exchanges mixed at the start of trading

An investor browses the Dubai financial market after Joe Biden won the US presidency, in Dubai, United Arab Emirates, November 8, 2020. REUTERS / Christopher Pike / File Photo Aug 3 (Reuters) – Major Gulf stock markets were mixed at the start of trading on Tuesday, with the Saudi index …

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Gazprom (MCX: GAZP) reinvests at lower rates of return

If we are to find a title that could multiply over the long term, what are the underlying trends that we need to look for? Ideally, a business will display two trends; first growth to come back on capital employed (ROCE) and on the other hand, an increase amount capital …

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