Oil prices on another round of declines next week – Manila Bulletin

Filipino consumers will get another shot next week on their fuel budgets as prices see another round of declines, albeit modest, with diesel products set to see a bigger cost cut from 1.80 to 2, 10 pesos per litre. In addition, the oil companies have calculated a price reduction of …

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Russia-Ukraine Updates: Zelensky Says There’s No Ceasefire Without Reclaiming Territory | News | DW

Ukrainian President Volodymyr Zelensky said on Friday the wall street journal newspaper that a ceasefire with Russia without recovering lost territories would only prolong the war. Ceding land that Russia currently controls would encourage aggressive Russian behavior while giving it a much-needed opportunity to regroup and rearm before launching the …

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Saudi Arabia concludes its participation in the Farnborough International Airshow

Saudi Arabia has concluded its participation in the Farnborough International Airshow (FIA 2022). The five-day show was held in the UK and witnessed large-scale participation from around the world. As part of the national “Invest Saudi” initiative, the Saudi pavilion was organized and run by the General Authority for Military …

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Canada’s Gazprom move could be part of Western war weariness

As we enter the fifth month of the war in Ukraine and the resulting food and fuel shortages around the world, parties to the conflict have begun to show crisis fatigue. They increasingly seem to be coming to terms with this mutually hurtful stalemate with no end to the violence …

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Congress explores the possibility of moving hydrogen through existing gas pipelines

WASHINGTON — Congress is considering whether the nation’s existing gas pipeline system should be used to move hydrogen, allowing its use as a transportation fuel. In a Senate hearing this week, lawmakers questioned energy industry officials about the feasibility of blending hydrogen and natural gas and whether the government needs …

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Gazprom resumes gas flows to Germany via the Nord Stream 1 gas pipeline

Comment this story Comment BEXBACH, Germany — Natural gas began to flow again on the main gas pipeline from Russia to Germany on Thursday, allaying European fears that a scheduled maintenance outage will become permanent, but not resolving broader concerns that Russia holds the continent’s energy hostage. Gas flows resumed …

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Oil prices slump as inventories and rate hikes stoke demand fears

Oil pump cylinders are seen at the Vaca Muerta shale oil and gas field in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian Join now for FREE unlimited access to Reuters.com Register Oil prices fall for second session Libyan NOC restarts production at several oil fields Gazprom …

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Australia could become the Saudi Arabia of green hydrogen, says European energy boss

Australia could become to green hydrogen what Saudi Arabia is to oil, according to a senior executive at a German energy and utilities giant. Patrick Lammers is the chief executive of E.ON, which in March signed a draft agreement with Fortescue Metals Group that will see the two companies work …

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US pipeline companies eye natural gas infrastructure for growth

The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo Join now for FREE unlimited access to Reuters.com Register NEW YORK, July 20 (Reuters) – U.S. midstream companies have set their sights on gas pipelines and …

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Oil prices fall on warnings of economic slowdown

LONDON, July 19 (Reuters) – Oil prices fell 2% on Tuesday after climbing more than $5 a barrel in the previous session, weighed on fears that an economic slowdown could hit demand for oil, although tight supply and dollar weakness limited some losses. Brent futures for September settlement were down …

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Biden’s Hollow Middle East Journey

US President Joe Biden returns from a four-day visit to Israel and Saudi Arabia with a handful of pledges on regional and energy security issues, many of which are little more than empty promises. The price paid for these hollow achievements was high. The administration of US President Joe Biden …

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How a Conservative American Network Undermined Indigenous Energy Rights in Canada | Environment

A US-based libertarian coalition has spent years lobbying the Canadian government to limit the extent to which indigenous communities can push back energy development on their own lands, newly revised strategy documents reveal. The Atlas Network has partnered with an Ottawa-based think tank – the Macdonald-Laurier Institute (MLI) – which …

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Technology versus scarcity: the disturbing reality of exponential growth

Half of all oil consumed since the dawn of the modern oil age in 1859 was consumed from 1998 to 2021 inclusive, based on data available from the BP Statistical Review of World Energy. About 1.4 trillion barrels of oil They are believed to have been consumed to date (although …

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Ukraine accuses Russia of bombing captured nuclear power plant

Ukrainian Atomic Energy Agency accused Russia to use Europe’s largest nuclear power plant to stockpile weapons and bomb the surrounding areas of Nikopol and Dnipro which were hit on Saturday. Petro Kotin, chairman of Ukraine’s nuclear agency Energoatom, described the situation at the Zaporizhzhia nuclear power plant as “extremely tense” …

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Vancouver’s inability to build housing is impacting Kelowna, Poilievre says – Kelowna News

Photo: The Canadian Press Pierre Poilievre The likely next leader of the federal Conservative Party crossed the Okanagan on Friday. Pierre Poilievre, who garners around 50% of the Conservative polls, met with party loyalists, local MPs and business leaders before leaving for Vancouver. Poilievre took a few minutes Friday to …

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ATF rates cut by 2.2% due to falling international oil prices

On Saturday, jet fuel (ATF) prices were cut 2.2%, reflecting a fall in international oil prices. Aviation turbine fuel (ATF) prices have been reduced by Rs 3,084.94 per kilolitre, or 2.2 per cent, to Rs 138,147.93 per kl, according to a price notification from fuel retailers …

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Biden’s Saudi visit aims to balance rights, oil and security

JEDDAH, Saudi Arabia — President Joe Biden met on Friday with Saudi Crown Prince Mohammed bin Salman, the man he once vowed to shun for human rights abuses, and shared a cordial thumbs up as he attempted to restore an important diplomatic relationship, strengthen Middle Eastern security and increase the …

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Oil prices drop more than $4 ahead of possible big US rate hike

Pump jacks pump oil into an oil field on the shores of the Caspian Sea in Baku, Azerbaijan October 5, 2017. REUTERS/Grigory Dukor Join now for FREE unlimited access to Reuters.com Register LONDON, July 14 (Reuters) – Oil prices fell more than $4 on Thursday as investors focused on the …

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Don’t expect Biden’s Saudi trip to lower oil prices

President Joe Biden insists his trip to Saudi Arabia on Friday covers everything from strengthening security in the region to reorienting policy with the kingdom. Anything but the one thing he really needs but can’t get: more oil. A strong push from the president is unlikely to get Saudi leaders …

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Ethanol blending in fuel crucial for energy security: minister

Union Minister Rameswar Teli said increasing the blend of ethanol in fuel was key for the country’s energy security as it would help reduce the import of fuels. Teli said oil and natural gas exploration will soon start in Meghalaya and other northeastern states, adding that the Union government …

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Gazprom maintenance cuts spark EU energy fears

Paris – As parts of Europe experience sweltering heat, fears are growing of a cold winter to come after Russian energy firm Gazprom this week cut off a key pipeline to Germany – reportedly for routine maintenance. This decision has triggered the alarm and intensifies the efforts of the European …

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OPEC sees global demand in 2023 outpacing supply

OPEC said on Tuesday that global demand will continue to outstrip supply in its outlook for the year ahead, as member countries struggle to increase flows. In the cartel’s first forecast for 2023, demand is expected to increase by 2.7 million barrels per day, while supplies from non-OPEC sources are …

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Saudi Aramco plans mega expansion of Namaat industrial complex

The Saudi Arabian Oil Company (Aramco) has announced a major expansion plan for its Namaat industrial investment program, with the signing of 55 agreements and memorandums of understanding (MoU) in the sectors of sustainability, digital, industrial manufacturing and social innovation. In a bid to focus on four key sectors, namely …

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How Europe became so dependent on Putin for its gas

Comment this story Comment Russian gas attracted Europe because it was easy to transport and almost always available. Its importance has increased in recent years as some countries have decided to end coal and nuclear power generation and production from their own gas fields has declined. Russia’s state-controlled Gazprom supplied …

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Eden Council pursues Gazprom contract to avoid £157,000 cost hike

EDEN Council is expected to continue its contract with the British branch of energy giant Gazprom. Eden District Council heard calls to cut ties with Russian gas giant Gazprom in April amid the invasion of Ukraine. The council has a contract with Gazprom to heat its municipal buildings. It was …

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Major Russian investment projects are sidelined due to sanctions

Sergei had clung for years to the hope that his hometown of Sovetskaya Gavan, a once bustling port city in the Russian Far East, would soon see better days. Sovetskaya Gavan was home to shipbuilding and repair factories, a vibrant fishing industry, and military personnel of all persuasions during the …

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In the Middle East, Biden struggles to change policy after Trump

WASHINGTON (AP) — Joe Biden has taken office with the goal of reshaping U.S. foreign policy in the Middle East, with an emphasis on promoting democracy and human rights. In fact, he has struggled on multiple fronts to meaningfully separate his approach from that of former President Donald Trump. Biden’s …

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Beware of exaggerated ‘benefits’ of carbon pipelines

Silvia Secchi is a professor in the Department of Geographic Sciences and Sustainability at the University of Iowa. One of the companies proposing pipelines in Iowa to sequester CO2 from ethanol production commissioned a report from a private firm, Ernst & Young, that grossly overestimates the economic benefits of the …

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The new Greece-Bulgaria gas pipeline should reduce dependence on Russian gas

Greece and Bulgaria have completed a gas pipeline linking the two countries, promising new sources of supply for southeastern Europe as the region seeks alternatives to Russian fuel. The long-delayed Greece-Bulgaria interconnector was inaugurated in a ceremony in Komotini, northern Greece, on Friday and could start operating by the end …

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Oil price spike: UK motorists erupt in fury as oil hits £88 a barrel | United Kingdom | New

With Boris Johnson’s resignation likely to lead to a political vacuum, the agony at the pumps is set to continue. There were also concerns that the 5p reduction in fuel duty announced in the spring statement by then-Chancellor Rishi Sunak was not passed on to motorists by retailers. Brent crude …

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Pro golfers, seduced by Saudi Arabia, prove that money rules

Despite what should have been a permanent ‘scarlet letter’ following his alleged role in the dismemberment of US journalist Jamal Khashoggi, Mohammed bin Salman, the crown prince of one of the world’s most repressive nations, is back in the news by flexing its monetary muscles. The Saudi-funded golf league known …

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Power outages are back. Was it inevitable?

Bangladesh has 100% electricity coverage and over 50% excess generation capacity. Yet ordinary people are losing their sleep over daily power outages, as total electricity generation lags behind peak demand. On July 3, the country resorted to 1,500 MW of load shedding when a cut of 1,273 MW was planned. …

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LNG drop to China’s Guangdong won’t trigger power crisis

Singapore (ICIS)–The outlook is weak for LNG demand in Guangdong province, China’s economic and export powerhouse and top gas consumption hub, according to ICIS LNG Edge data and forecasts. analysts. Moderate air-cooling demand, low manufacturing output and high gas costs for gas-fired power plants limit potential gas consumption growth in …

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How falling edible oil prices will affect consumers and FMCG companies

The days of cooking oil prices digging a hole in the pockets of India’s middle and lower class look set to fade. On Wednesday, the government ordered edible oil manufacturers to further reduce the maximum retail price (MRP) of imported cooking oils by up to Rs 10 per liter within …

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Talk of an oil market recession is overblown

Comment this story Comment The oil market suffered a sharp selloff this week, raising concerns about a repeat of the boom and bust cycle of 2008. At the time, Brent crude hit a record high of nearly $150 a barrel in July , but ended the year below $40 as …

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Gas: NLNG and stakeholders reveal how they plan to boost Nigeria’s gas supply

Nigeria’s liquefied natural gas company, NLNG, said it plans to boost Nigeria’s gas production by looking at supply, then infrastructure, as well as the business or economic framework needed to approach pipeline construction, through the ongoing NLNG train. 7 project. This is in addition to the gas to power initiative …

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Saudi Arabia raises oil prices to Asia again

By Tsvetana Paraskova – July 5, 2022, 10:00 a.m. CDT Saudi Arabia again raised the price of its oil to Asia. The Kingdom will increase its official sale prices in all regions except the United States. The move is a sign that Saudi Arabia is seeing robust …

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Live Updates: Australia’s central bank raises its key rate for the third consecutive month

Saudi Arabia will spend more than $5 billion on social security payments and boosting strategic reserves as the oil-rich kingdom feels the bite of global inflation. Saudi Arabia has managed inflation relatively well, with consumer prices rising 2.2% last month, but Saudis have started to feel the impact of higher …

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Honeywell International, Pure Technologies, PSI AG, Yokogawa Electric, Siemens – Designer Women

The latest competent intelligence report released by WMR with the title “An increase in demand and opportunities for the global oil and gas pipeline theft detection market 2022“Provides a sorted picture of Oil & Gas Pipeline Theft Detection industry by analyzing the research and information collected from various sources that …

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Arrest of economist ends last vestige of liberal influence in Putin’s Russia

Vladimir Mau was re-elected to the board of Gazprom last week. The liberal economist’s seat at the Russian gas monopoly, one of the state’s main assets, suggested Mau was still in favor with the Kremlin. The suggestion was wrong. Hours later on Thursday, Moscow police said they arrested Mau for …

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Mining industry warns energy transition is unsustainable

The energy transition has been defined by politicians as the only way forward for human civilization. Not every country on the planet agrees with this, but those that do have the loudest voices. And even amid the fossil fuel crisis that is beginning to cripple economies, transition remains a goal. …

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After Ukraine, the new energy disorder

The Ukrainian crisis has radically changed the contours of the global energy landscape and created a tangle of relations and issues for India. To iron out this entanglement and solve the problems, India should adopt a “whole system” approach to energy policy. Six months before the start of the Ukrainian …

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How to mitigate the impact of the war in Ukraine on commodity markets

The Russian invasion of Ukraine has caused major disruptions in the supply of basic commodities such as energy and food, of which Russia and Ukraine are major exporters. The war exacerbated existing pandemic-related tensions in commodity markets, which had arisen due to supply chain disruptions, weak investment in energy generation …

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Oil prices ease on recession fears, head for third weekly loss

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant/ Join now for FREE unlimited access to Reuters.com Register OPEC+ sticks to oil production policy, avoids debate in September Traders prepare for the July …

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Tax Breaks, Trans Athletes, More: Tennessee Laws Take Effect | Tennessee News

By KIMBERLEE KRUESI and JONATHAN MATTISE, Associated Press NASHVILLE, Tenn. (AP) — As Tennesseans prepare to enjoy fireworks and barbecues over the long weekend, a long list of new state laws affecting transgender athletes, whose books may be in school libraries , homeless camps and harsh criminal penalties will go …

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German porcelain maker faces fragile future due to war in Ukraine

FRANKFURT, June 29 (Reuters) – For family-run German porcelain maker Kahla, recent cuts in Russian natural gas supplies to Germany and high energy prices due to war in Ukraine pose an existential threat imminent. “As a manufacturer dependent on gas for our production…we are very concerned,” Kahla chief executive Daniel …

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Why is fuel so expensive? It’s not just the price of oil

Placeholder while loading article actions When energy prices soar, there are few places where the pain is felt as acutely as at the gas station. The cost of gasoline for your car or diesel fueling trucks is determined by a complex mix of politics in the Middle East, refining capacity, …

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Can Saudi Aramco deliver on its oil production promises?

Placeholder while loading article actions If the oil market were a religion, its central article of faith would be the maximum production capacity of Saudi Aramco, a principle based on trust in what we hope to be true and belief in properties of which we have not yet been witnesses. …

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Policy makers and individuals can act to mitigate potential health risks from natural gas

Every day, millions of Americans depend on natural gas to power appliances such as ranges, furnaces and water heaters, but until now there has been very little data on the chemical makeup of the gas once it is used. it reaches consumers. Natural gas used in homes in the Greater …

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Outgoing lottery company Camelot sees signs of cost of living crisis hitting sales

Outgoing UK National Lottery operator Camelot has revealed a drop in ticket and instant game sales as it flags signs players have been ‘tightening their belts’ over the soaring cost of the game life. Camelot, which recently took legal action against the Gambling Commission after losing the lottery’s next license …

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Critical EIA Oil Inventory Data Faces Further Delays

The Energy Information Administration will not release any further data, the agency said in an update on highly anticipated inventory numbers due to be released last Wednesday. The data was not released last week after the EIA discovered “a voltage irregularity, which caused hardware failures on two of our main …

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Israel and Saudi Arabia ‘in talks on joint defense against Iran’ | Israel

According to a report, senior military officials from Israel and Saudi Arabia met in secret US-brokered talks to discuss defense coordination against Iran. Delegations from Riyadh, as well as Qatar, the United Arab Emirates, Bahrain, Jordan and Egypt, met with the Chief of Staff of the Israel Defense Forces (IDF) …

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Funding remains Nigeria’s main constraint in the oil and gas sector – Sylva

Nigeria’s Minister of State for Petroleum, Chief Timipre Sylva, said financing remains the main constraint to unlocking the potential of Nigeria’s oil and gas sector. The Minister revealed this during the African Energy Chamber (AEC) Roundtable in Johannesburg, South Africa this weekend. According to him, Nigeria, like most oil-producing countries …

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The G7 struggling with a busy agenda of a disrupted world | G7

A cap on Russian oil prices, postponement of climate change commitments, potential famine in Africa and continued arms supply to Ukraine are to rush at a meeting of G7 world leaders in course of the next three days against the backdrop of the greatest geopolitical crisis since 1945. The agenda …

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Why Chinese imports of US LNG have collapsed

As European LNG buyers snap up shipments from the United States in a race to replace Russian pipeline deliveries, America has become a major supplier to Europe, and its sales to China have soared. reduced to a few shipments shipped so far this year. Chinese LNG imports from the United …

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Hailing social reforms in Saudi Arabia, Italian Foreign Minister Luigi Di Maio says Rome is ready to support the kingdom

RIYADH: Psychedelic researcher Stanislov Grof once wrote that “psychedelics, used responsibly and with proper caution, would be to psychiatry what the microscope is to biology and medicine or the telescope is to astronomy.” . For many, this may seem like a far-fetched claim, but now more than ever it is …

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The repair of the Russian pipeline worries Europe

When Russia shuts off gas through the Nord Stream 1 pipeline for maintenance in July, Europe begins to fear it won’t turn it back on. This week, Russia cut gas flows to Europe to 40% of pipeline capacity, blaming delays in repairing equipment and leaving Germany and other European states …

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Gazprom Dobycha Nadym launches reclamation project for Yamal’s Kruzenshternskoye field development

61% of the field area is located in Sharapov Shar Bay, Kara Sea Source: Gazprom Dobycha Nadym website Gazprom specialists Dobycha Nadym, together with design institutes, are working on technical solutions for the development of the Kruzenshternskoye field. The company will test the development of offshore fields for the first …

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Buyers jostle for long-term LNG contracts in 2022

Demand for long-term LNG contracts has risen sharply in the current year, with suppliers taking advantage of robust demand thanks to a global effort to reduce Russian imports by demanding much higher tariffs for new contracts long-term. According to a Oil and Gas Journal report10-year LNG contracts are currently priced …

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OPEC+ to stick to oil supply boost plan as Biden heads to Saudi Arabia – sources

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria August 21, 2015. Picture taken August 21. REUTERS/Heinz-Peter Bader/ Join now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – OPEC and allied producing nations including Russia are …

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Global Natural Gas Pipeline Transportation Market 2022 Industry Outlook – ABB, GE Oil & Gas, Saipem, Technip – Journal l’Action Régionale

MarketsandResearch.biz published a revised version Global gas pipeline transportation market from 2022 to 2028 research that provides critical and up-to-date information on developing engines, trend setting and outlook. Natural gas pipeline transportation provides important information for the years 2022-2028 as a result of extensive expert research. Over the projected period, …

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News from Russia: War in Ukraine Raises Taxes and Cost of Living for Gazprom | World | New

Gazprom, a majority state-owned company, could see the tax rate on its mining extraction temporarily increase later this year amid the Kremlin’s costly war in Ukraine, according to reports. This would see the company take a bigger drop in revenue between September and November. The Russian Finance Ministry has suggested …

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Senator says changing oil price transparency law ‘may take time’

PHILIPPINE STAR/WALTER BOLLOZOS The outgoing chairman of the Senate Energy Committee said so on Wednesday. “can take time” Amend the Petroleum Deregulation Act to include provisions that will make oil prices more transparent through cost unbundling. “The solution to amending the oil deregulation law is not an immediate solution (to …

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UK launches ambitious trade deal with Gulf countries

Talks kick off in Riyadh to strike a trade deal with countries covering £33.1bn of trade UK food and drink, manufacturing and renewable energy sectors would benefit from a new deal between the UK and the Gulf Cooperation Council Landmark deal would add at least £1.6bn a year to the …

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Azerbaijan becomes one of Europe’s main energy suppliers

BAKU, Azerbaijan, June 21. The growing role and opportunities of Azerbaijan, which successfully hosts important events, the participants of which discuss global issues, in particular in the field of European energy security, are internationally recognized. The IX Baku World Forum on “Challenges to the World Order”, held under the auspices …

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Here’s why global oil demand fell this spring

According to data from the Joint Organizations Data Initiative (JODI) cited by Reuters. Falling oil demand in China amid weeks of strict shutdowns in Shanghai spooked the oil market in April and through most of May as China’s zero-COVID policy led to mass testing and closures in the Chinese financial …

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Anthony Joshua’s return adds to Saudi sporting portfolio

Anthony Joshua’s rematch with Oleksandr Usyk has been announced for Saudi Arabia on August 20. Here, the PA news agency takes a look at other competitions held around the country. Formula One The first Saudi Arabian Grand Prix took place in December 2021 with a night race in Jeddah, with …

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Russia temporarily suspends gas supply via Turkish Stream gas pipeline

Russian gas giant Gazprom has announced that it will halt gas delivery through both strings of the Turkish Stream gas pipeline from June 21-28 due to scheduled annual maintenance. The suspension was agreed in advance by all interested parties, Xinhua news agency reported, citing a Gazprom …

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The inevitable result of recessions

Comment A reversal in oil prices and energy stock prices could begin. The reason for this is that oil price reversals are the inevitable result of economic recessions. Of course, this is due to previous price spikes that create demand destruction in the economy. The graph shows the price of …

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Will Biden’s Saudi visit lower oil prices? | Robin Mills

It would therefore be risky to upset the framework, knowing that production cuts could be necessary again soon. Riyadh came to value its relationship with Russia, which offered a variety of strategic and political advantages but, most importantly, allowed management of the oil market without the ever-present threat of giving …

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Expert Panel, Energy News, ET EnergyWorld

New Delhi: A government-appointed panel has suggested that India has sufficient potential to produce hydrogen from domestic coal and the country should strongly pursue this option. This is gaining prominence following Prime Minister Narendra Modi’s announcement of the hydrogen mission on India’s 75th Independence Day. Hydrogen is a clean fuel …

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Rise in jet fuel prices: jet fuel prices increased by 16%; tap a new record

On Thursday, jet fuel prices were raised by 16%, the highest rates on record, to propel rates to a record high, alongside the tightening of international oil rates. The price of aviation jet fuel (ATF) – the fuel that helps planes fly – has been increased by Rs 19,757.13 per …

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Saudi Aramco may merge business units ahead of IPO

Ahead of potential IPO plans for its trading arm, Saudi Aramco is considering a merger between Aramco Trading Co and Motiva Trading, Reuters reported Thursday. Citing two unnamed sources “familiar with the matter”, Reuters said the merger and restructuring of the two business arms could take place by the end …

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Energy leaders at transition conference still betting on fossil fuels

NEW YORK, June 14 (Reuters) – At a global transition conference, energy company executives insisted on Tuesday that fossil fuels, particularly natural gas, are still needed at a time when markets are struggling with tight energy supplies and skyrocketing prices. Oil and gas supplies have become tight in many countries …

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Why gas prices are so high

$1 $2 $3 $4 $5 per gallon 1980 1990 2000 2010 2020 Regular gas monthly average price Average June forecast $4.59 per gallon Adjusted for inflation Not adjusted Source: Energy Information Administration Note: Inflation-adjusted prices are in June 2022 dollars. The average price for June is a forecast. Gas prices …

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Biden says his visit to Saudi Arabia is about Israel, not oil prices

President Joe Biden has awkwardly asserted that his planned trip to Saudi Arabia, where he is expected to tighten ties with Saudi Crown Prince Mohammed bin Salman (MbS) and ‘advance’ from the problem of the murder of Jamal Khashoggi, has little to do with energy. He had this exchange with …

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The 4 Main Types of Bad Credit Loans

The bad credit loans are available to those who don’t have the highest credit score or have no credit at all. The four most common kinds of bad credit loans: Internet-Based Lenders Internet-based companies have become increasingly common over the last few years. Make use of one of the companies mentioned in …

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LME faces $500 million lawsuit over short nickel squeeze

Nickel prices appeared to have bottomed out in mid-May, but the trend remains down. Moreover, recent price action has shown few signs of bullish structures on a weekly basis. In total, the monthly Stainless Metals Index (MMI) fell 9.4% from May to June. LME faces nearly $500 million in lawsuits …

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Paraffin Crude Oil Market

paraffin-ease-crude-oil-market Paraffin Ease Crude Oil Market Report Coverage: Key Growth Drivers and Challenges, Regional Segmentation and Outlook, Key Industry Trends and Opportunities, Competitive Analysis, COVID-19[feminine] Impact analysis and projected recovery, and market sizing and forecasting. Latest research launched on Global Paraffin Crude Oil Market, it provides a detailed analysis …

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Don’t go to Saudi Arabia, President Biden

The news last week that the European Union has reached an agreement to drastically reduce the purchase of Russian oil is a welcome development that signals that the continent is not only united against the genocidal attack on Ukraine, but that its political leaders are prepared to make tough choices …

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ENAGAS SA/ADR (OTCMKTS:ENGGY) notes a significant increase in short-term interest

ENAGAS SA/ADR (OTCMKTS: ENGGY – Get Rating) was the target of a significant increase in short interest in May. As of May 31, there was short interest totaling 10,300 shares, an increase of 232.3% from the May 15 total of 3,100 shares. Based on an average daily volume of 38,100 …

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Biden tells Exxon to start paying taxes

As the US administration grows more desperate each week as gas prices soar above $5 a gallon in the US, President Biden is now going after individual oil and gas companies, know ExxonMobil. A statement from Biden attempting to address May inflation data contained harsh words, both for the oil …

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Bulgarian energy regulator approves 13% drop in natural gas price in June

SOFIA (Bulgaria), June 10 (SeeNews) – Bulgaria’s utilities regulator announced on Friday that it has approved a 13% monthly cut in the wholesale natural gas price for June, to 141.36 levs ($76.55/72 27 euros) per MWh, bringing the price lower than that of the Russian Gazprom which interrupted deliveries to …

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Oil import bill rises 96% in current fiscal year – Latest News – The Nation

Percentage contribution of thermal energy, hydel power decreases in the national energy mix Islamabad – The country’s oil import bill jumped 96% to $17.03 billion in the July-April fiscal year 2022, from $8.69 billion in the same period of the year last. The percentage contribution of thermal power and hydropower …

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Live Updates: Putin says it’s his ‘destiny’ to ‘return and fortify’ territories in Russia

The UK has prepared an ‘alternative’ to EU science programs as membership talks stall, the Minister for Science, Research and Innovation has said. “We in this country have voted to leave the European Monetary and Political Union,” George Freeman told the Financial Times’ Investing in Space conference on Thursday. Freeman …

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Biden’s trip to Saudi Arabia won’t solve oil market problems

When news broke last week that President Biden was planning a visit to the Middle East that would include Saudi Arabia, many industry watchers saw signs of a “thaw” in relations between Washington and Riyadh. They also saw the prospect of lower oil prices. It was, after all, to drive …

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Stocks fall on rupiah and fiscal worries

KARACHI: A range-bound trading session took place on the Pakistan Stock Exchange on Tuesday due to further devaluation of the rupee against the dollar as well as growing investor concerns over new taxes in the upcoming budget, a report said. declared Arif Habib Ltd. The government is expected to set …

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Groningen gas should be a ‘real option’ if Russia cuts supplies further

Photo: Depositphotos.com The government should seriously consider increasing gas production in Groningen to avoid shortages this winter if Russia continues to restrict supplies, officials said on Tuesday. Mining advisory board Mijnraad said in its latest analysis that the country should aim to fill its gas reserves to 100% capacity, above …

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After tax suspension, gas prices still high: AAA says blame oil prices

ROCHESTER, NY (WROC) — On June 1, New York State suspended the excise tax on motor fuel and diesel. On Monday, some gas stations were a little lower, with some climbing even higher — gradually approaching the $5.00 mark for a gallon of regular fuel. The average price in Rochester …

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Desalination project signifies potential for business-university partnerships in Saudi Arabia

DUBAI: The worlds of business and academia are too often seen as mutually exclusive. But as nations seek scalable solutions to the climate crisis, while trying to meet the demands of ever-growing populations, there is certainly merit in working to combine the efforts of these two forces. Take the recent …

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New financial conditions, same climate calculation | Reviews | Eco-Enterprise

In its latest assessment, the Intergovernmental Panel on Climate Change has offered a comprehensive overview of what it will take to keep global warming below 1.5° Celsius, compared to pre-industrial levels, according to to the 2015 Paris climate agreement. The bottom line is simple: greenhouse gas emissions must peak by …

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Sanctions against Gazprom Germania set to cost German consumers 5 billion euros: report

The sanction against Gazprom Germania, a former subsidiary of Russian energy giant Gazprom, is expected to cost German gas consumers 5 billion euros, according to the German daily WELT AM SONNTAG reported. According to the report, the company, which is under the external control of Germany’s Federal Network Agency, is …

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PPP leader slams government for rising oil prices

MARDAN: The central leader of the Pakistan People’s Party and former federal minister, Khwaja Mohammad Khan Hoti, has criticized the government for raising the prices of petroleum products and electricity. Speaking to the media here, Mr Hoti said the masses had already been hit hard by the rising prices they …

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Oman announces new oil discoveries and oil and gas deals with Iran

Saudi Arabia sets the stage for UN tourism summit as travelers seek post-pandemic change RIYADH: Saudi Arabia will host the 116th Executive Council of the United Nations World Tourism Organization on June 7-8 in Jeddah, with around 180 participants from around the world. The two-day event will deliberate on all …

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TC Energy (TSE:TRP) Earns “Hold” Rating from US Capital Advisors

TC Energy (TSE:TRP – Get a Rating) (NYSE:TRP)‘s stock had its “hold” rating restated by US Capital Advisors equity research analysts in a note to investors released Wednesday, Zacks.com reports. Several other stock analysts have also recently released reports on the company. Wells Fargo & Company cut its price target …

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New drilling stops in US oil patch

By Julianne Geiger – Jun 03, 2022, 1:10 p.m. CDT The total number of active rigs in the United States remained the same this week, after one rig fell the previous week, according to new data from Baker Hughes released on Friday. The total rig count remained at 727 this …

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Blinken: Saudi Arabia ‘essential partner’ in expanding Abraham Accords

US Secretary of State Antony Blinken said on Wednesday that Saudi Arabia was an “essential partner” in countering Iran’s power in the Middle East and helping expand the Abraham Accords, which normalized ties between Israel and the Arab countries. Blinken was asked about the Biden administration balancing its efforts to …

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EPA moves to empower states and tribes to potentially block gas pipelines and coal terminals

The pipeline used to transport crude oil is shown at Enbridge Energy’s terminal in Superior, Wisconsin, June 29, 2018. (AP Photo/Jim Mone, File) The Environmental Protection Agency said on Thursday it would seek to return powers to states to oppose gas pipelines, coal terminals and other projects that threaten lakes, …

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India’s GAIL seeks long-term LNG deal, plans to expand ties with Russia’s Gazprom

©Bloomberg India’s GAIL plans to import more LNG from Gazprom’s trading arm in Singapore. India’s gas utility GAIL is seeking a one million tonnes per annum (tpy) liquefied natural gas (LNG) import deal for ten years from 2023 to help meet the country’s growing demand for cleaner fuels amid rising …

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