Oil prices dropped on Wednesday, snapping a three-day winning streak. The West Texas Intermediate for August delivery lost 1.96 U.S. dollars, or 1.9 percent, to settle at 102.26 dollars a barrel on the New York [Read More]
The European Commission on Wednesday unveiled proposals for member states to reduce their gas consumption by 15 percent from Aug. 1 till the end of March 2023. The plan, named “Save Gas for a Safe [Read More]
The Czech Republic has secured an annual gas capacity of 3 billion cubic meters from a liquefied natural gas (LNG) terminal in the Netherlands, the Minister of Industry and Trade Jozef Sikela said on Tuesday. [Read More]
Oil prices climbed on Tuesday as concerns over tight supplies gained the upper hand on the market. The West Texas Intermediate for August delivery added 1.62 U.S. dollars, or 1.6 percent, to settle at 104.22 [Read More]
The American Petroleum Institute (API) on Tuesday reported an increase of 1.86 million barrels of crude oil in U.S. inventories for the week ending July 15. Analysts had expected a hike of about 0.333 million [Read More]
Algeria’s state-owned oil company Sonatrach inked on Tuesday in Algiers a deal worth 4 billion U.S. dollars with three energy companies from Europe and the United States. The agreement reached between Sonatrach and U.S. company [Read More]
Tehran and Moscow on Tuesday signed a memorandum of understanding, based on which the latter is expected to make an investment worth roughly 40 billion U.S. dollars in Iran’s petroleum industry, the Iranian Oil Ministry’s [Read More]
Portuguese Prime Minister Antonio Costa inaugurated Monday a hydroelectric complex on the Tamega river in northern Portugal to help the country fight against climate change. Noting that there is “no time to waste” in dealing [Read More]
Italian Prime Minister Mario Draghi arrived in Algeria on Monday for a one-day visit, during which he is expected to finalize deals to increase Algeria’s natural gas supply to Italy to ease Italy’s dependence on [Read More]
Tanzanian authorities have launched a campaign aimed at mobilizing people to use alternative energy, including using gas for cooking, to stop deforestation. January Makamba, the Minister for Energy, said the first phase of the campaign [Read More]
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