Egypt’s Ministry of Petroleum and Mineral Resources announced on Wednesday an increase in the prices of domestic fuel derivatives. “Egypt’s fuel pricing committee in a quarterly review raised domestic fuel prices by 0.50 Egyptian pounds [Read More]
Israeli Prime Minister Yair Lapid and his Greek counterpart Kyriakos Mitsotakis agreed to further enhance the two countries’ energy cooperation during a phone talk Wednesday. “The two leaders discussed the need to continue deepening cooperation [Read More]
The U.S. Energy Information Administration (EIA) on Tuesday lowered its 2022 price projections for WTI and Brent crude. In its July Short-Term Energy Outlook report, the agency said the spot price of Brent crude oil, [Read More]
Construction works on a second oil pipeline connecting Zambia and Tanzania have started, a Zambian government official said on Tuesday. Peter Kapala, the Minister of Energy, said construction of the pipeline has already begun with [Read More]
World oil demand is projected to grow further next year, albeit at a slower pace than in 2022, according to a report published on Tuesday by the Organization of the Petroleum Exporting Countries (OPEC). OPEC [Read More]
The foreign affairs ministers of Romania and Hungary discussed here on Tuesday ways to increase the interconnection capacity of the two countries’ gas distribution networks. Access to energy is a major concern for both countries, [Read More]
Cameroon on Monday announced measures to boost supply of petroleum products amid shortages. Minister of Water Resources and Energy, Gaston Eloundou Essomba said government was working “to mobilize adequate financial resources” to ensure steady supply [Read More]
Brazilian President Jair Bolsonaro on Monday announced his government has reached a deal to begin importing diesel fuel from Russia as part of measures to lower fuel prices at home. “It is settled. In 60 [Read More]
The flow of gas from Russia to Germany through Nord Stream 1 stopped for maintenance until July 21, severely reducing the country’s gas imports, the pipeline operator said on Monday. “Nord Stream AG has started [Read More]
Portuguese President Marcelo Rebelo de Sousa enacted a decree on Wednesday, imposing “exceptional and temporary measures” to reduce fuel prices, making effective a proposal already approved in the Portuguese parliament at the end of last [Read More]
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