Iran and Nigeria signed agreements here on Saturday to expand energy cooperation, Iran’s Oil Ministry’s news service Shana reported. The agreements were signed in the presence of Iranian Petroleum Minister Javad Owji and Nigerian Minister [Read More]
Twelve gas suppliers in Germany have registered claims for payments from funds to be collected under a new gas levy to be charged to consumers between Oct. 1 and March 2024, the country’s gas market [Read More]
A senior executive of the Iranian Offshore Oil Company said his country planned to start developing the offshore Esfandiar oilfield in Iran that is connected to a Saudi oilfield, Iran’s Tasnim news agency reported on [Read More]
Sri Lanka’s state-owned fuel distributor Ceylon Petroleum Corporation (CPC) hiked the price of kerosene with effect from Sunday midnight to cut losses. Issuing a statement, the CPC said the price of a liter of kerosene [Read More]
Russian gas giant Gazprom announced on Friday that it will suspend natural gas delivery to Europe via the Nord Stream 1 pipeline from Aug. 31 to Sept. 2 due to maintenance. The only working gas [Read More]
The German government decided to temporarily lower the value-added tax (VAT) on gas from 19 percent to 7 percent until the end of March 2024, Chancellor Olaf Scholz announced on Thursday. “With this step, we [Read More]
Oil prices rose on Thursday, extending the gains they had scored in the prior session. The West Texas Intermediate for September delivery added 2.39 U.S. dollars, or 2.7 percent, to settle at 90.50 dollars a [Read More]
Energy-starved Bangladesh indicated on Tuesday its plan to import crude oil from Russia amid price concerns. “If India can procure (oil from Russia) with non-dollar payment, why can’t we?” Prime Minister Sheikh Hasina was quoted [Read More]
Hezbollah leader Sayyed Hassan Nasrallah on Tuesday warned Israel against making any miscalculations toward Lebanon, stressing that the Lebanese party will spare no efforts to protect Lebanon’s oil and gas. “We are very serious in [Read More]
The Czech Republic reported a foreign trade deficit of 12.1 billion Czech crowns (503 million U.S. dollars) for the month of June, according to a preliminary report by the Czech Statistical Office (CSU) on Monday. [Read More]
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