Saudi Arabia Extends One Million BPD Production Cut Through End Of Year
Citing an official source in the Saudi Arabian Ministry of Energy, the Saudi Press Agency has reported that the government of Saudi Arabia has made the decision to extend the…
Saudi Arabia Sees Forex Reserves Plunge
In its monthly report, the Saudi Arabian central bank revealed that in July, the kingdom’s foreign reserves fell by over $16 billion, in the biggest drop since the outbreak of…
Brazil Oil And Gas Production Hits Record Levels
In July, Brazilian oil and gas production hit a record level, beating out a previous record set in June, according to the nation’s oil regulator ANP this week. The data…
Serbian Leader Warns West, Hoping To Dissuade Sabotage Of Russian Gas Pipelines Serbia Needs
Noting the importance of the TurkStream pipeline’s supply of natural gas to his country, Serbian President Aleksandar Vucic said in a statement that it is his hope that the pipeline,…
German Companies Increasingly Looking To Move Operations Abroad
According to a survey by the German Chamber of Commerce and Industry (DIHK), over 50 percent of German businesses believe the transition toward renewable energy and away from cheap Russian…
France Clears Power Companies To Burn More Coal
A new Bloomberg report is revealing that the French government has given power generation companies permission to burn more coal over the coming months so as to prevent energy shortages…
British Energy Regulator Predicts High Energy Costs This Winter
British energy regulator Ofgem has released an analysis showing that UK households are facing the prospect of high energy costs this winter heating season, even in spite of the energy…
China Grows More Prominent On Global LNG Market
In a report this week, Reuters revealed that Chinese liquified natural gas (LNG) importers have been signing new contracts with suppliers on the world market in an effort to increase…
BRICS To Shake Up Global Oil Market Control
On Thursday, the InfoTech news outlet published an analysis which shows the power balance in the global energy market is on course to shift markedly due to the BRICS group…
US Imports Twice As Much Russian Uranium
On Thursday, RIA Novosti, citing data from the US statistical service, reported that in the first half of the year, the United States purchased 416 tons of uranium from Russia,…
