Turkmenistan is on the verge of starting natural gas exports to Turkey, and subsequently Europe, via the expanded Trans Anatolian Natural Gas Pipeline Project (TANAP), according to Turkish President Recep Tayyip Erdogan. Turkey’s Botas Petroleum Pipeline and Azerbaijan’s Socar have signed contracts to advance an intergovernmental agreement from May focused on cooperation in natural gas. One.
The Iraqi government expects to reach an agreement with the government of the Kurdistan autonomous region to resume exports of crude oil soon, Iraq’s oil minister said, as quoted by Bloomberg. “There is a progress in these negotiations, and we hope that in the coming few days we will reach a final understanding in this.
Kazakhstan is considering new procurement standards to maximise the efficiency and effectiveness of state spending while minimising the environmental impact of public works and services. In 2023, government contracts for goods works, and services totalled approximately $19.7 billion. Historically, environmental concerns did not play a significant role in state spending. However, officials are now addressing the.
In a strategic move to bolster its commitment to sustainable energy, Saudi Aramco (2223.SE) has entered into three significant memorandums of understanding (MOUs) with U.S. companies Aeroseal, Spiritus, and Rondo. The agreements aim to explore and develop lower-carbon energy solutions, as detailed in an official statement released on Friday. Improving Pipeline Integrity The MOU with.
Crude oil prices started moving higher early on Friday, set to book their first weekly gain in several weeks as China reported growth in exports and imports, and ceasefire talks between Israel and Hamas broke down. China reported a 5.45% increase in crude oil imports specifically for last month, equal to a daily rate of.
President Biden will announce new tariffs on Chinese products next week, with electric cars among the products targeted, Reuters has reported, citing unnamed sources in the know. Besides electric vehicles, tariffs will also be imposed on semiconductors and solar power equipment. According to a Bloomberg report also citing unnamed sources, the new tariff round will also include batteries..
Tepid demand for diesel and other distillate products such as heating oil has had traders competing for storage tanks on the U.S. East Coast to wait out the current market weakness, Reuters reported on Tuesday, quoting data from storage broker The Tank Tiger. Demand for distillate storage at New York Harbor has jumped to around 300,000 barrels.
Iraq will see first natural gas production at its supergiant West Qurna field by the end of this year, Iraqi News reports, citing the Iraqi prime minister and federal energy authorities on Monday. ExxonMobil withdrew from southern Iraq’s West Qurna 1 field in January, handing operations over to PetroChina, which now enjoys the largest stake.
Petrol prices across the UK have hit an average 150.1p a litre, reaching the highest level since last November, according to the AA motoring group. Data also showed that average diesel prices rose to 158.3p a litre on Monday. Experts blamed a rise in oil prices because of tensions in the Middle East, as well.
The nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents over the past week, to hit $3.62 per gallon on Monday, according to Gasbuddy data. Compared to a month ago, average gasoline prices are up 10.8 cents, but still 1.1 cents per gallon lower than they.
