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BP to stick with oil and gas for decades, CEO says

BP will continue producing hydrocarbons for decades to come and will benefit from rising oil prices even as it reduces output as part of its…

100 km of the gas interconnector with Greece are completely ready

The interconnector is of great importance for the security of supplies and the diversification of natural gas sources and we cannot afford to compromise with…

Saudi Arabia to supply full July crude oil volumes to buyers in Asia

Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, Report informs, citing Reuters. OPEC+ agreed in April…

Oil falling in price on production growth in US

Global oil prices are falling on June 10 morning due to the increase in the production and oil reserves in the US, WTI is already…

All 76 turbines installed at Denmark’s largest offshore wind farm

Swedish energy company Vattenfall has installed all 72 turbines at its Kriegers Flak offshore wind farm in Denmark. According to Vattenfall, Kriegers Flak will be…

Saudi Arabia to increase prices for most grades of oil

Saudi Arabia will raise prices for most types of oil for Asian buyers in July, state-owned Saudi Aramco said. Report informs that the price of the…

Global LNG trade reaches record volumes

Global trade in liquefied natural gas (LNG) reached record levels in 2020, Report informs referring to NGV. However, this growth has been limited by the impact of…

Ministry of Energy awards tender for construction of 457 MW solar energy plant

New plant is part of Uzbekistan’s ambitious 2030 renewable energy strategy The Ministry of Energy of Uzbekistan is pleased to announce the Winning Bidder of…

OPEC + recommends keeping growth plan for oil production

The monitoring committee of OPEC + ministers recommended keeping the plan of growth of oil production, adopted in April, for June and July, Report mentions, referring to…

OPEC: Global oil demand to increase significantly in late 2021

The global oil demand will exceed 99 million barrels per day in the fourth quarter of 2021, bouncing back to the pre-pandemic level, Report informs, citing OPEC…

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