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Saudi Arabia and the UAE have starring roles to play in the oil market this summer, as the only producers in the world holding any significant spare output capacity. But much of it is from untested fields, and as the core OPEC members face increasing pressure to tame the oil price rally, ahead of a ...
The Russian squeeze of the energy supplies has prompted the Europeans to scamper for new alternatives, and their attention is increasingly shifting to Iran.
The cut in Russian gas deliveries to a number of EU member states “underscores” the importance of collaboration between the US and the European Commission on ending reliance on Russian energy, US President Joe Biden and EC President Ursula von der Leyen said June 27. In a joint statement, the two presidents said immediate steps ...
This week we kick off with Chinese energy and commodity trends: in power generation, renewable share has grown at the expense of thermal, while steel markets are looking for signs of improving demand. Plus, a look at the pattern of US energy costs and recessions, and California low-carbon power generation. 1. China’s use of thermal ...
India is exploring options to sign term crude deals with smaller suppliers as well as Russia, a sign that triple-digit oil prices and a ballooning import bill are prompting New Delhi to look beyond traditional exporting regions, such as the Middle East, for term crude sourcing. As the country feels the pain of soaring oil ...