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IRAN Energy News Agency 📬 Office: Unit 32. No 26. Dr Mossadegh St. Mirdamad St. Tehran. Iran ☎️ Tel: +98-2126413997 https://en.iranenergy.news
Chinese Banks Lead $120 Billion Global Financing for Coal Projects
Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research from BloombergNEF showed on Wednesday. Chinese banks accounted for a massive 76%, or $93 billion, of the arranged financing for coal projects last year, followed by U.S. banks, which were at a distant second with $10…
https://en.energytoday.ir/chinese-banks-lead-120-billion-global-financing-for-coal-projects/
The Remarkable Rise of Qatar as a Diplomatic Powerhouse
Qatar remains by far the biggest exporter of liquefied natural gas (LNG) in the Middle East, and one of the top three in the world, together with the U.S. and Australia. Alongside this, though, since Russia’s invasion of Ukraine on 24 February 2022, it has accomplished something of a geopolitical miracle. It has overcome extraordinary…
https://en.energytoday.ir/the-remarkable-rise-of-qatar-as-a-diplomatic-powerhouse/
Adnoc Signs 15-Year LNG Supply Deal with China’s ENN Natural Gas
Adnoc has signed a 15-year agreement with ENN LNG, the Singapore subsidiary of China’s ENN Natural Gas, for the delivery of at least a million metric tonnes a year of liquefied natural gas. The LNG will primarily be sourced from Adnoc’s Ruwais LNG project in Abu Dhabi, with deliveries expected to start in 2028 after…
https://en.energytoday.ir/adnoc-signs-15-year-lng-supply-deal-with-chinas-enn-natural-gas/
EU Extends Emergency Natural Gas Price Cap through January 2025
The European Union’s energy ministers approved on Tuesday a plan to extend the emergency cap on natural gas prices for another year until the end of January 2025. The original cap on gas prices, the so-called “market correction mechanism,” was introduced at the end of last year to shield industry and households from excessive spikes…
https://en.energytoday.ir/eu-extends-emergency-natural-gas-price-cap-through-january-2025/
Russia Considering Increase of Oil Supply to Uzbekistan
Russia is working on the possibility of increasing exports of oil and petroleum products to Uzbekistan, Deputy Prime Minister Denis Manturov said, Trend reports. The remark was made during the meeting of the intergovernmental commission on economic cooperation between Russia and Uzbekistan. The official noted that, the Russia supports Uzbekistan's desire to develop its own…
https://en.energytoday.ir/russia-considering-increase-of-oil-supply-to-uzbekistan/
Exxon: EU Rules on Methane Curbs may Boost LNG Industry
New rules on curbing methane emissions in Europe’s energy sector may actually boost the case for liquefied natural gas and shouldn’t affect exports from the US. “All of the progress around emissions reduction is positive for the gas business,” Peter Clarke, senior vice president for global LNG at Exxon Mobil Corp., said at the Wood…
https://en.energytoday.ir/exxon-eu-rules-on-methane-curbs-may-boost-lng-industry/
Will Falling Oil Prices Lead to Deeper OPEC+ Cuts?
The bearish positioning of oil traders in recent weeks has led to a sell-off on the market as speculators reduced bullish bets amid resurfaced concerns about the global economy and oil demand. The bullish sentiment from September, when the market was focused on the OPEC+ supply cuts, gave way to a bearish mood in the…
https://en.energytoday.ir/will-falling-oil-prices-lead-to-deeper-opec-cuts/
Energy Companies Optimistic of Global Consensus on Renewable Energy at Cop28
Global energy companies operating in the UAE are optimistic that a consensus can be reached around the Cop28 pledge of tripling renewable energy capacity and doubling energy efficiency by 2030. The US, EU and UAE are rallying other governments to join a global deal on renewables at the UN climate summit in Dubai this month.…
https://en.energytoday.ir/energy-companies-optimistic-of-global-consensus-on-renewable-energy-at-cop28/
Oil Market Faces 21-Million-Barrel Options Risk from WTI at $80
A second bumper oil options expiry in less than a month could inject volatility into crude prices Wednesday. There are about 21 million barrels worth of December $80 calls for US benchmark West Texas Intermediate that are due to expire later today. US crude futures are trading close to $78 a barrel, but a day…
https://en.energytoday.ir/oil-market-faces-21-million-barrel-options-risk-from-wti-at-80/
This Winter could Usher in a Storm for LNG Markets
The spot market for liquefied natural gas (LNG) is calmer than usual for this time of year as inventories in both Europe and Asia are high, and the weather is still mild. Demand in Europe and Asia is rising in November compared to the warmer October, but LNG spot prices in Asia have dropped in…
https://en.energytoday.ir/this-winter-could-usher-in-a-storm-for-lng-markets/
IEA: Clean Energy Jobs Boom Faces Looming Skills Crunch
There were 4.7 million more people employed in clean energy in 2022 than in 2019, according to latest data from influential organisatoin The number of people employed in the energy sector is growing fast, as demand for solar, wind, and other clean energy technologies has soared in all regions of the world. Data published this…
https://en.energytoday.ir/iea-clean-energy-jobs-boom-faces-looming-skills-crunch/
Kazakhstan to Transport more Russian Oil and Gas
Kazakhstan will transport more Russian oil and gas, the country’s president, Kassym-Jomart Tokayev, told Russian daily newspaper Izvestia on Wednesday, a day before Russian President Vladimir Putin’s visit to the Central Asian nation. The Kazakh leader appeared to be warming to the idea of a “gas union” with Russia, which would also involve Uzbekistan. Putin…
https://en.energytoday.ir/kazakhstan-to-transport-more-russian-oil-and-gas/
Oil Prices Drop amid Warning Demand in US, China
Oil prices backed off on Monday, reversing their Friday rally, as renewed concerns over waning demand in the United States and China dented market sentiment. Brent crude futures for January were down 71 cents, or 0.87%, at $80.72 a barrel at 0400 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were…
https://en.energytoday.ir/oil-prices-drop-amid-warning-demand-in-us-china/
U.S. Infrastructure Projects Boost Steel Demand
The Construction MMI (Monthly Metals Index) continued to lack strong bullish or bearish pressure month-over-month. Overall, the index only dropped by a minuscule 0.13%. Still, many factors remain at play in the construction industry, which seems to be behind the index components’ steady sideways trends. With the winter months coming, infrastructure construction will likely slow…
https://en.energytoday.ir/u-s-infrastructure-projects-boost-steel-demand/
Toyota Trials Hydrogen-Powered Vehicle on Public Roads in Australia
Toyota Motor said Saturday it is conducting trials in Australia of a vehicle powered by a hydrogen engine, making it the automaker's first such test of the environmentally friendly car on public roads. In the trial from late October through January, a specially modified van from Toyota's HiAce series is being used by local Melbourne…
https://en.energytoday.ir/toyota-trials-hydrogen-powered-vehicle-on-public-roads-in-australia/
EIA Reports Significant Build in Oil and Fuel Stocks
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an estimated inventory increase of 2.9 million barrels for the week to December 15. This followed a weekly inventory decline of 4.3 million barrels for the previous week. The estimate also came out a day after the American Petroleum Institute reported its…
https://en.energytoday.ir/eia-reports-significant-build-in-oil-and-fuel-stocks/
Red Sea Attacks could Spark Spike in Gasoline Prices
Oil prices have spiked and could remain elevated as companies try and find alternative cargo routes following vessel attacks in the Red Sea. International benchmark Brent crude has shot up to $79.35/bbl as of this morning, having opened on Monday at $77.24/bbl. The attacks, which have been occurring daily since Monday, are believed to have…
https://en.energytoday.ir/red-sea-attacks-could-spark-spike-in-gasoline-prices/
Oil Surges amid Global Escalating Geopolitical Tensions
Oil prices ticked higher on Wednesday after rising more than 1% in the previous session on jitters over global trade disruption and geopolitical tensions in the Middle East following Houthi attacks on ships in the Red Sea. Brent crude futures edged up 6 cents, or 0.1%, to $79.29 a barrel by 0137 GMT while U.S.…
https://en.energytoday.ir/oil-surges-amid-global-escalating-geopolitical-tensions/
Germany Signs $55 Billion Natural Gas Deal with Equinor
Germany’s state-controlled firm Securing Energy for Europe (Sefe) and Equinor signed on Tuesday one of the biggest-ever natural supply deals for Norway’s energy giant worth an estimated $55 billion (50 billion euros). Equinor will supply Germany’s Sefe with around 10 billion cubic meters (bcm) of natural gas per year from January 1, 2024 until 2034,…
https://en.energytoday.ir/germany-signs-55-billion-natural-gas-deal-with-equinor/
Türkiye’s Natural Gas Demand Expected to Reach 53 bcm in 2024
Türkiye’s natural gas demand is expected to increase and reach around 53 billion cubic meters (bcm) in 2024, according to Yaşar Arslan, president of Türkiye’s Natural Gas Distribution Companies' Association (GAZBIR), on Sunday. Arslan told Anadolu Agency (AA) that natural gas consumption this year may remain below the 56 billion cubic meters level announced by…
https://en.energytoday.ir/turkiyes-natural-gas-demand-expected-to-reach-53-bcm-in-2024/
Is Ocean Thermal Energy the Future of Renewable Power?
Ocean thermal energy conversion (OTEC) is the oldest renewable energy technology you’ve never heard of. The idea for the technology, which exploits the differing temperatures in different layers of ocean water to create energy, is almost 150 years old, but is only now gaining traction for practical application. While OTEC will likely never take over…
https://en.energytoday.ir/is-ocean-thermal-energy-the-future-of-renewable-power/
Aramco Starts Unconventional Tight Gas Production at South Ghawar Field
Saudi Arabia’s national petroleum and natural gas company Aramco has started producing unconventional tight gas from its South Ghawar field in Al Hasa Province, 200km east of Riyadh. Aramco has started production two months ahead of schedule, which supports its strategy to increase gas production by more than half from 2021 levels, through 2030. The…
https://en.energytoday.ir/aramco-starts-unconventional-tight-gas-production-at-south-ghawar-field/
Geothermal’s Growing Role in the Global Energy Mix
The U.K. has long had big plans for geothermal energy, having assessed the potential of converting old coal plants into geothermal facilities in recent years. But now other parts of the world are catching up, including several European states and some countries across Africa. As governments seek to diversify their green energy portfolios, many are…
https://en.energytoday.ir/geothermals-growing-role-in-the-global-energy-mix/
Turkmenistan to Present its Oil and Gas Sector to Foreign Energy Companies in Paris
Turkmenistan's oil and gas state corporations will hold an International Forum to Attract Foreign Investments in Turkmenistan's Energy Sector in Paris, France, from April 24 through April 25, 2024, Trend reports. The Forum aims to enhance chances for attracting direct foreign investments in various sectors of Turkmenistan's energy industry, as well as to strengthen regional…
https://en.energytoday.ir/turkmenistan-to-present-its-oil-and-gas-sector-to-foreign-energy-companies-in-paris/
Russia Claims it will Continue to Adapt to Oil Sanctions
Russia is adapting to the increasingly stricter U.S. sanctions on trade with Russian oil and is acting in accordance with its own interests, Kremlin spokesman Dmitry Peskov said on Tuesday, commenting on reports that the United States was looking into punishing more vessels breaching the G7 price cap on Russia’s crude. The price cap mechanism…
https://en.energytoday.ir/russia-claims-it-will-continue-to-adapt-to-oil-sanctions/
Oil Steady with Differing Views from IEA, OPEC Clouding Outlook
Oil steadied after a short-lived relief rally as the market digested differing views on the supply and demand outlook, while an industry report pointed to an expansion in US stockpiles. Global benchmark Brent traded near $83 a barrel, while West Texas Intermediate was above $78. The International Energy Agency said global oil markets won’t be…
https://en.energytoday.ir/oil-steady-with-differing-views-from-iea-opec-clouding-outlook/
World’s Largest 3D-Printed Eco Boat Unveiled in the UAE
Al Seer Marine and Abu Dhabi Maritime, both based in the United Arab Emirates (UAE), have unveiled the world’s first 3D-printed water taxi. On November 6, the companies also secured a Guinness World Records title for the largest 3D-printed boat. “Crafted from 67% recycled materials, this 11.98-meter-long marvel not only represents a technological feat but…
https://en.energytoday.ir/worlds-largest-3d-printed-eco-boat-unveiled-in-the-uae/
Russian Gas Continues to Flow into many EU Countries, including those which Formally Refused it – Gazprom CEO
Russian gas continues to be supplied to a large number of European countries, including the ones which formally refused it, Gazprom CEO Alexei Miller said in an interview with journalist Pavel Zarubin for the Moscow. Kremlin. Putin program on the Rossiya-1 (VGTRK) television channel. "Molecules in the main gas pipeline have no ethnic dimension. Exchange,…
https://en.energytoday.ir/russian-gas-continues-to-flow-into-many-eu-countries-including-those-which-formally-refused-it-gazprom-ceo/
Iran Oil Production Rises in October
Iran, which has gained an exemption from OPEC cuts deal due to U.S. sanctions, increased production to 3.05 million barrels per day (bpd) in October, as pipeline issues that affected production and exports in September were resolved, according to a survey conducted by S&P Global Commodity Insights Platts. Production is now at a five-year high,…
https://en.energytoday.ir/iran-oil-production-rises-in-october/
Iran Exports Non-Oil Goods Worth $1.3b to India in 7 Month
Iran exported non-oil commodities valued at $1.3 billion to India during the first seven months of the current Iranian calendar year (March 21-October 22), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. According to Mohammad Rezvani-Far, India was the fifth top export destination of Iranian non-oil goods in the mentioned seven-month…
https://en.energytoday.ir/iran-exports-non-oil-goods-worth-1-3b-to-india-in-7-month/