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Energy Today

China’s Crude Oil Refining Hits Three-Month Low

Crude oil refining in China fell to the lowest in three months in September as more refineries closed for regular seasonal maintenance. Even so, oil prices will likely suffer a negative impact from the news, as it also revealed refining since the start of the year was down 1.6%. Chinese refineries processed 58.73 million tons…

https://en.energytoday.ir/chinas-crude-oil-refining-hits-three-month-low/

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Energy Today

EU Has Storage Capacity to Survive End of Ukraine Gas Transit

Even if supply from Russia via Ukraine ends, the European Union can still meet its natural gas needs in next year’s winter by utilizing the bloc’s storage facilities and rolling back consumption before the peak season, according to a new industry analysis. The transit contract between the two warring countries ends December, leaving the Turkstream…

https://en.energytoday.ir/eu-has-storage-capacity-to-survive-end-of-ukraine-gas-transit/

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Energy Today

Oman’s National Oil Company Raises $2B in Record-Breaking IPO

Oman’s national oil company OQ’s upstream business part, OQ Exploration and Production (OQEP), reports that its landmark initial public offering (IPO) has raised $2 billion. The latter is a clear sign that national and international interest in GCC-based oil companies is still very high. The IPO result makes OQEP the largest listed company on the…

https://en.energytoday.ir/omans-national-oil-company-raises-2b-in-record-breaking-ipo/

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Energy Today

Rosatom Eyes Massive Expansion by 2045

Russia's state nuclear energy corporation, Rosatom, is set to present its long-term strategic development plan in 2025, mapping out its vision through 2045. This announcement came from Rosatom CEO Alexei Likhachev during a meeting with President Vladimir Putin. The timing coincides with the 80th anniversary of Russia's nuclear industry. The plan outlines ambitious goals for…

https://en.energytoday.ir/rosatom-eyes-massive-expansion-by-2045/

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Energy Today

India Plans $109 Billion of Grid Investments to Boost Renewables

India plans a massive upgrade and expansion of its power transmission system, expecting investment opportunities of $109 billion to support the integration of renewable energy sources and storage solutions, the power ministry has said. India’s new National Electricity Plan (Transmission) envisages the addition of hundreds of thousands of kilometers of transmission lines, transformation capacity, and…

https://en.energytoday.ir/india-plans-109-billion-of-grid-investments-to-boost-renewables/

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Energy Today

African Nations Plan to Launch their own Energy Bank

African countries are planning to launch their own financing vehicle for oil and gas projects in the face of growing pressure from Western financial institutions to abandon the development of these resources. The group of 18 states needs $5 billion to kickstart what it calls an energy bank. They call themselves the African Petroleum Producers…

https://en.energytoday.ir/african-nations-plan-to-launch-their-own-energy-bank/

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Energy Today

Azerbaijan’s Gas Output may Surpass Oil Production, Says Rystad Energy

Azerbaijan's gas production is poised to outpace its oil output, driven by a series of significant projects in the pipeline, Rystad Energy, an independent research and business intelligence firm, told Trend. The country's upstream gas sector is on track for substantial growth, aiming to increase gas output by 51% to 40 billion cubic meters per…

https://en.energytoday.ir/azerbaijans-gas-output-may-surpass-oil-production-says-rystad-energy/

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Energy Today

OPEC Reports Slight Increase in Iran Oil Output in September

Iran’s oil production continued to rise in September despite a global decline in output and restrictions imposed on the country’s exports because of US sanctions. Latest data by the Organization of the Petroleum Exporting Countries (OPEC) cited by local news agencies on Monday showed that Iran’s oil output had increased by 0.6% in September to…

https://en.energytoday.ir/opec-reports-slight-increase-in-iran-oil-output-in-september/

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Energy Today

China’s Coal Imports Jumped to a Record High in September

Chinese imports of coal surged to a monthly high in September, driven by increased consumption and falling international coal prices. China imported last month a total of 47.59 million metric tons of coal, a 13% increase from September 2023, data from the country’s General Administration of Customs showed on Monday. Coal-fired power generation has returned…

https://en.energytoday.ir/chinas-coal-imports-jumped-to-a-record-high-in-september/

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Energy Today

Non-Oil Exports to Russia Rise 12% in 6 Months on Year

The value of Iran’s non-oil exports to Russia rose 12 percent in the first six months of the current Iranian calendar year (March 20-September 21) compared to last year’s first half, the Islamic Republic of Iran Customs Administration (IRICA) data showed. According to the mentioned data, Iran exported 1.3 million tons of commodities worth over…

https://en.energytoday.ir/non-oil-exports-to-russia-rise-12-in-6-months-on-year/

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Energy Today

Renewable Energy Surge Lowers UK Blackout Risk

The U.K. has been gradually boosting its energy security by increasing its renewable energy capacity while continuing to produce natural gas. It has done this while also moving away from the ‘dirtiest’ fossil fuel, coal. The diversification of the U.K.’s energy mix is helping the island country to develop its resilience and help it accelerate…

https://en.energytoday.ir/renewable-energy-surge-lowers-uk-blackout-risk/

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Energy Today

U.S. Imposes New Sanctions on Iran’s Oil, Petrochemical Sectors

The United States has introduced a fresh wave of sanctions targeting Iran's oil and petrochemical industries, following Iran’s retaliatory missile attacks on Israeli military and intelligence facilities earlier this month. The sanctions, announced by the U.S. Treasury Department on Friday, are aimed at intensifying financial pressure on Iran, restricting its ability to generate revenue from…

https://en.energytoday.ir/u-s-imposes-new-sanctions-on-irans-oil-petrochemical-sectors/

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Energy Today

Kazakhstan’s Production Turns into Friction Point with OPEC+

Kazakhstan has been one of the “rogue” members of OPEC+, regularly producing more oil than it was supposed to under the bloc’s output cap agreement. Now, it seems that Kazakhstan has done it again, potentially heightening internal tensions within OPEC+. Reuters reported this week that Kazakhstan’s largest field, Tengiz, had hit record-high production levels since…

https://en.energytoday.ir/kazakhstans-production-turns-into-friction-point-with-opec/

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Energy Today

Saudi Arabia Aims for Global Hydrogen Leadership

Saudi Arabia, the Middle East’s leading energy producer, continues to pour significant resources into development of low- and zero-carbon hydrogen, apparently determined to capture a major share of the emerging global industry. According to news reports this week, the Kingdom’s Public Investment Fund (PIF) has created Energy Solutions Company to finance ‘green hydrogen’ power production…

https://en.energytoday.ir/saudi-arabia-aims-for-global-hydrogen-leadership/

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Energy Today

Exxon Expands Natural Gas Exploration Offshore Crete

A consortium led by U.S. supermajor ExxonMobil has successfully completed the first exploration phase southwest of the Greek island of Crete and has decided to proceed with the second exploration stage, Greece’s state firm Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said on Thursday. Exxon and Helleniq Energy are conducting the exploration studies in…

https://en.energytoday.ir/exxon-expands-natural-gas-exploration-offshore-crete/

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Energy Today

UK Targets Russia’s Shadow Fleet with New Oil Tanker Sanctions

The UK on Thursday imposed the largest round of sanctions to date against Russia’s shadow fleet, designating additional 18 oil tankers and four LNG tankers as it seeks to cut critical revenues for Vladimir Putin. In June, the previous UK government explicitly targeted vessels identified as belonging to the shadow fleet, used by Russia to…

https://en.energytoday.ir/uk-targets-russias-shadow-fleet-with-new-oil-tanker-sanctions/

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Energy Today

Russia’s Lukoil Visits Baghdad to Discuss Oil Projects in Iraq

Recently, a delegation from the Russian oil corporation Lukoil visited Baghdad to meet with Iraqi Prime Minister Mohammed Shia Al-Sudani to discuss matters about the company’s activities in the country. Lukoil gave a thorough update on their current activities in Iraq’s West Qurna 2 and Eridu oil fields, emphasizing the advancements made in carrying out…

https://en.energytoday.ir/russias-lukoil-visits-baghdad-to-discuss-oil-projects-in-iraq/

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Energy Today

Europe’s Renewable Power Prices Drop

Moderating inflation and reduced market volatility compared to 2022 and 2023 resulted in lower prices for renewable electricity in power purchase agreements across Europe. During the third quarter of 2024, power purchase agreements (PPAs) for electricity sourced from renewable energy showed a 12.4% decline in price, compared to the same period of 2023, according to…

https://en.energytoday.ir/europes-renewable-power-prices-drop/

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Energy Today

BMW Says EU Ban on Gasoline Cars from 2035 is “no Longer Realistic”

Germany’s car manufacturing giant BMW is warning that an EU ban on the sale of gasoline and diesel cars from 2035 is “no longer realistic” amid slow EV sales as the European auto industry will see a “massive shrinking” with such a ban. European carmakers are already struggling with their EV sales as subsidies in…

https://en.energytoday.ir/bmw-says-eu-ban-on-gasoline-cars-from-2035-is-no-longer-realistic/

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Energy Today

Iraq Exports over 5 Million Barrels of Oil to US in September

The US Energy Information Administration (EIA) announced on Tuesday that Iraq exported more than five million barrels of crude oil to the United States in September. Iraq’s exports of oil to the United States in September reached 5.97 million barrels, representing an increase compared to the country’s oil exports to the US in August, when…

https://en.energytoday.ir/iraq-exports-over-5-million-barrels-of-oil-to-us-in-september/

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Energy Today

EU Debates Future of Russian Gas Imports as Ukraine Pipeline Deal Nears End

European energy ministers are weighing two options for importing Russian natural gas, which continues to flow into the EU despite the war in Ukraine, Bloomberg reported on Oct. 15. At a meeting in Luxembourg, ministers from the EU's 27 member countries are set to discuss their readiness for the upcoming winter, given that a key…

https://en.energytoday.ir/eu-debates-future-of-russian-gas-imports-as-ukraine-pipeline-deal-nears-end/

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Energy Today

CNOOC Sees Record Oil and Gas Output from Independent Field

China National Offshore Oil Corporation (CNOOC) has revealed a record cumulative production of 9 billion m3 of natural gas and more than 900 000 m3 of crude oil from the Deep Sea #1 field. Production from the field is set to rise further as CNOOC, China’s third-largest national oil company, completes the second phase of…

https://en.energytoday.ir/cnooc-sees-record-oil-and-gas-output-from-independent-field/

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Energy Today

OPEC Oil Production Dipped by 600,000 Bpd in September amid Libyan Blockade

OPEC’s crude oil production slumped by 604,000 barrels per day (bpd) in September compared to August, as Libya’s output was largely halted amid a political standoff and Iraq moved to improve compliance with the OPEC+ cuts. All 12 OPEC producers pumped on average 26.04 million bpd of crude last month, down by 604,000 bpd from…

https://en.energytoday.ir/opec-oil-production-dipped-by-600000-bpd-in-september-amid-libyan-blockade/

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Energy Today

Gas Crunch Looms as Demand Outpaces Supply Growth

Natural gas demand is set to increase more than previously expected, the International Energy Agency reported recently. Demand will remain strong next year as well, the agency predicted, warning that this might lead to a problematic situation with supply—because that’s not growing fast enough. Just a year ago, the International Energy Agency predicted that oil…

https://en.energytoday.ir/gas-crunch-looms-as-demand-outpaces-supply-growth/

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Energy Today

Can Libya’s Oil Sector Survive the Storm?

Libya’s oil production experienced a significant decline due to a political crisis that lasted for a month. The crisis involved tensions between rival factions and led to the closure of important oil fields and ports. Output dropped by over 80%, from 1.2 million barrels per day (bpd) to approximately 500,000 bpd. The appointment of Nagy…

https://en.energytoday.ir/can-libyas-oil-sector-survive-the-storm/

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Energy Today

Turkey Expects Concrete Developments on Gas Hub within Months

Energy and Natural Resources Minister Alparslan Bayraktar on Thursday said Turkey anticipates "concrete developments" regarding the planned regional natural gas hub project in the coming months. In 2022, Russia proposed setting up a gas hub in Turkey to replace lost sales to Europe, supporting Ankara's long-held desire to function as an exchange for energy-starved countries.…

https://en.energytoday.ir/turkey-expects-concrete-developments-on-gas-hub-within-months/

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Energy Today

China is Winning the Race for Ultra-Fast Charging EV Batteries

The world's biggest battery makers are working to make electric vehicles more attractive to hesitant buyers by offering a five-minute charge time for a decent range that would give drivers the same superfast experience as they would have at a gas station. Currently, the charging times for EVs range anywhere from 20 minutes to 50…

https://en.energytoday.ir/china-is-winning-the-race-for-ultra-fast-charging-ev-batteries/

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Energy Today

Gazprom Warns of Rising EU Gas Volatility amidst Deindustrialization Fears

Gazprom CEO Alexei Miller has issued a stark warning about the future of the European gas market. Speaking at the St. Petersburg International Gas Forum, Miller highlighted the rising volatility in gas prices and the possibility of new price shocks and supply disruptions. He attributed these risks to Europe's ongoing "deindustrialization," a result of high…

https://en.energytoday.ir/gazprom-warns-of-rising-eu-gas-volatility-amidst-deindustrialization-fears/

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Energy Today

Saudi, UAE, Qatar Lobbying DC to Keep Gulf Oil Safe from Israel

As Iran visits Gulf states to scrounge up support in the face of what many believe is an impending strike by Israel, Reuters reports that Saudi Arabia, UAE and Qatar are lobbying Washington to thwart Israel. On Thursday, Iranian Foreign Minister Abbas Araghchi told the media that the country was seeking support from Gulf nations…

https://en.energytoday.ir/saudi-uae-qatar-lobbying-dc-to-keep-gulf-oil-safe-from-israel/

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Energy Today

Global Energy Industry Emissions Set to Peak in 2024

https://en.energytoday.ir/global-energy-industry-emissions-set-to-peak-in-2024/

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