Oil and Gas

G7 leaders meeting in Germany discuss plans to reduce Russian revenues from oil exports amid a surge in energy prices.Leaders of Group of Seven (G7) nations have discussed plans to…

Counterterrorism forces in Sulaimaniyah province confirmed there had been no casualties or damage to the gas complex.A Katyusha rocket struck near an Emirati-owned gas complex in…

German economy minister says the step reflected the ‘significant deterioration of the gas supply situation’.Germany has moved closer to rationing gas as it raised the alert level…

Head of IEA says Europe needs ‘contingency plans’ as Russia may further reduce gas deliveries amid its war in Ukraine.Russia may cut off gas to Europe entirely as it seeks to…

Canada’s contentious Trans Mountain pipeline is no longer profitable, a parliamentary budget watchdog has found, as the expansion project on the country’s west coast has faced…

As American consumers feel the pinch of rising energy prices, the Biden administration struggles to find solutions.In the face of rising prices for petrol or gas – which currently…

Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement.An International Monetary Fund (IMF) team arrives in Sri Lanka on…

US official says absent return to nuclear deal, Washington will use sanctions to limit Iranian petrochemical exports.The United States has imposed sanctions on Chinese and Emirati…

The tripartite agreement will allow ‘significant’ exports of Israeli gas to Europe for the first time.The European Union, Israel and Egypt have signed a tripartite natural gas…

With US inflation accelerating to a 40-year high and China imposing new curbs, investors questioned economic recovery.Oil dropped more than $2 on Monday as a flare-up in COVID-19…