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CATEGORY

Energy

China Energy places order to import Australian coal, sources say

China Energy Investment Corp has placed an order to import Australian coal, three sources familiar with the matter said on Friday, in one of...

Oil prices post weekly loss amid worries on demand and global economic slowdown

Oil prices posted losses at the end of the first trading week of 2023 as demand concerns continue to weigh on the market amid...

China’s Xi calls for greater cooperation with Turkmenistan on natural gas

Chinese President Xi Jinping said on Friday he wants more cooperation with Turkmenistan on energy, Chinese state television reported. Turkmenistan, a Central Asian nation of...

Shale producer Pioneer expects OPEC to boost oil prices as Brent tumbles

The Organization of the Petroleum Exporting Countries (OPEC) will likely take steps to boost oil prices, which started the year in free-fall, the chief...

China coal buyers may be left wanting in Australia even after ban lifted

China is preparing to resume coal imports from Australia after a two year freeze as it looks to stave off a domestic shortage, but...

Asia spot prices ease in new year start as demand remains slow

Asian spot liquefied natural gas (LNG) prices eased for a third straight week at the start of the year, on the back of slower...

Europe turns to Norway, US, Guyana, Saudi crudes in 2022 to fill Russian supply gap

European refiners turned to crude grades from Norway, the US, Saudi Arabia, Guyana, and Azerbaijan in 2022 to plug the growing gap left by...

U.S. natgas eases to 1-yr low as warm weather causes worst start for year

U.S. natural gas futures eased to a fresh one-year low on Friday on forecasts for warmer-than-normal weather and lower than usual heating demand to...

U.S. drillers cut most rigs in a week since Sept. 2021 – Baker Hughes

U.S. energy firms this week cut seven oil and natural gas rigs in their biggest weekly decline since September 2021, energy services firm Baker...

Iraq’s oil earnings topped $115bln in 2022

Iraq’s oil revenues in 2022 exceeded US$115 billion, figures announced by the oil ministry on Tuesday, showed. “The total revenue from the export of crude...
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