UK Electricity Bills to Surge by 10% in October
London (Agencies): UK households are bracing for a significant increase in electricity bills this October, as the energy regulator Ofgem announces a 10% rise in the energy price cap. This…
Iran Finds New Buyers of Its Oil
TEHRAN (Agencies): Iran seems to have found new buyers of its crude oil as cargoes have been recently tracked to move to Oman and Bangladesh, Reuters reported on Friday, citing…
U.S. Gasoline Prices Continue to Drop
NEW YORK (Agencies): U.S. prices at the pump slid by 3.5 cents over the past week, hitting a national average of $3.44 per gallon on Monday and down 37.2 cents…
Syrian “Godfather of Oil” for the Regime Killed in Drone Strike
Damascus (Agencies): A Syrian businessman widely known in the region as the “godfather of oil” for the regime of Bashar al-Assad was reportedly killed in an Israeli attack near the…
India to Launch 10th Round for Oil and Gas Blocks
NEW DELHI (Agencies): India is preparing to launch its tenth bidding round for oil and gas blocks in August or September, according to the Directorate General of Hydrocarbons (DGH). This…
Iran, Turkmenistan sign agreement to supply Iraq with gas
Baghdad (Agencies) – Following comprehensive discussions, an agreement regulating the exchange of gas between Iran and Turkmenistan was inked, the official Iranian media reported on Thursday. A contract was signed…
The death of the petrodollar: What really happened between the US and Saudis?
It is said that works of fiction can often convey certain truths better than a newswire. That is perhaps the light in which to view reports circulating around the internet…
Biden may tap US strategic oil reserves – FT
WASHINGTON (Agencies): US President Joe Biden may order the release of more crude from the Strategic Petroleum Reserve (SPR) in an effort to tame rising gasoline prices and inflation ahead…
Russia Explores Possibility of New Oil Pipeline to China
MOSCOW (Agencies): Russian President Vladimir Putin has revealed that an additional oil pipeline could accompany the planned mega gas pipeline from Russia to China. The proposed Power of Siberia 2…
UK Grants 31 Additional Licenses for North Sea Oil and Gas Exploration
LONDON (Agencies): The North Sea Transition Authority (NSTA) in the UK has issued an additional 31 licenses for North Sea exploration, marking the final phase of the 33rd oil and…