Other news

Algerian Minister of Energy and Extractive Industries Mohammed Arkab will be responsible for increasing the level of gas production. That was issued by President A. Tebboune in order to maintain the average national level of consumption.

Gold prices jumped ahead of Christmas. Data released on Friday showed that US inflation cooled in November. However, the Federal Reserve may not consider it as a strong argument to slow the pace of interest rate hikes.

It is likely that gold will manage to outperform most asset classes in the upcoming year. However, some specialists believe that the precious metal will not show any rapid increase at least until the second half of the year.

U.S. consumers expect price pressures to ease significantly next year. However, Friday's benchmark study showed that the U.S. annual inflation forecast fell to its lowest level in a year and a half in December.

In the face of uncertainties, the OPEC+ alliance has no choice but to remain vigilant. That statement was made by Prince Abdulaziz bin Salman Al Saud, Saudi Arabia's energy minister, in an interview with the Saudi Press Agency (SPA).

Last week, wind energy production in Europe spiked. Meanwhile, gas injected into the region's underground storage facilities exceeded its extraction rates for the first time since the heating season began. This is reported by Wind Europe, along with Gas Infrastructure Europe (GIE).

The first batch of diesel fuel from Kuwait has been sent to the European Union. As noted in the statement of the Kuwait National Petroleum Company (KNPC), which was received by the country's news agency KUNA, the fuel was produced according to special standards.

Many oil refineries located along the U.S. Gulf Coast were closed due to low temperatures. Although statements about the fast restore of production rates were made, fuel prices have already risen.

Power cutoffs and flight cancellations were not the only consequences of freezing temperatures across more of the U.S.

Japanese consumers of Russian LNG evaluate how the rules of shipping insurance may influence the supplies from a key project Sakhalin-2. It is located in the Far East of RF.