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23 January
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Middle East to diversify economies away from oil
Saudi Arabia and other Gulf countries have backed the energy transition. These governments are now making significant investments in renewable energy.
23 December 2022
India's oil and gas demand could disappoint in 2023
In many ways, global energy demand is boosted by India, which economic growth could be compared with the Chinese one. It positively affects the gas and oil market’s sentiment. However, the situation may change.
23 December 2022
Novak: oil price expected to be between $70 and $100 per barrel in 2023
According to the forecast of Deputy Prime Minister Alexander Novak, next year the price of oil will take a range between $70 and $100 per barrel.
23 December 2022
US sees increase in oil and natural gas rigs
According to data from Baker Hughes, the oil and gas rig count rose to 779 in the US.
23 December 2022
Gasoline in the U.S. has fallen in price ahead of Christmas
The average price per gallon of gasoline in the U.S. dropped Thursday in the run-up to the Christmas holiday. Fuel prices, so far, are down 19 cents from a year ago.
23 December 2022
The UK grid to pay a record amount to provide electricity in the country
The UK's power grid is facing record costs to provide citizens with electricity. The grid must balance supply and demand at times when markets are being pressured.
23 December 2022
EU finally reached an agreement on the implementation of a floating gas price cap
The Council of the European Union announced the final decision to create a temporary mechanism for regulating the gas market in the region with an indefinite price cap.
23 December 2022
Russia to cut gas production by 18-20% in 2022
Deputy Prime Minister Alexander Novak said that Russia would slash gas production by 18-20% to 671 billion cubic meters by the end of the year. It would supply 470 billion cubic meters to the domestic market.
23 December 2022
US gas production drops amid winter storm
Natural gas production in the United States is expected to sharply decline in comparison with figures from the winter 2021. This is due to the fact that freezing weather in main production regions led to well closures.
23 December 2022
Japan inflation accelerates, fueling expectations of BoJ tightening
Japan's key inflation gauge growth rate has significantly increased. It is equal to the one that was recorded in 1981. Thus, speculation about further change in the Bank of Japan's (BoJ) monetary policy continues to appear actively.
23 December 2022
