Many major oil companies, led by Saudi Aramco, have begun to take serious steps to diversify oil sales, especially with the rise in natural gas prices, which have reached record levels recently. Many countries view natural gas as a transitional…
Continue ReadingMany countries, led by Turkey, are seeking to secure their natural gas needs by concluding agreements and contracts with producing countries, after gas prices in the spot market witnessed record increases during the recent period. In this context, the Turkish…
Continue ReadingIraqi Oil Minister Ihsan Abdul-Jabbar said that oil prices should stabilize around current levels, reflecting the market balance. Iraq is counting on the price of oil to reduce the budget deficit, as next year's budget is expected to witness an…
Continue ReadingOil prices rose, during morning trading, today, Friday, and are heading to achieve weekly gains of nearly 5%, with the increasing shift away from gas in light of the increase in its prices. And oil prices rose by more than…
Continue ReadingNatural gas fits into China's strategies to diversify its coal-dominated energy mix, as it will contribute to its transition to carbon neutrality in hard-to-decarbonize sectors by 2060. A recent report - published by the international energy consultancy Wood Mackenzie -…
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