By Reuters Staff
1 Min Read
CAIRO, Feb 18 (Reuters) - Egypt on Thursday announced the launch of a bid round for the exploration and production of oil and natural gas in 24 blocks.
The blocks are located in the Gulf of Suez, the Western Desert, and the Eastern and Western Mediterranean, the petroleum ministry said in a statement. (Reporting by Ehab Farouk Writing by Nafisa Eltahir Editing by Aidan Lewis)
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and that oil producers must remain "extremely cautious".
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BAGHDAD, Feb 10 (Reuters) - Iraq said on Wednesday OPEC+ would keep its output cuts policy unchanged at a March meeting, but that Saudi Arabia would likely abandon voluntary production cuts of 1 million barrels per day (bpd) after that as oil prices rally.
Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad.
Abdul Jabbar said he hoped Saudi Aramco might get a share in a deal to develop Iraq’s Akkas gas field.
He said a consortium led by oilfield services provider Schlumberger was now the front-runner to win that project and that Iraq intended to cancel an agreement over Akkas with South Korea’s KOGAS in the coming months.
6 Min Read
LONDON/TOKYO/NEW YORK (Reuters) - A perfect storm of freezing temperatures and a supply-led gas price rally has stoked thermal coal demand, with prices at multi-year highs, reminding power suppliers and consumers that its appeal won’t fade in a straight line.
FILE PHOTO: Steam rises from the cooling towers of the coal power plant of RWE, one of Europe s biggest electricity and gas companies in Niederaussem, Germany, March 3, 2016. REUTERS/Wolfgang Rattay
The northern hemisphere weather has highlighted coal’s relative endurance, some 200 years after it was powering the first Industrial Revolution, even as several countries abandon the fuel to decarbonise and meet climate change targets.
Algerian President Abdelmadjid Tebboune,75, returned home after hospitalization in Germany for complications in his foot resulting from a Coronavirus infection, Ennahar TV reported on Friday.