Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.
According to the Nikkei business daily, "the energy measures include subsidies…
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Algeria
OPEC+ implements new moderate production increase
The energy ministers of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman approved increasing crude oil production to 188,000 barrels per day starting in August.
This is the organization's fifth consecutive increase, amid…
OPEC+ to increase oil production in July
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman participated in a virtual meeting last Sunday, during which they agreed to increase oil production by 188,000 barrels per day next month.
This marks the fourth consecutive…
OPEC+ agreed to increase production to 137,000 barrels per day in October
Starting next October, the Organization of the Petroleum Exporting Countries (OPEC+) will increase production to 137,000 barrels per day, according to eight members at a virtual meeting last Sunday, September 7.
Thus, Saudi Arabia, Russia,…
OPEC+ members agreed to increase production
The recent decision by eight OPEC+ members to maintain the increase in crude oil production in May led prices to extend their previous losses.
On Thursday, April 3, Russia, Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, Algeria,…
Brussels allocates an additional 25.5 million to combat the food crisis in Africa
The European Commission has assigned this Thursday an additional 25.5 million euros to combat the food crisis in several African countries, a situation exacerbated by the Russian aggression against Ukraine, and to help those displaced by…
The US retook the first position as a gas supplier to Spain
Last November, the United States resumed first place as the main source of natural gas supply to Spain, with 20.6 % of the total, after having been surpassed in September and October by Algeria, according to data from the Enagás bulletin.…