This is the third time this month that Pakistan failed to complete an LNG tender for July, and the country’s inability to purchase fuel threatens to exacerbate electricity shortages just as hotter weather boosts air conditioning and power demand.

By mid-session on June 23, the NYMEX Henry Hub July contract had dropped more than 60 cents, trading around $6.20/MMBtu by 1 pm ET.

The balance had now “tipped” in favour of an economic contraction next year in the US and Europe. “What used to be a rising risk has now turned into the base case.”

"OPEC+ is not going to change the plans at this month's meeting," an OPEC+ source said. Four other sources made similar remarks.

Europe has imported a record amount of LNG so far this year, 60% more than a year ago, helping to keep European prices at the Dutch TTF hub, the European gas benchmark,

Brent fell $1.3, or 1.2%, to $110.40, WTI fell $1.4, or 1.3%, to $104.78 a barrel.

The price of OPEC basket of thirteen crudes stood at $111.09 a barrel

U.S. Rig Count is up 13 from last week to 753, Canada Rig Count is down 2 from last week to 154.

Cuba had 1,198 MW of installed renewables in 2020, which accounted for 18% of the nation’s total energy capacity.

Стороны рассмотрели перспективы сотрудничества России и Узбекистана в нефтегазовой сфере и в электроэнергетике.

Стороны рассмотрели перспективы сотрудничества России и Таджикистана в нефтегазовой сфере и в электроэнергетике.

В нынешних условиях подтверждается востребованность сотрудничества между государствами-членами ШОС.

Банк должен играть ключевую роль на евразийском пространстве, способствуя расширению торгово-экономических связей между нашими странами.

Nuclear energy is both critical to meeting global environmental sustainability commitments and a key asset for global energy security.

Based on the median projection for the policy rate published at the June FOMC meeting, we expect the U.S. economy will slow in 2022-23 but narrowly avoid a recession.

"Today, nobody is bothering who is buying what from where. We are quite happy to source from as far as we can," a leading Indian oil ministry source said.

Brent edged down 8 cents to $113.04 a barrel , WTI was at $107.38 a barrel, down 24 cents.

US Energy Information Administration reports a capacity factor of 25% for solar generation.

As energy is of national importance, a national policy, national rules and regulations are necessary. At the same time, we are facing massive changes in the energy sector.

Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.