Turkish foreign ministry denounced the comments as "unacceptable." The ministry said that French President has "difficulties in confronting his colonial past in Africa, especially Algeria."

French President Emmanuel Macron and his Algerian counterpart Abdelmadjid Tebboune Saturday declared a "new, irreversible dynamic of progress" in their nations' ties, concluding a visit by Macron aimed at ending months of tensions. The three-day visit comes less than two months after Algeria marked six decades of independence following 132...

There is a risk of a radioactive leak at Ukraine's Zaporizhzhia nuclear power plant, occupied by Russian troops, the state energy operator said Saturday. Enervator said Moscow's troops had "shelled" the site of the plant in Ukraine over the past day. Kyiv and Moscow have traded accusations over shelling in...

Stock slumped on Friday after Federal Reserve boss Jerome Powell pledged to act "forcefully" against soaring inflation in a battle that will be painful for Americans. The Fed has been on a campaign to raise interest rates and Powell said at Jackson Hole that the fight against inflation is not...

German ministers vowed to reexamine a planned gas surcharge imposed on consumers after it emerged that some energy companies seeking a share of the levy were in fact posting billion-euro earnings.

Europe's benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far from the record high 345 euros struck in March shortly after key gas producer Russia invaded Ukraine. In stock market trade, European equities pushed higher mirroring Asian gains.

Washington is growing increasingly alarmed that the Russian government and businesses are using Turkey to evade Western financial and trading restrictions imposed in response to the Kremlin's invasion of Ukraine six months ago. Turkey's imports of Russian oil are ballooning.

French daily Le Monde said it was able to track the supply chain from the Termokarstovoye gas field in Siberia, which is partly owned by France's TotalEnergies, to two military airbases, each hosting a squadron of multirole aircraft accused of having bombed Ukrainian civilian population.

Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source within two years. Energy Minister Saad Sherida al-Kaabi hailed the new development as a major step in efforts to "increase the reliance on high-efficiency renewal energy" in the Gulf state,...

Producer prices in Oman increased by 40.7 percent during the second quarter of 2022 The producer price index in the Sultanate of Oman rose by 40.7 percent during the second quarter of this year, compared to Q2 2021. The rise in the index was due to the 48.7 percent rise...

Many believe Russian President Vladimir Putin is using energy supplies as a strategic weapon to put pressure on nations that have applied sanctions against Moscow for its invasion of Ukraine.

The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.

Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.

The retail giant sales surged, partly due to inflation.

Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through France could soon become a reality. Europe is currently undergoing an energy crisis as it struggles to rapidly reduce its dependence on Russian gas following the invasion of Ukraine.

The average natural gas consumption for Jordan's industries amounted to 24 million cubic feet (CF) per day during 2021, according to data released by Ministry of Energy and Mineral Resources.

Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday. Oil prices have dropped by $30 per barrel from a peak in June due to growing supplies and...

President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in rubles. Avoiding paying for the gas in dollars helps Turkey protect its dwindling hard currency reserves.

The French government warned Wednesday that companies might have to reduce energy use this winter even with the country's natural gas reserves at full capacity, as Russia continues to reduce its gas exports to Europe. "The main players, government agencies and businesses, must reduce their consumption" of gas as well...

"I remain optimistic that we can make continuous progress as we have over the last several weeks and I look forward to coming back to the region and being able to make the final arrangements," said Amos Hochstein after meeting Lebanon's top leaders.

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia. Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its...

Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the wake of the Russia-Ukraine crisis.

Abu Dhabi National Oil Company (ADNOC) today announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw...

Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest economy is clouded by the fallout from Russia's war in Ukraine. A recession in the months to come has a growing sense of inevitability about it, observers say. And it...

Rising oil, gas prices are yielding bumper profits across the sector.

They will collaborate on key oil and gas projects.

Turkey will resume gas exploration off its coast in the Mediterranean on August 9, the energy ministry said Tuesday. "Turkish drilling ship Adbulhamid Han will start a mission in the Mediterranean on August 9 departing from the Mersin port" in the south of the country, it said in a statement.

The usage is reduced to counter the dependency on Russian gas supplies.

Algerian state oil firm Sonatrach announced on Monday new oil and gas discoveries in the North African country's Sahara desert, including a find made with Italian major Eni.

Three Katyusha rockets hit a gas complex in Iraq's autonomous Kurdistan region on Saturday, a local official said, in the latest attack to target the Emirati-owned facility. The assaults have come amid a simmering oil dispute between Kurdistan and the federal government in Baghdad.

Natural gas has emerged as a weapon of war between Russia and Europe since Moscow's February 24 invasion of Ukraine. Here is how the standoff developed:  Nord Stream 2 halted  On February 22, 2022, German Chancellor Olaf Scholz says he is suspending the Nord Stream 2 pipeline project with Russia...

The agency said renewable sources of energy were growing faster than demand and replacing fossil fuels.

Russia on Thursday resumed critical gas supplies to Europe through Germany, reopening the Nord Stream gas pipeline after 10 days, but uncertainty lingered whether the continent could avert an energy crisis this winter. "It's working," a Nord Stream spokesman said, without specifying the amount of gas being delivered.

Turkey next month will resume drilling operations near the divided island of Cyprus, a top official said Wednesday, threatening to spark a new diplomatic row with the EU. The European Union came close to sanctioning Ankara in 2020 for pushing into contested east Mediterranean waters in search of fresh natural...

A study in the journal Nature Climate Change found that within this century, parts of the Gulf region could be hit by "unprecedented events of deadly heat as a result of climate change".

Azerbaijani President Ilham Aliyev said last week that "an important document on energy security will be signed between the European Union and Azerbaijan".

Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of the economy's resilience despite high inflation and rising interest rates. Wall Street pushed higher on a better-than-expected 1.0 percent rise in retail sales in June.

The euro struck parity with the dollar for the first time in nearly 20 years on Tuesday as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone. The European single currency hit exactly one dollar -- its lowest level since December 2002 -- before...

Saudi Arabia’s Industrial Production Index (IPI) grew by 24 percent in May 2022 compared to the same period last year. The growth is the third highest rise in the last three years, according to the kingdom’s General Authority for Statistics (GASTAT). The IPI is an economic indicator that reflects the...

Shell is the fifth and final international partner in the North Field expansion.

Gas consumption will contract slightly this year due to high prices and Russian cuts to Europe, with only slow growth over coming years as consumers switch to alternatives, the IEA said Tuesday.

Israeli Prime Minister Yair Lapid makes his first foreign trip as premier on Tuesday to Paris, where he will ask President Emmanuel Macron to intervene in a gas dispute with Lebanon.

Algerian state energy firm Sonatrach announced Monday the discovery of an "important" deposit of gas condensate in the Hassi R'mel field in the Sahara desert.

EIG will supply gas to Q Properties' Reem Hills project.

ExxonMobil has taken a 6.25 percent stake in the expansion of Qatar's North Field, which contains the world's biggest natural gas reserves.

ConocoPhillips' chunk of the North Field East project is half the size of France's TotalEnergies, which has a 6.25 percent share, but the same as Italy's ENI, announced on Sunday, said Energy Minister Saad Sherida al-Kaabi.

Berlin has managed to reduce the share of its natural gas supplied by Russia from 55 percent before the invasion to 35 percent -- thanks to increased deliveries from countries like Norway and the Netherlands.

Eni will own a stake of just over three percent in the $28 billion North Field East project, the world's biggest natural gas field, said Qatar's Energy Minister Saad Sherida al-Kaabi, who is also president and CEO of state-owned Qatar Energy. France's TotalEnergies was its first, and largest, foreign partner...

Iraq is in discussions with Iran to increase gas transportation to the country in order to operate power plants. The ministry of electricity for Iraq feels that Iran understands Iraq's needs. The ministry's spokesman, Ahmed Musa, told the Iraqi News Agency (INA), that "the ministry is continuing with the Iranian...