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The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers ...
Iraqi officials on Thursday defended a deal inked this week to barter oil for gas with Iran, saying that the deal does not violate U.S. sanctions on Tehran and that it will help alleviate a ...
Iranian oil minister Javad Owji said if U.S.-led sanctions on Iran's oil and gas industry are lifted, Iran will have every capability to tackle the global energy crisis. [63] [64] The Biden administration was pressed on potential oil deals with Saudi Arabia, Venezuela, and Iran that would have them increase their oil production. [65]
Natural gas pipelines from Russia to Europe. The 2005–06 Russia–Ukraine gas dispute was between Ukrainian state-controlled oil and gas company Naftogaz Ukrainy and Russian national gas supplier Gazprom. The disagreements concerned natural gas supplies, prices and debts. The conflict started in March 2005, ended in January 2006 and, in ...
The gas trading system differed substantially from the gas sale to the European Union. It caused problems in the form of large-scale deliveries of relatively cheap Russian gas causing an increase of energy-intensive industries. This supported Ukraine's status as one of the world's least energy-efficient countries and largest gas importers ...
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Oil and gas production subsequently weakened while demand increased, and in 2011 Argentina recorded the first energy trade deficit since 1987. [20] In April 2010, Argentina's president Cristina Fernández de Kirchner introduced a bill on April 16, 2012, for the expropriation of YPF, the nation's largest energy firm. The state would purchase a ...
Many Americans rely on Canadian energy products, including oil, electricity and natural gas, for fuel and home heating. The cost of those items could rise when the tariffs hit.