Iran Intends to Impose 20% Export Duty on Polypropylene
The Iranian government has proposed to impose a 20% export duty on polypropylene (PP) as well as many other petrochemical products, the Russian polymer market...
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Global Oil, Natural Gas Investments Seen Rising in 2022
Global oil and natural gas investments will expand by $26 billion this year led by upstream gas and LNG expenditure, the energy analysis company Rystad...
World Food Prices Surge 28% in 2021
Global food prices surged 28% in 2021 to their highest level in a decade, U.N.'s food agency said last Thursday.
The Food and Agriculture Organization's (FAO)...
Situation in Kazakhstan Fuels Global Oil Price Increase
Oil prices edged up on Friday fueled by supply worries amid situation in Kazakhstan and outages in Libya, the Reuters news agency reports.
In early morning...
OPEC+ Agrees Oil Output Hike From February
OPEC+ agreed on Tuesday to stick to its planned increase in oil output for February because it expects the Omicron coronavirus variant to have a...
Wheat Export Duty in Russia Rises to $98.2 Per Ton
The export duty on wheat from Russia will rise to $98.2 per ton from January 12 next year, the Moscow-based Interfax News Agency reported on...
Oil Prices Gain on US Crude Inventory Draw Data
Oil prices rise moderately on Wednesday before the publication of data from the U.S. Department of Energy on energy reserves in the country, the Moscow-based...
World Can End COVID-19 Pandemic in 2022 – WHO Chief
The global community can end the coronavirus pandemic next year if it act together, Director-General of World Health Organization (WHO) Tedros Ghebreyesus said in his...
Uzbekistan Launches $3.4 Billion Gas-to-Liquids Plant
Uzbekistan launched its first gas-to-liquids (GTL) plant in its southeastern Qashqadaryo province on Saturday.
The $3.4 billion plant, known as UzGTL, will produce 1.5 million tons...
Hydrocarbon Discoveries For 2021 to Reach Record Lows: Rystad
Oil and gas discoveries are on track this year to reach their lowest in 75 years, according to data compiled by energy analysis company Rystad...
