Kiev has no plans to prolong gas transit to the EU from Russia when the current contract expires this year, Ukrainian Energy Minister German Galushchenko said on Sunday. Brokered by the EU, the five-year deal, signed in 2019, provides for Russian energy giant Gazprom to transit 65 billion cubic meters (bcm) of gas through Ukraine…
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Contracts with domestic energy firms are aimed at boosting daily production in major fields of the sanctions-hit country Iran’s energy companies were granted their biggest contracts in the past decade on Sunday, as Tehran seeks to boost output at major oil fields, state media have reported.
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Crude prices soared to $86 per barrel on Monday, hitting a four-month high, with industry experts attributing the surge to China’s strong economic data and Ukraine’s drone attacks on Russian oil refineries.
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