LPG exports from major Middle Eastern producers in 2022 are expected to increase 6.6% from 2021 as competition for the growing Asian markets intensifies amid expanding supply from other producers, led by the US, traders, producers and analysts said.
Iranian President Seyyed Ebrahim Raeisi officially inaugurated the first superheavy oil refinery in Iran on Friday as the country moves ahead with plans to develop its massive petroleum sector despite sanctions imposed by the United States.
Inflation in China eased in December thanks to falling food and commodity costs, with analysts saying Wednesday's figures give policymakers room to unveil measures to kickstart the stuttering economy including interest rate cuts.
The Iranian government will be allowed to dispense fresh cash handouts and spending coupons in the calendar year starting late March to compensate for the economic impacts on people of a plan to dismantle foreign currency subsidies given to imports of foods and staples.
The Iranian government hailed efforts by the country’s Oil Ministry to increase crude exports in recent months, saying the issue is a source of pride for a country that was subject to a series of harsh and unprecedented sanctions by the US in the past few years.
Germany's Climate and Energy Minister Robert Habeck on Tuesday pledged to drastically ramp up renewable energy projects in the coming years, saying the country faced a "gigantic" task to meet climate protection goals.