Energy

Libya's oil minister has suspended Mustafa Sanalla, the head of state-run National Oil Corporation (NOC), Mustafa Sanalla

The undersea cable between the two countries could help them use more renewable energy and meet their commitments on battling climate change.

The International Energy Agency said OPEC+ spare oil capacity could fall below 4 million barrels per day in Q4 2022, down from 9 million in Q1 2021.

Energy deals signed by PM Mustafa Al-Kadhimi during his short tenure could be slowed and stifled by a prolonged change in government in Iraq, a market intelligence group has said.

Qatar has changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it says is part of a broader strategy

Under an agreement announced last month, Egypt will supply natural gas to Lebanon via a pipeline that passes through Jordan and Syria to help to boost Lebanon's electricity output.

US special envoy Amos Hochstein is due to visit both Lebanon and Israel to try and revitalise discussions between the two sides on the possibly gas-rich Mediterranean waters.

IRAN-NUCLEAR/GERMANY:Iran cannot set new conditions for resuming nuclear talks - Germany

Jordan's PM said the country is committed to supporting Lebanon's stability and discussed ways to deliver Egyptian natural gas shipments via its territory and Syria.

The Organization of the Petroleum Exporting Countries (OPEC) produced a report predicting that oil demand will rise from today to 2045, despite urgent calls for investment in renewable alternatives.