The power crunch has hurt production in industries across several regions of China and is dragging on the country’s economic growth outlook, analysts said.
Just days after Prime Minister Boris Johnson’s government spent millions of pounds to avert a food shortage due to a spike in prices for natural gas, ministers asked people to refrain from panic buying.
In a further sign of worsening supply chain dislocation, BP temporarily closed some of its 1,200 U.K. petrol stations due to a lack of both unleaded and diesel grades, which it blamed on driver shortages.
Presidential orders are advancing the administration’s goals on climate, clean energy and environmental justice, says Baker Botts team.
The two countries have been holding on-off U.S. mediated talks since October to try to resolve the issue.
NESR has made several organic and inorganic long-term investments to grow its drilling and evaluation services segment.
The project propose an incentive scheme based on increased approvals for oil and gas exports, and boosting access to foreign exchange markets—now hindered by capital controls.
The Nord Stream 2 pipeline, which would help Moscow to bypass political foe Ukraine in transiting gas to European markets, doubles Russia’s annual gas export capacity.
"The increased risk of COVID-19 cases primarily fueled by the Delta variant is clouding oil demand prospects," OPEC said in its latest report.
OPEC is set to release a report next week with downward revisions of demand outlook due to the spread of the Delta variant.