OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.

In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said world demand would rise by 3.67 million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast.

OPEC Cuts 2022 World Oil Demand Forecast Due to Ukraine War | Devamı>>>

Asia liquefied natural gas (LNG) spot prices hit a record high of more than $59 per million British thermal units (mmBtu), tracking a surge in European gas prices on concern over tight supply after Russia’s invasion of Ukraine.

Price agency S&P Global Commodity Insights‘ Japan-Korea-Marker (JKM), which is widely used as a spot benchmark in the region, climbed to $59.672 per mmBtu on Thursday, data showed.

Its previous record was set in October 2021 when it hit $56.326/MMBtu.

Asia LNG Spot Prices Hit Record High, S&P Data Shows | Devamı>>>

The “Eurasia Green Energy and Clean Technologies Forum”, where developments and future plans for renewable energy sources in Turkey, Ukraine, Kazakhstan and Uzbekistan will be discussed, will be held live on July 07-08, 2021.

Within the framework of the “Renewable Energy Day”, which is the 1st day, the Deputy Minister of Energy and Natural Resources Alparslan BAYRAKTAR will take place as a speaker, and the theme of “Small Modular Reactors and Financing” is covered on the 2nd day of the event.

‘Eurasian Green Energy and Clean Technologies Forum’ Begins on 7 July | Devamı>>>