1. Iraq and French oil giant TotalEnergies on Monday signed a long-delayed $27 billion energy deal aimed at boosting oil production and boosting the country’s energy production capacity through four oil, gas and renewable energy projects.
2. Oil prices edged higher on Tuesday, recouping some of the previous session’s losses, as traders focused on supply cuts from Saudi Arabia and Russia, the world’s largest oil exporters, and awaited data that would help determine demand.
3. Three people familiar with the matter said on Monday that Petrobras is negotiating seven new natural gas supply contracts in the next few years. The company’s goal is to reduce domestic natural gas supply while increasing supply energy prices.
4. Italy has collected about 2.8 billion euros ($3.07 billion) in windfall profits from energy companies this year, people familiar with the matter told Reuters on Monday.
5. Tewfik Hakkar, chief executive of Algeria’s national energy producer Sonatrach, said on Monday that it fulfilled all gas contracts with Spain regardless of the circumstances.
