Chinese Foreign Minister Wang Yi and UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan met in Abu Dhabi to pledge deeper cooperation in investment, energy, and infrastructure.
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The head of Iran’s parliamentary Energy Committee said diversifying the country’s fuel mix is essential and has been clearly outlined in the Seventh Five-Year Development Plan.
President Masoud Pezeshkian reaffirmed Tehran’s commitment to implementing a comprehensive strategic cooperation agreement with Russia, saying Iran is determined to put the signed accord into effect and expects Moscow to expedite and finalize its part of the process.
India boosted Russian crude imports to €2.6 billion in November, reinforcing its role as Moscow’s second-largest buyer and channeling discounted oil into rising exports to Australia and sanction-hit Western markets.
President Masoud Pezeshkian, speaking at Shahid Beheshti University’s Student Day, condemned sectoral imbalances and urged fair gasoline pricing to safeguard vulnerable Iranians.
Putin vowed to keep Russia a “reliable supplier” of fuel to India despite U.S. pressure over the Ukraine war.
Venezuela’s crude and fuel exports climbed 3% in November to 921,000 barrels per day, the third-highest monthly level of 2025, Reuters reports.
Russian President Vladimir Putin arrives in India for a high-stakes summit with Prime Minister Narendra Modi, aiming to deepen energy, defense, and trade ties despite mounting U.S. tariffs and sanctions.
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf announced that fuel pricing authority now fully rests with the executive branch, making recent gasoline and diesel price adjustments legally valid.
Kazakhstan protested to Kyiv after a Ukrainian naval drone strike damaged the CPC terminal near Novorossiysk, halting oil exports and prompting demands to stop such attacks.
Ayatollah Ali Khamenei, in a televised speech, condemned widespread waste of fuel and food as a grave economic problem, stressing that eliminating it would greatly improve Iran’s situation and calling for public unity behind the government.
A sanctioned Aframax carrying Russian ESPO crude for Indian Oil Corp remains floating off Paradip port as authorities delay discharge pending online verification of insurance from Russia’s Soglasie.
India’s imports of discounted Russian crude are expected to plunge next month to their lowest since 2022, as refiners move to comply with stricter Western sanctions.
Russia and China are holding talks to expand Russian oil exports to Beijing, as Moscow strengthens energy ties with China amid growing Western sanctions, Deputy Prime Minister Alexander Novak announced.
India will secure about 10% of its LPG needs from the U.S. under a one-year deal that both narrows its trade surplus with Washington and helps hedge against U.S. pressure over Russian oil imports.
The head of the National Iranian Oil Refining and Distribution Company said 391 million liters of low-sulfur mazut had been delivered to four thermal power plants by late November.
Iran’s President Masoud Pezeshkian said the government is fully prepared to manage the coming winter and emphasized that if each individual, household or organization cuts energy use by just 10 percent, the country could save between 800,000 and 900,000 barrels of oil per day.
The US Treasury Department imposed sanctions on a network of front companies and shipping intermediaries accused of facilitating Iran’s oil sales, in what it described as an effort to curb Tehran’s oil revenue.
Iran has released a foreign-flagged tanker it seized in the Persian Gulf last week after offloading its cargo, a report has said.
Senior officials from Iran’s ICCIMA and Afghan economic bodies signed multiple cooperation agreements in Kabul to boost trade, investment and technical collaboration in mining, agriculture, energy and healthcare sectors.