Indian state-held refiners are considering buying Iranian crude oil if the United States extends the waiver on Iran's oil sales beyond August or further eases restrictions on that trade.
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The Strait of Hormuz remains the world's most critical oil shipping route, carrying roughly one fifth of global oil and a significant share of liquefied natural gas exports.
Another two Japanese-owned supertankers carrying Saudi Arabian crude were heading to the Strait of Hormuz to exit the Persian Gulf on Tuesday, shipping data from LSEG and Kpler showed, joining a fleet of previously stranded vessels that left a day earlier.
Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global energy supplies.
ADNOC has launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market (ADGM).
India has boosted domestic LPG production by 25% after ordering refineries and petrochemical plants to maximize output by redirecting propane, butane, propylene, and butenes to the LPG supply for household consumers.
Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman have agreed to adjust their oil production while reaffirming their commitment to maintaining global oil market stability.
Prime Minister Narendra Modi inaugurated India's first greenfield integrated refinery-cum-petrochemical complex at Pachpadra in Rajasthan's Balotra district.
Iraq's cabinet approved Basra Oil Company signing "a heads of agreement", or preliminary agreement, and a non-disclosure agreement with a consortium including U.S. companies Capital TI and Chevron and Qatar's UCC to study strategic oil export pipeline projects, according to a cabinet statement.
India has withdrawn an order imposing curbs on gas suppliers as supply of liquefied natural gas has resumed from the Middle East, it said in a notification issued on Saturday.
Germany-based Siemens Energy has secured a contract to supply power generation equipment and long-term service agreements for the Misfah and Duqm Independent Power Producer projects in Oman.
Kuwait's crude oil production rose sharply to 1.65 million barrels per day in June from 580,000 bpd in May, a source familiar with the matter told Reuters on Thursday, as the OPEC member boosts exports through the Gulf following the U.S.-Iran interim peace agreement.
Russia has started seaborne imports of gasoline from India, two industry sources said on Wednesday, in an effort to mitigate fuel shortages triggered by Ukrainian attacks on its energy infrastructure.
Experts say the ceasefire will not reduce oil shipping costs through the Strait of Hormuz for the time being.
Pakistan’s Petroleum Minister said his country plans to increase imports of liquefied petroleum gas (LPG) from Iran, adding that Tehran and Islamabad remain in close contact over the Iran-Pakistan gas pipeline project and efforts to secure affordable energy supplies for Pakistan.
Venezuela's crude production levels were unaffected by two earthquakes this week that have killed almost 1,000 people, the country's oil minister said on Friday, but power outages remain a hurdle to fully restoring port, refining and petrochemical operations.
India's imports of liquefied petroleum gas (LPG) from the U.S. are set to top 1 million metric tons in June, a record high, industry sources said, as New Delhi turned to costlier suppliers to offset disruption from the Middle East.
An explosion at Qatar's main gas processing facility inside its massive Ras Laffan industrial complex has killed at least 13 and injured 66 others.
The U.S. Treasury Department issued a general license for Iran on Monday that authorized the production, delivery and sale of crude oil and petrochemical and petroleum products of Iranian-origin through August 21.
Kazakhstan and Russia are holding talks on the construction of the new main gas pipeline from Russia to Kazakhstan to supply gas to the northern regions of Kazakhstan and the city of Astana, Vice Minister of Energy Kaiyrkhan Tutkyshbayev told a briefing at the Central Communications Service, Qazinform News Agency reports.