INTERNATIONAL Feed Atom

India’s Reliance Halts Russian Crude Imports Amid Tightening Sanctions and US Trade Push

3 weeks ago

6 January 2026

4:34 AM

India’s Reliance Industries, once the top buyer of Russian crude, says it expects ZERO Russian oil deliveries in January & none received in past 3 weeks—signaling a sharp drop in India’s imports amid tougher Western sanctions & push for US trade deal.

Trump warns of higher tariffs on India over Russian oil purchases

3 weeks ago

6 January 2026

4:13 AM

The United States could raise tariffs on India if New Delhi does not meet Washington’s demand to curb purchases of Russian oil, U.S. President Donald Trump said on Sunday, escalating pressure on the South Asian country as trade talks remain inconclusive.

Venezuela’s PDVSA Orders Production Cuts from Joint Ventures Amid Export Freeze

3 weeks ago

5 January 2026

4:36 AM

Venezuela’s state-owned oil company PDVSA has asked several joint ventures to reduce crude oil output as exports remain paralyzed and storage fills up, adding stress to an already fragile oil sector and deepening pressure on the interim government.

Trump: US Oil Companies to Invest Billions in Restoring Venezuela’s Crude Production

4 weeks ago

4 January 2026

7:05 AM

Trump said after Maduro’s removal that major U.S. oil companies are ready to invest billions to revive Venezuela’s battered oil sector, though analysts warn restoring production will require massive, long-term investment despite the country’s vast reserves.

Venezuela’s Oil Facilities Undamaged by U.S. Strike, Sources Say

4 weeks ago

4 January 2026

4:46 AM

Venezuela’s state oil producer PDVSA says production and refining continue normally, with no damage reported after a U.S. military strike that captured President Nicolás Maduro, sources told Reuters.

India Requests Weekly Russian and U.S. Oil Import Data from Refiners Amid Push for U.S. Trade Deal

4 weeks ago

3 January 2026

11:47 AM

India has ordered refiners to report weekly oil purchases from Russia and the U.S. as it expects Russian imports to drop below 1 mbpd while negotiating a trade deal with Washington to ease 50% U.S. tariffs over its continued buying of discounted Russian crude.

New GECF secretary-general takes office

4 weeks ago

3 January 2026

11:28 AM

Philip Mshelbila of Nigeria officially assumed his duties as secretary-general of the Gas Exporting Countries Forum on Jan. 1, succeeding Algeria’s Mohamed Hamel, who completed his four-year term.

India Could Save $1 Billion Annually on Oil Imports by Switching to LNG

4 weeks ago

2 January 2026

11:24 AM

India stands to save approximately $1 billion each year in crude oil imports by converting just 10% of diesel consumption in the transport sector to liquefied natural gas (LNG), according to a study by the Petroleum and Natural Gas Regulatory Board (PNGRB).

Turkey to Launch First Overseas Deepwater Drilling in Somalia Next Month

4 weeks ago

2 January 2026

11:17 AM

Turkey’s Energy Minister Alparslan Bayraktar announced on Wednesday that the country will deploy the Cagri Bey drilling vessel to Somali waters in February, marking Turkey’s inaugural deepwater exploration project abroad.

US crude imports plunge to lowest since Feb 2021 as firms dodge year-end inventory taxes, EIA reports

4 weeks ago

1 January 2026

8:46 AM

US crude oil imports dropped to 4.95M bpd last week—lowest in nearly 5 years—due to ad valorem taxes on year-end stocks. Mexico imports hit record low of 71K bpd amid Pemex production struggles. Inventories fell on strong refining.

US slaps fresh sanctions on Venezuela’s oil sector, targeting four firms and tankers in Trump’s Maduro crackdown

4 weeks ago

1 January 2026

8:40 AM

The US Treasury has sanctioned four companies and four oil tankers linked to Venezuela’s “shadow fleet” as Trump ramps up pressure on Maduro. Exports have already halved due to a blockade—aimed at stopping oil profits funding alleged drug trafficking.

Saudi Aramco Set to Acquire 20% Stake in BPCL’s $11 Billion Indian Refinery Project

4 weeks ago

31 December 2025

4:55 AM

Saudi Aramco is set to take a 20% stake in BPCL’s $11bn greenfield refinery–petrochemical complex at Ramayapatnam port, as India’s state refiner dilutes 30–40% of the project to strategic investors to meet rising fuel and petrochemical demand.

Oil Tankers Still Arriving in Venezuela Despite U.S. Blockade, Data Shows

4 weeks ago

31 December 2025

4:40 AM

Despite a U.S. blockade and a sharp fall in exports, at least two oil tankers have reached Venezuela in recent days, underscoring PDVSA’s push to build floating storage and keep crude flowing—mainly to China to repay debt.

India Unveils 50 Oil and Gas Exploration Blocks in Fresh Bid to Cut Energy Imports

1 month ago

30 December 2025

4:23 AM

India is offering 50 new exploration blocks for oil, gas, and coal bed methane under multiple bid rounds, aiming to boost domestic output and cut heavy reliance on energy imports, the oil minister said.

Kazakhstan’s Oil Output Falls After Ukraine Drone Attack on Major Terminal

1 month ago

30 December 2025

4:12 AM

Oil output in Kazakhstan declined by around 6% in December, led by a fall at the vast Chevron-led Tengiz oilfield after a Ukrainian drone attack damaged Russia’s Black Sea exporting terminal, an industry source said on Monday.

India Seeks Over $30 Billion from Reliance and BP in Arbitration Over KG-D6 Gas Field Underproduction

1 month ago

29 December 2025

5:48 AM

India is pursuing more than $30 billion in compensation from Reliance Industries and partner BP in a long-running arbitration dispute, alleging the companies failed to produce vast amounts of natural gas from deepwater fields due to mismanagement, sources familiar with the matter told Reuters exclusively.

India Faces Pressure Over Russian Oil Imports Shift

1 month ago

28 December 2025

3:05 AM

U.S. tariffs and diplomatic claims put India’s balancing act between cheap Russian oil and American demands under the spotlight as officials and industry await hard data on import cuts.

India’s Natural Gas Consumption Falls 4.6% in April-October FY26 as Power Sector Demand Weakens

1 month ago

27 December 2025

4:02 AM

India’s average daily natural gas consumption dropped to around 190 million metric standard cubic meters per day (mmscmd) in the first seven months of fiscal year 2026, a 4.6% decline from the previous year, driven by reduced power sector offtake, higher LNG prices, and maintenance shutdowns in refineries and fertilizer plants, according to a Crisil Intelligence report.

India Expands Natural Gas Pipeline Network to Over 25,000 km, With Another 10,459 km Under Construction

1 month ago

26 December 2025

12:15 PM

India’s operational natural gas pipeline network has grown to 25,429 kilometers, advancing the country’s goal of a fully integrated national gas grid that promotes energy security and delivers cleaner fuel to every region.

Russia Nearly Doubles LPG Exports to Central Asia and Afghanistan This Year, Sources Say

1 month ago

26 December 2025

12:10 PM

Russia has nearly doubled its liquefied petroleum gas (LPG) exports to former Soviet republics in Central Asia and Afghanistan in the first 11 months of the year, reaching 1.016 million metric tons, according to industry sources who spoke to Reuters on Friday.

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Latest News of Oil, Gas and Petrochemical industry

INTERNATIONAL Feed Atom

India’s Reliance Halts Russian Crude Imports Amid Tightening Sanctions and US Trade Push

Trump warns of higher tariffs on India over Russian oil purchases

Venezuela’s PDVSA Orders Production Cuts from Joint Ventures Amid Export Freeze

Trump: US Oil Companies to Invest Billions in Restoring Venezuela’s Crude Production

Venezuela’s Oil Facilities Undamaged by U.S. Strike, Sources Say

India Requests Weekly Russian and U.S. Oil Import Data from Refiners Amid Push for U.S. Trade Deal

New GECF secretary-general takes office

India Could Save $1 Billion Annually on Oil Imports by Switching to LNG

Turkey to Launch First Overseas Deepwater Drilling in Somalia Next Month

US crude imports plunge to lowest since Feb 2021 as firms dodge year-end inventory taxes, EIA reports

US slaps fresh sanctions on Venezuela’s oil sector, targeting four firms and tankers in Trump’s Maduro crackdown

Saudi Aramco Set to Acquire 20% Stake in BPCL’s $11 Billion Indian Refinery Project

Oil Tankers Still Arriving in Venezuela Despite U.S. Blockade, Data Shows

India Unveils 50 Oil and Gas Exploration Blocks in Fresh Bid to Cut Energy Imports

Kazakhstan’s Oil Output Falls After Ukraine Drone Attack on Major Terminal

India Seeks Over $30 Billion from Reliance and BP in Arbitration Over KG-D6 Gas Field Underproduction

India Faces Pressure Over Russian Oil Imports Shift

India’s Natural Gas Consumption Falls 4.6% in April-October FY26 as Power Sector Demand Weakens

India Expands Natural Gas Pipeline Network to Over 25,000 km, With Another 10,459 km Under Construction

Russia Nearly Doubles LPG Exports to Central Asia and Afghanistan This Year, Sources Say