Canadian Energy Minister Jonathan Wilkinson stated that Canada will respond to US tariffs and emphasized that it is not seeking to escalate trade tensions between the two nations.
INTERNATIONAL Feed Atom
China National Petroleum Corporation and India's ONGC Videsh Ltd plan to invest in Nigeria's oil and gas industry due to regulatory reforms and the country's vast reserves.
The GECF launched the new edition of its Global Gas Outlook (GGO) report on Monday where Mohamed Hamel, Secretary General in his remarks said natural gas is not just a bridge to the future.
Iraq's South Gas Company boss suggests Qatar and Oman as potential options for gas trade if the U.S. blocks Iraq's electricity imports from Iran.
Union Minister Hardeep Singh Puri stated that India is in a favorable position for green hydrogen growth in terms of infrastructure, storage, and supply.
The Trump administration rescinded a waiver on Saturday that had allowed Iraq to pay Iran for electricity, as part of President Donald Trump's "maximum pressure" campaign against Tehran, a State Department spokesperson said.
Oil India Limited is exploring collaborations with international oil companies for deep and ultra-deep water exploration under the latest OALP bidding round, according to Chairman and Managing Director Ranjit Rath.
US President Donald Trump said that India has agreed to “cut their tariffs way down,” signalling a potential shift in trade relations between the two countries.
China's crude oil imports decreased by 5% in 2024 due to the Biden administration's sanctions on Russian energy, impacting international flows.
India's BPCL plans to issue a tender for U.S. WTI crude in four consecutive months this summer, according to a source familiar with the plans.
The Trump administration is considering stopping and inspecting Iranian oil tankers at sea under an international agreement to prevent the spread of weapons of mass destruction.
India received more than half the UAE’s LNG exports in the first nine months of 2024 while the rest were supplied to other Asian markets, an official report shows.
U.S. exports of crude oil to India last month climbed to their highest in over two years, ship tracking data showed, as refiners in the country sought alternative supplies following tighter U.S. sanctions on Russian producers and tankers.
World crude oil price today March 5, 2025
Brent futures fell $1.47, or 2.1%, to $69.57 a barrel by 1408 GMT. U.S. West Texas Intermediate (WTI) crude declined $1.77, or 2.6%, to $66.49 a barrel.
India's electricity demand is predicted to increase by 6.3% annually over the next three years, accounting for 10% of global electricity demand by 2027, according to the International Energy Agency.
Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey's Ceyhan, Turkish Energy Minister Alparslan Bayraktar was quoted as saying by the state-owned Anadolu news agency on Sunday.
India’s state-run refiners will fully commission the world’s longest liquefied petroleum gas pipeline by June, a key development that will sharply cut fuel transportation costs and help prevent deadly road accidents.
India’s imports of crude oil from Russia slumped this month to the lowest level since January 2023, according to data analytics company Kpler, underlining how stringent US sanctions have disrupted supply chains.
JM Financial reports that Indian gas companies are concerned about the persistently high prices of spot LNG, which could impact domestic demand and city gas distribution firms.
World Brent crude oil price today February 27, 2025
Brent crude oil futures was up 2 cent at $72.55 a barrel by 0731 GMT. U.S. West Texas Intermediate crude oil futures were up 6 cents at $68.68 per barrel.