The White House has directed U.S. forces to prioritize enforcing a quarantine on Venezuelan oil for the next two months. This signals Washington’s preference to pressure Caracas through economic leverage rather than military action.
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India's largest oil refiner, Reliance Industries Ltd., has resumed oil purchases from Russia for its plant in Gujarat. This was reported by Bloomberg, citing sources.
Iraq’s supply of gas from Iran has been halted, the electricity ministry said on Tuesday, adding that the stoppage was due to the shutdown of some generating units and load shedding at others.
A growing backlog of at least 20 tankers loaded with Russian crude has formed off the coasts of India and China, turning vast volumes of oil into floating storage as unloading delays mount despite Russia’s exports hitting a more than two-and-a-half-year high.
In 2025, China has supplanted OPEC+ as the key oil price setter by using its import and storage strategy to enforce both a floor and a ceiling on crude prices.
Despite record highs in India’s main indices, several fundamentally strong large-cap stocks are near 52-week lows, creating potential buying opportunities.
Comptroller and Auditor General of India has flagged the “sub-optimal” utilisation of India’s strategic petroleum reserves by the Ministry of Petroleum and Natural Gas, both for emergency crude shortages and commercial use.
The U.S. intercepted an oil tanker off Venezuela just days after President Donald Trump ordered a “total and complete blockade” on sanctioned vessels, Homeland Security Secretary Kristi Noem confirmed.
In 2025, global oil demand forecasts shifted as geopolitical tensions, slower renewable adoption, and India’s rising consumption reinforced oil and gas’s stronger-than-expected position.
The second conference on “Understanding the Indian Market and Trade Opportunities” was held on Wednesday at Iran’s Trade Promotion Organization, focusing on Iran–India economic ties and trade opportunities for 2026.
South Korean petrochemical firms have submitted restructuring plans—including major plant closures and potential mergers—to help the government cut up to 3.7 million tons of naphtha cracking capacity ahead of a high‑level review on Monday.
Egypt has launched its largest-ever oil and gas exploration program, including seismic surveys over nearly 10% of the country and 101 wells planned for drilling in 2026 under a $5.7 billion investment.
Canadians strongly back expanding oil and gas development amid U.S. trade tensions, but most prefer increasing capacity on existing infrastructure over building new pipelines.
India is rapidly emerging as the world’s leading driver of oil demand growth, outpacing China and fueling a major shift in global energy dynamics through 2030 and beyond.
Asia’s purchases of U.S. crude oil, liquefied natural gas (LNG), and coal are set to fall this year, defying President Donald Trump’s aggressive use of tariffs and trade deals to ramp up American energy exports.
A growing fleet of tankers carrying Russia’s flagship Urals crude oil has accumulated off China’s eastern coast, following a sharp reduction in purchases by India—the grade’s largest buyer—due to Western sanctions.
TotalEnergies has agreed to sell an indirect interest of approximately 10% in Malaysia’s offshore Block SK408 to Thailand’s state-backed PTTEP for an undisclosed sum, the French energy major announced on Tuesday.
Nigeria earned about ₦12.81 trillion from crude oil exports in Q3 2025, representing 56.14% of total exports and highlighting a recovery in oil revenues.
Canada’s Imperial Oil plans to boost 2026 capital spending to C$2.0–2.2 billion and raise output to 441,000–460,000 boepd, prioritizing oil sands projects at Kearl and Cold Lake to cut costs and strengthen cash flow amid weaker oil prices.
India’s Petroleum Minister Hardeep Singh Puri announced that ONGC will soon begin production at West Bengal’s Ashoknagar oil field after resolving regulatory issues, with ₹1,000 crore invested since its 2018 discovery and land provided on a nominal lease.