Prime Minister Narendra Modi inaugurated India's first greenfield integrated refinery-cum-petrochemical complex at Pachpadra in Rajasthan's Balotra district.
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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India has withdrawn an order imposing curbs on gas suppliers as supply of liquefied natural gas has resumed from the Middle East, it said in a notification issued on Saturday.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.
The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency said in its monthly oil market report on Wednesday.
The Venezuelan government has signed five contracts with Shell that will give the European supermajor rights to operate the giant Loran natural gas field.
Abu Dhabi National Oil Company (ADNOC) has sold at least 30 million barrels of spot crude to Asian refiners and trading firms so far this month and offered more this week, trade sources said, boosting exports during the U.S.-Iran ceasefire.
The economic consequences of Washington's military confrontation with Iran are becoming increasingly visible inside the United States itself, as the country's Strategic Petroleum Reserve (SPR) has fallen to its lowest level in more than four decades.
emerged as the world's second-largest buyer of Russian fossil fuels in May, importing €5.8 billion worth of hydrocarbons, primarily crude oil. Refiners significantly increased purchases, with key hubs like Vadinar and Jamnagar seeing substantial rises in Russian crude arrivals.
Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said.
Oil prices set to surge above $105 a barrel as US-Israeli strikes trigger historic supply shock, demand set to shrink for first time since pandemic.