India's Russian crude oil imports reached a 10-month high of 1.96 million barrels per day in May, driven by continued availability at significant discounts compared to global benchmark prices.
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Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa.
The spokesperson for Iran’s Foreign Ministry stated that Iran has consistently emphasized constructive cooperation with Kuwait in the energy sector, particularly regarding the Arash gas field and the joint exploitation of its resources, based on bilateral negotiations and past dialogue.
Iranian deputy minister of finance and economic affairs said that FATF is expected to take confidence-building steps in reply to Iran's set of measures in the field of combating money laundering and terrorism financing, including the ratification of the Palermo Convention.
Iranian Parliament's Energy Committee member reports proposal for Energy Ministry to consolidate energy sector management under review, requiring further discussions on implementation and organizational structure.
President Pezeshkian prioritizes reforming consumption patterns, increasing productivity, and fair subsidy distribution to address the current crisis, claiming that proper management could eliminate poverty in the country.
U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined towards peace after the recent fall in the price of oil.
The European Union will on Tuesday announce a roadmap to phase out the bloc's remaining gas ties with Moscow, but in the absence of sanctions it will be difficult for buyers to exit gas contracts using legal options such as force majeure.
President Donald Trump on Thursday threatened sanctions on anyone who buys Iranian oil, a warning that came after planned talks over Tehran’s rapidly advancing nuclear program were postponed.
The US imposed sanctions on entities involved in the illicit trade of Iranian petroleum and petrochemicals ahead of a new round of US-Iran negotiations.
The Gas Exporting Countries Forum (GECF) expressed deep sorrow over the deadly explosion at Shahid Rajaee Port in Bandar Abbas of Hormuzgan Province offering condolences to Iran’s government and people.
The International Monetary Fund (IMF) has projected a modest improvement in Iran’s economic outlook, with the country’s gross domestic product (GDP) expected to grow by 1.1 percent in 2026.
Iran and Iraq signed multiple memoranda of understanding to expand cooperation in the oil and energy sectors, as the two sides explored new avenues for joint development and technical collaboration.
President Trump’s trade war has triggered a drop in oil prices, giving Saudi Arabia a narrow chance to reassert control over OPEC+ and discipline non-compliant producers. However, Riyadh faces limits in sustaining a price war due to its economic reliance on high oil prices and growing internal alliance tensions.
India’s crude imports from the US reached 244,000 barrels per day (bpd) in March, up from 146,000 bpd in February.
US tariffs on India's energy sector are not just geopolitical but also a complex legal issue affecting corporates, causing increased legal discourse across the industry supply chain.
The United States has imposed a new round of sanctions targeting the independent Shouguang Luqing refinery in China, which imports up to 60,000 barrels of Iranian crude oil per day.
U.S. President Donald Trump's threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine.
The foreign minister, referring to the US’s unlawful sanctions on Iran’s oil industry, said allegations and accusations by American officials aimed at pressuring Iran have no merit.
Canada's carbon pricing system, aimed at reducing pollution, faces shaky future after 14 CEOs and opposition leader call for repeal, putting the Pathways Alliance carbon capture project's viability in doubt.