US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine.
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Trump announced an agreement with Indian Prime Minister Modi, involving India importing more US oil and gas to reduce trade deficit between the two nations.
The president of Iran and the national leader of Turkmenistan stressed the importance of expanding gas cooperation and strengthening peace and trust in the region.
Indian oil firms are discussing long-term LNG purchases with US suppliers ahead of Modi's meeting with Trump, seeking favorable terms amid India's efforts to reduce reliance on dirtier fuels.
Iran's Oil Minister Mohsen Paknejad dismissed the US policy of exerting maximum pressure to curb Iran's oil exports as a failed strategy, emphasizing that reducing the Islamic Republic's oil exports to zero is an unattainable goal.
President Trump declared a national energy emergency as soon as he took office. The declaration had the goal of facilitating growth in energy supply or, as Trump likes to call it "Drill, baby, drill." Yet this time, Baby doesn't feel much like drilling. And it's saying this loud and clear.
The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran.
Iran’s president emphasized the importance of adopting modern techniques to optimize energy consumption, stating that proper energy use would allow the country to save resources and sell more oil and gas at global market prices.
Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos.
Reportedly, India has to unload oil from Russian tankers under US sanctions by February 27 and complete all financial transactions with them by March 12. These deadlines were set by the Office of Foreign Assets Control (OFAC) of the US Treasury.
Iran’s Oil Minister Mohsen Paknejad emphasized the continuation of energy cooperation between Iran and Azerbaijan during a meeting with the Azerbaijani Prime Minister’s deputy on Tuesday.
Iran's Energy Minister announced plans to facilitate the export of Iran’s engineering and technical services to Tajikistan, emphasizing the active involvement of Iranian engineers in the country's water and power projects.
The CEO of Iranian Oil Terminals Company (IOTC) stated that the continuous uninterrupted oil exports, a crucial economic development factor, are largely due to the diligent efforts of its employees.
The Kremlin has warned that the recent US sanctions on Russia's energy sector could potentially destabilize global markets and is committed to minimizing their impact.
Iranian Vice President Mohammad-Reza Aref has announced Tehran and Moscow's strong determination to strengthen bilateral relations to the maximum level, Shana reported.
The US-China Economic and Security Review Commission has called for a six-month study on China's indirect oil entry routes to protect the country from sanctions.
Iran's Energy Minister Abbas Aliabadi and Qatar's Ambassador to Iran, Saad Abdullah Saad Al Mahmoud Al Shareef, met in Tehran to discuss expanding economic and trade ties.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report.
US oil executives are eagerly awaiting Donald Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill”, production is unlikely to increase significantly during his second term in office.
The Iranian president says that expansion of relations with Turkmenistan and the development of the International North–South Transport Corridor (INSTC) are atop agenda of his state visit to the neighboring nation.