The Trump administration imposed new sanctions targeting Iran’s oil trade on Thursday as part of its maximum pressure campaign, the US Treasury Department announced.
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India’s External Affairs Minister S. Jaishankar has said that New Delhi has raised concerns with U.S. Senator Lindsey Graham regarding a proposed bill that threatens to impose massive tariffs, up to 500%, on countries that continue importing oil from Russia.
Iranian energy minister announced that next week, three new packages, one conventional and two more technical models, will be unveiled for the construction of household solar power plants.
The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical Bulletin (ASB) on Wednesday, July 2 2025, at the OPEC Secretariat in Vienna, Austria.
Brent crude rose 5 cents to $67.16 a barrel, while U.S. West Texas Intermediate crude was flat at $65.45 a barrel.
India's renewable energy sector faces financial challenges as subsidy ends, requiring projects to pay transmission costs after June, potentially increasing green energy tariffs and hindering clean energy goals.
Iran's Energy Minister, Abbas Aliabadi, launched 316 megawatts of solar capacity across 40 sites, praising local efforts in Mahallat County for driving renewable transition and reaffirming government support for solar investment.
During the 12-day war between Iran and Israel, Iran experienced a 50% increase in gasoline consumption, posing logistical challenges for fuel distribution, but fuel supply remained uninterrupted.
Brent crude rose 10 cents, or 0.2 percent, to $66.84 a barrel, while U.S. West Texas Intermediate crude rose 9 cents, or 0.1 percent, to $65.20 a barrel.
A tanker carrying the first cargo of liquefied natural gas from LNG Canada set sail Monday from British Columbia’s northern coast, heralding the commercial startup of the $18-billion Shell PLC-led export terminal and ushering in Canada’s long-awaited debut into the global LNG market.
Despite a projected decline in long-term global oil demand and a slowdown in 2025 due to Trump's tariffs, S&P Global Commodity Insights forecasts India will lead future oil demand growth, increasing import dependency.
A member of the Iranian Parliament’s Energy Committee described the oil industry’s performance during the 12-day war with the Zionist regime as a prime example of infrastructure resilience, centralized command and organizational cohesion.
The CEO of Iran’s Offshore Oil Company announced the return of the Salman field’s water injection system to service, stating that with the startup of the gas injection compressor turbine by the end of the first half of this year, oil production from the shared Salman field will increase, and flared gas will also be reduced.
The Pakistani government has revised gas prices for the fiscal year 2025-26 and okayed a 50 percent increase in fixed charges for domestic consumers, effective from July 1, the Oil and Gas Regulatory Authority (OGRA) announced on Sunday.
The Indian Navy swung into action after receiving a distress call of an oil tanker catching fire in the Gulf of Oman on Sunday. Indian Navy's stealth frigate INS Tabar was mobilised to rescue Pulau flagged MT Yi Cheng 6, which reported a major fire after engine failure.
Iran's vice-president reports a nearly doubled demand for motor fuel during Israeli aggression, despite no disruption to fuel supplies despite direct attacks on Iran's energy facilities.
Iran has started gas exports from its Phase 14 refinery's third sweetening train, marking a significant expansion in the country's production and export capacity.
Ukraine will initiate appropriate sanctions against those countries that buy the most Russian oil, Ukrainian Foreign Minister Andriy Sybiha said.
The CEO of the National Iranian Oil Company (NIOC) described Operation "True Promise 3" as a symbol of the Islamic Republic of Iran's defensive strength and the nation’s decisive response to enemy aggression.
TotalEnergies is in advanced discussions to sell its shale oil assets in Argentina, with two suitors submitting bids, aligning with CEO Patrick Pouyann's statement of divesting stakes at the right price.