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2 mins read
OPEC+ extends major oil production cuts until 2025 to stabilise market
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …
ANI
2 mins read
Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM
The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…
ANI
1 min read
Oil prices would double if India didn't trade with Russia, energy minister says
"The world is grateful to India for buying Russia's oil," Indian minister Hardeep Singh Puri told C…
Filip De Mott
2 mins read
Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say
Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…
Nathan Rennolds
3 mins read
The United Arab Emirates pursued nearly $100 billion worth of oil and gas deals the same year it led the global climate summit, analysis finds
The UAE closed more than a dozen deals to expand its oil and gas footprint at home and overseas, an…
Catherine Boudreau
2 mins read
“Are you accusing me of bullying the US?” jokes EAM S Jaishankar when asked about India-US relations
While eliciting hearty laughter and applause from the audience, S Jaishankar's response not only sh…
2 mins read
Indian Oil set to produce fuel for Formula 1 cars
Indian Oil Corporation (IOCL) will produce fuel for formula one cars, which is being produced at Od…
ANI
2 mins read
China is on pace to buy a record amount of Russian oil this month
China is expected to import 1.7 million barrels of Russian crude a day, taking over Indian demand, …
Filip De Mott
2 mins read
Ukraine says it will hit Russia's precious oil refineries even if the US tells it not to
Kyiv said that the refineries and other Russian energy infrastructure are legitimate targets, despi…
Chris Panella
2 mins read
Russia's April oil and gas revenue could double despite Ukraine hammering its oilfields with drones, report says
Reuters projected Russian oil and gas revenue for April to come in at 1.292 trillion rubles, up fro…
Cameron Manley
1 min read
Indian refineries are completely refusing oil from a key Russian shipping giant
Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …
Filip De Mott
1 min read
ONGC Videsh incorporates subsidiary in GIFT City
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation, has in…
PTI
1 min read
The drop in oil prices is just a 'ploy' as speculators pretend demand is weak, Saudi Arabia energy minister says
"It's an abuse of numbers," Saudi Arabia's energy minister said, as oil market participants are mis…
Jennifer Sor
1 min read
Half of Russia's sanctioned oil tankers are now standing idle
Of the 50 tankers sanctioned by the US since October, 21 are now idle, no longer trading Russian cr…
Filip De Mott
2 mins read
Oil prices spike as markets fear escalation of Middle East conflict amid reports of Israel bracing for attack by Iran
"If push comes to shove between Israel and Iran, $100 or more is likely," Market veteran Ed Yardeni…
Yuheng Zhan
3 mins read
Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
The comments come as the West has stepped up criticism of China's dumping of cheap green products o…
Huileng Tan
1 min read
10 million barrels of Russian oil are stuck with nowhere to go
14 cargo tankers are stranded off the coast of South Korea, highlighting Russia's continued struggl…
Filip De Mott
2 mins read
Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to
Ukraine targeted two Russian oil refineries on Friday night, despite US warnings, as Russia's oil p…
Rebecca Rommen
2 mins read
India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions
Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…
Filip De Mott
4 mins read
ONGC starts oil production from delayed $5 billion deep-water project
State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has started oil production fro…