Iran's absence from the global oil market is likely to be offset by an existing oversupply in global oil inventories, providing a buffer against potential supply disruptions, according to a report by CareEdge.
Congress MP Jairam Ramesh on Friday cornered the Central government after US permitted Indian refiners to purchase Russian oil, which he believed is "American blackmail" on India.
Indications that the United States could push for a revival of oil production in Venezuela, in line with plans outlined by President Donald Trump, are expected to alter the regional energy equation and pose fresh challenges for Brazil and its state-run oil major Petrobras.
US President Donald Trump announced on Tuesday that the interim authorities in Venezuela would turn between 30 and 50 million barrels of sanctioned oil to the United States and said that while the oil will be sold at its market price, the money will be controlled by Trump to ensure it is
The resurgence of geopolitical tensions between the United States and Venezuela is unlikely to pose any significant risk to India's oil security or trade position, according to a research note by Bank of Baroda.
While addressing a press conference in Florida, Trump said the United States was in the "oil selling" business and would provide it to other countries interested in buying.
"The company announces its intention to sell its international assets. The consideration of bids from potential purchasers has been started," Lukoil informed in a statement on Monday
Cairn Oil & Gas, a part of Vedanta Limited and India's largest private oil and gas exploration and production company, has completed 16 years of production from the Mangala field in Barmer, Rajasthan -- India's largest onshore oil discovery.
Jakarta [Indonesia], June 27: The footprint of PT Sarana Multi Infrastruktur (Persero) (PT SMI) in the roadmap of the acceleration of energy transition in Indonesia is becoming increasingly evident. On Thursday, June 26th 2025, President Prabowo Subianto inaugurated Geothermal Power Plant (P
India is putting in all kinds of effort to ramp up its own traditional fossil-based energy production, and the latest push is to dig deep in the Andaman region.
The US is facing a deceleration of crude oil production growth in 2025 than previously anticipated, according to a new analysis by S&P Global Commodity Insights.