The decline of India’s crude oil imports from Russia could be only temporary as Russia plans to boost supply and evade Western sanctions, the Kremlin spokesman Dmitry Peskov said on Tuesday as India prepares to welcome Vladimir Putin on an official visit later this week. “There can be, for a …

Iraq’s Khor Mor gas field, the country’s largest non-associated gas field, has resumed operations after it shut down following a recent drone attack. Last week, a rocket struck a storage tank at the Khor Mor site, stopping production and triggering widespread power outages. The drone attack was one of the …

A tanker carrying Russian gasoil was hit by multiple explosions off the coast of Senegal, marking the third case in recent days. The Mersin had made several calls at Russian ports this year before it met its fate on Monday. The vessel was later stabilized and placed under tow, with …

Oil prices remained elevated in early Asian trade on Tuesday as investors priced in growing geopolitical risk, especially after a drone strike damaged infrastructure at the Caspian Pipeline Consortium (CPC) Black Sea terminal. At the time of writing, Brent crude was trading at $63.16 a barrel and U.S. West Texas …

India could reduce its imports of Russian crude oil by 50%, a former foreign minister in New Delhi told local media, noting that both India and Russia would nevertheless look for ways to go around U.S. sanctions to keep some oil flowing. “We will be gradually reducing oil purchases from …

Several United States environmental policies may be weakened or removed following a week of announcements by various agencies with plans to introduce major changes. This could mark the largest rollback of environmental protections under any administration. In November, the U.S. Environmental Protection Agency (EPA) proposed to remove federal protections from …

Oil prices rebounded in early Asian trade on Monday following the latest OPEC+ meeting, as traders responded to the producer group’s decision to hold output steady through the first quarter of 2026. At the time of writing, West Texas Intermediate crude stood at $59.32, up 1.32%, while Brent crude had …

Iraqi oil exports to the United States increased last week, according to the US Energy Information Administration (EIA.) The EIA reported on Sunday that the average US crude oil imports from 8 key countries reached 5.692 million (bpd) this week, up from 5.337 million bpd from the previous week’s average. …

Ministers of the Organization of the Petroleum Exporting Countries and allied nations (OPEC+) are unlikely to make changes to their oil output strategy when they discuss production at an online ministerial meeting on Sunday. After years of slashing output to prop up prices, key members of the OPEC+ group, including …

Kazakhstan’s Energy Ministry condemned an attack on the Caspian Pipeline Consortium (CPC) on Saturday, following Russian assertions that Ukraine was responsible. In a statement, the ministry declared that attacks on international energy infrastructure cause “substantial harm to the economic interests of consortium participants.” It further stressed that such “actions against …