China’s Baoshan Iron & Steel Co. has joined forces with Saudi Aramco and the kingdom’s sovereign wealth fund to set up a steel plant in the Middle Eastern nation as the two countries deepen commercial ties. The complex in Ras Al-Khair will churn out up to 1.5 million tons of …

The CEO of Qatar Airways said today that the airline is “fighting with oil companies” to produce sustainable aviation fuel (SAF) in order to bring prices down. “We are fighting with oil companies to create the economies of scale to produce SAF in big volumes to bring the price down,” …

Local authorities in Kandahar province say an international company has officially started exporting natural gas from Turkmenistan to Pakistan through Afghanistan. The Chamber of Commerce and Investment says that the route overland through Afghanistan is a lot shorter than the one the company previously used through Iran. By rerouting tankers …

Oil prices dropped on Monday as jitters over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data were enough to outweigh support from new OPEC+ supply cuts taking effect this month Brent futures for July delivery were down 56 cents, or 0.7%, …

India has become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude, according to data from analytics firm Kpler. Europe’s reliance on Indian crude oil products has grown since the ban on Russian oil. Europe’s refined fuel imports from India are set to …

The top nuclear envoys of the US and South Korea have discussed ways to cooperate on countering North Korea’s “evolving nuclear and military threats,” the South Korean Foreign Ministry said on Sunday, according to local media. US Special Representative for North Korea Sung Kim held a meeting with his South …

According to the statistics office of the European Union (Eurostat), Iran exported 1,567 billion cubic meters of natural gas to Turkey in the first quarter of 2023. The figure has dropped by 17% compared to the same period in 2022. Iran exported 1,891 billion cubic meters of gas to Turkey …

Shell Australia is selling bp Plc its interests in the carbon-intensive Browse offshore natural gas project, one of Australia’s largest untapped gas fields. “The Browse asset is no longer a strategic fit in the context of Shell’s global portfolio,” Shell said in a statement Saturday, without elaborating on the size …

Dividends worth $300 million to $400 million to Indian oil companies for their stakes in Russian oil assets are stuck due to sanctions by the US and the west after Kremlin’s invasion of Ukraine, said a person aware of the matter. The dividends are due since last year. Talks are …

Iranian exports of natural gas to Iraq increased significantly in April compared to earlier this year, according to a regional oil and gas analytics firm. In a report published on Saturday, the MEES quoted as saying a senior official in Iraq’s Electricity Ministry that imports of gas from Iran for …