The price of Russia’s flagship Urals oil blend is no longer set by Europe but by Asia, which has become the largest market for the commodity, Rosneft’s chief executive Igor Sechin said at the India Energy Week. “If Russian oil does not enter the European market, then there is no …

India plans to secure long-term deals for the supply of liquefied natural gas in a bid to reduce the share of coal in its energy mix. The biggest gas importer on the subcontinent, Petronet, is looking to secure some 12 million tons of LNG annually in additional supply under long-term …

Turkey ordered the resumption of crude-oil flows to the Ceyhan export terminal on the Mediterranean coast, according to an official with direct knowledge of the matter. State pipeline operator Botas had halted flows to the facility as a precaution on Monday morning, after the first of two massive earthquakes shook …

The United Arab Emirates will host the upcoming International Conference on “Effective Nuclear and Radiation Regulatory Systems: Preparing for the Future in Rapidly Changing Environment,” taking place in Abu Dhabi from 13th to 16th February. The conference is organised by the International Atomic Energy Agency (IAEA) and hosted by the …

Russian gas company Novatek is open to accepting payments in Indian rupees for any LNG term deal it signs with Indian gas entities, its chairman Leonid Mikhelson said on the sidelines of the Indian Energy Week on Feb. 6. Novatek is in talks with state-owned gas utility GAIL and other …

BP has reignited the row over the vast scale of energy company money making since the start of the Ukraine war when it reported record profits of £23 billion last year. The figures come days after Shell revealed it made £32.2 billion meaning that Britain’s two biggest oil and gas …

Turkey has halted crude-oil flows to the Ceyhan export terminal on the Mediterranean coast as a precaution following a devastating earthquake, according to an official with knowledge of the matter. State pipeline operator Botas made the decision on Monday morning after an earthquake in eastern Turkey, which was followed hours …

Oil prices rose in morning trade on Tuesday amid signs that China’s economic recovery is boosting crude demand. Brent, the benchmark for two thirds of the world’s oil, was 1.46 per cent higher at $82.17 a barrel at 10.39am UAE time while West Texas Intermediate, the gauge that tracks US …

Official Tokyo has joined the ceiling of prices for petroleum products from Russia introduced by the European Union, the Ministry of Foreign Affairs of Japan reported. The limit is being introduced “in connection with the current situation in Ukraine and as a contribution to international efforts being made to solve …

OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October was the right move and added that credit should be given to the OPEC+ alliance for its constructive role in supporting global market stability. “Due recognition should be given for our constructive and …