India’s imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel …

A senior Iranian official has rejected claims about giving individual access to Iran’s nuclear sites based on agreements reached during a recent visit by the director of the International Atomic Energy Agency (IAEA) Rafael Grossi to Tehran. Behrouz Kamalvandi, who serves as the spokesman for the Atomic Energy Organization of …

Russia is expected to mothball the Nord Stream natural gas pipelines damaged in the sabotage last autumn as there are no plans to either put them to use or repair them soon, Reuters reported on Friday, quoting sources with knowledge of the plan. Russia plans to seal up the ruptured …

UN leader Antonio Guterres on Saturday slammed the world’s rich countries and energy giants for throttling poor nations with “predatory” interest rates and crippling fuel prices. Guterres told a summit of the most deprived states on the planet that wealthy nations should provide $500 billion a year to help others …

Japan and a group of 10 other countries in Asia have agreed to pursue “practical pathways” for carbon neutrality through coordinated steps such as developing hydrogen supply chains and setting decarbonization standards while ensuring energy security. The agreement was reached as the group of 11 partner countries on March 4 …

The number of active drilling rigs in the United States stood at 749 this week, down by four from the previous week but up by 99 from last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 592 oil …

Oil major, Chevron Corporation, has said, it is leveraging on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting. Chevron also expects to maintain capital and cost discipline to deliver higher returns while growing energy supplies. Under the …

Russia will no longer rely on the West for its energy trade and its new energy policy will be oriented towards more reliable partners like India and China, said Russian Foreign Minister Sergey Lavrov in Delhi on Friday. “We would not rely anymore on any partners in the West. We …

The Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi met and conferred with the Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami in Tehran on Friday. Grossi arrived in Tehran on Friday evening and was officially welcomed by AEOI Spokesman Behrouz Kamalvandi. The IAEA …

Japan’s government pledged financial and technological support to help ASEAN countries accelerate their efforts to decarbonise their economies and combat global climate change, its industry minister said on Saturday. Energy-poor Japan aims to turn into the world’s leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as …