Europe banned most oil shipments from Russia almost a year ago, but it’s binging on diesel that may well have been made from Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, …

Iraqi officials in the oil sector plan to meet with representatives of international oil companies and Iraqi Kurdish officials in early December to discuss contract amendments focusing on the latest efforts to resume oil exports from northern Iraq through Turkey. The Undersecretary of the Ministry of Oil for Extraction Affairs, …

Russia’s Gazprom PJSC plans to invest $17.6 billion (RUB 1,573.627 billion) in projects next year. The company’s management committee reviewed the preliminary operating results for 2023 and the projected investment program and budget for 2025-2026, the company said in a media release. The committee endorsed the drafts of the investment …

Oil prices slipped on Monday as reports of disputes among OPEC+ members on their production quotas next year heightened supply uncertainties amid higher demand expectations during the first quarter of 2024. International benchmark crude Brent traded at $79.81 per barrel at 9.56 a.m. local time (0656 GMT), a 0.83% decrease …

Europe has intensified efforts this year to protect its clean energy manufacturing industries and reduce dependence on China for its renewable energy rollout. Several proposed EU acts are aimed at boosting Europe’s competitiveness in the global clean energy supply chain and minimize risks to energy infrastructure security. Europe’s wind industry, …

BP said on Monday it has entered Japan’s power market after receiving approval from the industry ministry to operate as a retail electricity provider. BP, focused on transforming itself into an integrated energy company, said in a statement the move was part of its plan to expand its investment in …

In a strategic pivot towards Asia, Gazprom PJSC has reported delivering record volumes of natural gas to China through the Power of Siberia 1 pipeline, exceeding its supply obligations. The Russian energy giant fulfilled an elevated request from China National Petroleum Corporation (CNPC) on Thursday, marking a significant moment as …

The General Director of the Industry, Mine and Trade Organization of the Iranian province of East Azerbaijan, Mohammad Jafar Ozmaei, stated that during the first 8 months of the current Iranian year, the province exported non-oil products amounting to over 960 million dollars, Mehr reports. According to Ozmaei, between March …

Indonesia, a country that continues to be heavily dependent on coal, has just announced a major investment in a renewable energy plan, marking an important shift. The funding comes from global lenders and is expected to spur greater investment in Indonesia’s renewable energy sector, as well as support decarbonisation. However, …

Brazil’s Petrobras has high hopes for the country’s oil industry, even under socialist President Luiz Inácio Lula da Silva, as it makes moves that suggest it is in it for the long haul. The state-owned oil major has plans to transform Brazil’s global energy presence, which includes boosting its oil …