OPEC’s share of India’s oil imports fell to the lowest in at least two decades in the year to the end of March as overall purchases by Asia’s third largest economy fell to a six-year low, data obtained from industry and trade sources showed. Total crude imports by the world’s …

South Korean shipbuilders are enjoying a booming liquefied petroleum gas (LPG) ship market, snapping up a significant number of new orders placed this year, industry data showed Sunday. South Korean builders have won 31 LPG carriers out of 44 ordered so far this year, accounting for about 70 percent of …

The Russian oil is being supplied to Belarusian refineries as normal, Belarusian Prime Minister Roman Golovchenko said in an interview aired by the Belarus-1 TV channel on Sunday, adding that the US’ sanctions do not affect the supplies. “In accordance with the decision that has been taken, the sanctions cover …

Oil rose toward $67 a barrel as weaker demand from virus-ravaged India partially offset optimism over the global economic recovery. Brent crude edged higher after most-active prices rose almost 6% last month. April sales of gasoline in India fell to the lowest since August, while those for diesel were the …

Iran exported over $34.998 billion worth of non-oil goods to 143 countries last year (March 20, 2020 to March 20, 2021), an economic official said on Sunday. Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi said that his country exported non-oil products worth over $34.998 billion …

In a meeting with his Iranian counterpart in Tehran, Iraqi Energy Minister Majid Mahdi Hantoush announced that his country will continue purchasing gas and electricity from Iran. “Iran and Iraq have agreed to continue imports of Iranian gas and electricity and Iraq will pay its debts to Iran,” Hantoush said …

Iran will use its financial resources blocked in Iraq for the purchase of coronavirus vaccines from Russia, Energy Minister Reza Ardekanian said. In comments after a meeting with Iraq’s Electricity Minister Majid Mahdi Hantoush, held in Tehran on Sunday, Ardekanian said Iranian President Hassan Rouhani has ordered that the money …

Iran expects to export as much as 2.5 million b/d of crude after the removal of US sanctions as the third round of talks between Tehran and some signatories to the nuclear agreement concluded in Vienna amid hopes of Washington removing oil sanctions on Tehran. “Oil sales have dropped much. …

Hydrogen, produced without carbon emissions, will find use in many sectors of a future ‘hydrogen economy.’ Its high energy intensity can make it the basis of fuels that reduce carbon emissions in the ‘hard to abate’ transportation and industrial sectors. Its unmatched capacity to store energy long term and seasonally …

On the back of developing political and economic relations between Qatar and Turkey, the LNG-rich Gulf state has been a growing market for Turkish contractors since 2014, an official of a Turkish consultancy firm has said. Citing data by Engineering News Record, Cigdem Ulug Kutlu, partner Shedu Consulting & International …