India’s crude oil imports from Iraq increased in February 2025, according to data from analytics firm Kpler. India’s oil imports from Iraq increased 8.3% this month compared to January, surpassing 1.1 million barrels per day (bpd), the data showed. Conversely, imports from Russia reportedly fell by 14.9% to an average …

Despite assurances from the federal Iraqi government that the resumption of oil exports from Kurdistan is imminent, the foreign oil firms operating in the semi-autonomous Iraqi region said on Friday they would not be resuming oil exports today. Last week, Iraq’s Oil Minister Hayyan Abdul Ghani said that Iraq and …

Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an …

China’s imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top importer, is easing supply worries that had boosted …

The Islamic Republic of Iran Customs Administration (IRICA) has said that the country’s non-oil foreign trade in the first 11 months of the current Iranian calendar year (started March 21, 2024) hit $117 billion. Foroud Askari, who is also the deputy minister of economy, stated that the country’s non-oil foreign …

The U.S. sanctions on Russia’s oil trade have led to a slump in Indian imports of Russian crude, which have plunged to a two-year low in February, per data from analytics firm Kpler cited by Bloomberg. Since the Russian invasion of Ukraine and the bans on Russian oil in the …

Norway’s energy major Equinor has held early talks to sell stakes in Argentinian shale operations to Argentina’s state-owned oil firm YPF, its joint venture partner in the assets, Bloomberg reports, quoting an unnamed source with knowledge of the development. Equinor, which entered Argentina in the 2010s, has both offshore and …

A massive reshuffle of tankers allows non-sanctioned vessels to pick up trade with Russian and Iranian oil, which will result in a rebound in China’s imports of cheaper crude from the two producers in March, from a two-year low in February, analysts and traders tell Reuters. The Biden Administration’s farewell …

OPEC+ is still weighing its Q2 oil production plans, according to eight OPEC+ sources who spoke to Reuters this week—with Trump-incited complications creating an uncertain future for oil market balance. What’s at stake is OPEC+’s plans to lift oil production beginning in April 2025—something the group normally has to have …

The premium of natural gas for delivery in Europe this summer over the futures prices for next winter has plunged in recent days amid milder temperatures and talks on ending the war in Ukraine. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, slumped by 3.7% for the …