The US Energy Information Administration (EIA) announced, on Sunday, that Iraqi oil exports to the US had dropped during the past week. “In a span of a week, the US imports of crude oil from 10 major countries amounted to 6.016 million bpd, up by 251,000 bpd from the previous …

After decades of low interest in Libya’s oil and gas sector due to sanctions and the civil war, a possible new chapter could open in 2025. Based on the potential tender by the Libyan National Oil Company (NOC) for 22 onshore and offshore exploration blocks, expectations are high that international …

Iran exported non-oil commodities valued at $9.4 billion to Iraq during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that Iraq was the second top export destination of the …

Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest US sanctions package directed at Russian oil and gas revenue. President Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports, aiming to …

The United States is set to impose some of the harshest sanctions yet on Russia’s oil industry, Reuters has reported. According to a purported U.S. Treasury document circulating among traders in Europe and Asia, some 180 vessels, several senior Russian oil executives, dozens of traders and two major oil companies …

French oil and gas company TotalEnergies has begun building a gas processing facility in Iraq, the first stage of a massive multi-energy project. ArtawiGas25 will process 50 million cubic feet of gas per day from the Ratawi field, enough to supply local plants to power 200,000 households in the Basra …

Indian refiners expect their supply of cheaper Russian crude to be severely crippled with imminent U.S. sanctions expected to be slapped on tankers transporting Russia’s oil, refining sources in India told Reuters on Friday. Indian refiners understand that the outgoing Biden Administration is set to target in a new sanctions …

The Romanian business of Austria’s energy giant OMV has reached an agreement with German firm Uniper to supply natural gas to Germany from a Black Sea project from 2027, sources with knowledge of the deal have told Reuters. Austria and Europe as a whole are looking to secure alternative gas …

Ever since President-elect Donald Trump started talking about tariffs, Canada’s government has gone through a transformation. Overtly not huge fans of oil and gas, the ministers in Ottawa suddenly turned defensive. The latest to do that was resource minister Jonathan Wilkinson, who this week threatened in-kind retaliation against Trump’s tariffs. …

The top buyers of Russian and Iranian crude in Asia, China, and India, have been buying more crude from the Middle East and Africa, expecting fresh sanctions on Iran and Russia to cripple supply from these two exporters, traders have told Bloomberg. In the past few weeks, supply of Russian …