International

China has boosted imports of Russia’s flagship Urals crude, as refiners buy additional volumes of discounted oil while India is hesitant amid U.S. threats over its purchases of Russian oil. China is the top buyer of Russian crude, but most of its imports consist of the ESPO grade shipped from …

Top U.S. and Iraqi officials have discussed the potential resumption of oil exports from Iraq’s semi-autonomous region of Kurdistan and the role of the U.S. oil companies operating in the country, the Iraqi foreign ministry said on Monday. Oil exports from Kurdistan have now been halted for two and a …

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs. Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons …

As China continues to grow its electric vehicle (EV) industry, it has expanded to several new markets in recent years, opening multiple production and assembly plants across Latin America. Chinese EV companies now offer a wide variety of EV models at competitive prices, making them well-suited to the Latin American …

Since coming into office, United States President Donald Trump has doubled down on his “Drill, baby, drill” statement by opening federal land for licensing and encouraging oil and gas companies to increase production. One state Trump has set his sights on is Alaska, an area where oil operations have become …

Algeria nears the finalization of agreements with U.S. supermajors Exxon and Chevron to explore and invest in its shale gas resources as the North African country bets big on boosting its gas pipeline and LNG exports, the head of the Algerian energy regulator told Bloomberg. “The technical aspects have more …

India is launching a national deepwater exploration mission to tap more of its energy resources, boost domestic energy supply, and reduce dependence on imports, Prime Minister Narendra Modi said on Friday. “India will harness its deepwater energy resources, strengthening energy self-reliance and reducing dependence on foreign fuel imports,” Modi said …

The Saudi Private Investment Fund has written down $8 billion from the value of the Saudi state’s megaprojects over the past year as they struggle to move forward amid budget overruns combined with weaker oil prices. According to a Financial Times report that cited an unnamed source, Saudi Arabia’s sovereign …

Brent crude prices are on track for a sharp decline in the coming months, with the U.S. Energy Information Administration (EIA) now forecasting prices to fall from $71 per barrel in July to an average of $58 in the fourth quarter of 2025—and to slip toward $50 in early 2026. …

Ford will invest $5 billion in the production of a new line of EVs and batteries, despite the Trump administration’s removal of EV subsidies. The carmaker said the investment, in its Louisville assembly plant and the BlueOval battery park in Michigan, will “create or secure” as many as 4,000 jobs …