International

Norway has started to plan its 26th oil and gas licensing round in little explored frontier areas as it looks to boost exploration and resources to stem an expected decline in production from the early 2030s. Norway’s Energy Ministry has launched work on announcing the new licensing round for the …

Syria’s caretaker government is moving to restore the Kirkuk-Baniyas oil pipeline with Iraq, a strategic corridor that had the capacity to move up to 300,000 barrels per day to Syria’s Mediterranean coast before war and sanctions shut it down in the early 2000s. Syrian Energy Minister Mohammed al-Bashir will travel …

The European Union has increased its imports of Russian liquefied natural gas (LNG) by 9% since the war in Ukraine began in 2022, even as it calls out other nations for allegedly financing the Kremlin. According to The Economic Times, Russian LNG shipments to the bloc rose while purchases from …

Continued weaker demand for hybrid vehicles slowed the growth in China’s new energy vehicles to 12% in July from nearly 20% in June, according to official Chinese data published on Friday. Overall Chinese car sales also saw slowing growth last month, as the government is trying to tackle the overcapacity …

Russia’s Urals crude grade, which usually goes from the western Russian ports to India, is now being offered at discounts in China amid uncertainties over Indian purchases of Moscow’s oil following the additional tariffs. Spot Urals shipments going to China would be a significant re-routing of the Russian oil export …

U.S. President Donald Trump on Monday said he would “substantially raise tariffs” on Indian exports in response to the country’s continued import and resale of Russian crude oil. The remarks, posted on Truth Social, marked the first time Trump directly tied trade penalties to India’s energy sourcing decisions, according to …

Tankers loaded with Russian crude that had stayed idle off India’s coast for days discharged their cargo at Indian oil import terminals over the weekend, in defiance of the U.S. threats of additional “penalties” on the world’s third-largest crude importer for buying Russian oil. While Indian refiners last week were …

Private Chinese oil companies are expanding their presence in Iraq, joining China’s state majors in pouring billions into the development of hydrocarbons in the OPEC member. Per a Reuters report, Chinese independents in Iraq are about to see their collective output there rise to half a million barrels daily by …

A Kazakh appellate court has sided with the international oil majors operating the Kashagan oilfield, overturning a massive $4.2 billion environmental fine over sulfur storage practices. The North Caspian Operating Company (NCOC)—a consortium that includes Eni, Shell, ExxonMobil, and TotalEnergies—hailed the decision as confirmation that their sulfur handling meets both …

Chevron Corporation beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs. Chevron reported on Friday adjusted earnings of $3.1 billion, or $1.77 per share, for the second quarter of 2025, compared to adjusted earnings of …