International

Russia’s potential withdrawal from the Comprehensive Nuclear-Test-Ban Treaty (CTBT) will not imply that the country will restore nuclear tests, Kremlin spokesperson Dmitry Peskov said Friday in a statement. The statement came after Russian President Vladimir Putin said at the 20th Annual Meeting of the Valdai Discussion Club on Thursday that …

There is widespread speculation that India could soon overtake China in terms of its oil demand to become the biggest consumer in the world. As China’s investment in renewable energy, metals and minerals and electric transportation begins to pay off, the Asian giant may soon no longer be the biggest …

The OPEC Fund for International Development has announced the allocation of a grant to support relief and recovery efforts in Libya, in the aftermath of Storm Daniel, which struck the country last month. In response to the humanitarian emergency, the OPEC Fund has approved a $500,000 aid grant to provide …

Petroleum and natural gas minister Hardeep Singh Puri has urged the Organization of the Petroleum Exporting Countries (OPEC) to show sensitivity to oil consuming-nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during a meeting with OPEC secretary general Haitham Al …

Following Saudi Arabia as the second-largest oil producer in OPEC, Iraq said on Tuesday that it will grant 30 new oil and gas projects in its fifth+ and sixth licensing rounds. At the ADIPEC energy conference in the UAE capital, Abu Dhabi, an official from the Iraqi Ministry of Oil …

India’s state power giant NTPC Ltd reported on Tuesday an 83% jump in coal production from the mines it operates in the first half of the 2023/24 fiscal year as India continues to rely on coal to meet most of its electricity demand. Coal still generates around 70% of the …

OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally. Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, …

The French government will significantly increase public spending on green energy projects while curbing the support to households to help them with the high energy prices, according to the 2024 budget. Budget 2024 will be “the greenest in our history,” France’s Finance Minister Bruno Le Maire said on Wednesday, announcing …

In an otherwise down market staring at a slow recovery in 2023, only India stands apart from the rest of the world in terms of aluminum production and consumption. Indeed, the government’s push for new infrastructure, especially for green energy, continues to drive domestic consumption and overall stability for aluminum …

The EIA reports that delays at the Panama Canal because of low water levels are causing very large gas carrier (VLGC) rates to reach record highs, increasing the cost of shipping LPG. The Panama Canal is a major energy transit point, and water levels at its crucial Gatún Lake were …