International

The U.S. market is looking increasingly attractive for electric vehicle (EV) producers, as non-traditional EV manufacturers make plans to break into the market. A decade ago, when people thought of EVs one name came to mind – Tesla. Fast-forward a few years and consumers have a vast array of EV …

Replacing plans to extend the so-called MidCat pipeline across the Pyrenees, previously opposed by France, Spain and Portugal, they announced they will build an ocean-based pipeline to transport hydrogen and gas between Barcelona and Marseille. Portuguese Prime Minister Antonio Costa said the pipeline, also known as BarMar, will help pump …

Iraq seeks to boost output from the Badra oilfield operated by Russia’s Gazprom Neft, a senior official at the Iraqi Ministry of Oil Ali al-Wardi said on Saturday. Speaking to Sputnik, al-Wardi said, “we have an old contract…Gazprom continues to work pursuant to this contract. We have plans to increase …

Saudi Arabia’s energy minister held talks with counterparts from China and India, two of the kingdom’s biggest oil customers, amid a standoff with the U.S. over OPEC+’s decision to cut production. Prince Abdulaziz bin Salman held an online meeting with China’s National Energy Administrator Zhang Jianhua, during which they agreed …

US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to the shipment of military technologies bought from US manufacturers by Russian buyers, some of which have ended up on the battlefield in Ukraine. Federal prosecutors in Brooklyn say the electronic components purchased by Russian …

Minister of Energy Prince Abdulaziz bin Salman and Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura underscored the significance of supporting the stability of global oil market by promoting dialogue and cooperation between producing and consuming countries. During a meeting via video conference on Wednesday, the ministers affirmed that …

OPEC+’s decision to cut oil production came at the “worst possible moment” and will add to global inflationary pressure, a senior US State Department official said during a visit to the Middle East. “The impact is wide ranging,” Barbara Leaf, Assistant Secretary of State for Near Eastern Affairs, told reporters …

OPEC+ defended its controversial oil-production cuts, saying they were justified by the growing risk of a global recession. The cartel agreed on Oct. 5 to reduce its collective crude-output target by two million barrels, sparking condemnation from consumers including the U.S., which accused it of aiding Russia’s war in Ukraine. …

India may not be the most excited member of the club planning to cap prices of Russian crude oil, reported Livemint. Recently, finance ministers of G7 countries led by the US, proposed that oil-related service providers may only be allowed to deal in Russian seaborne oil and petroleum products at …

The India-based Oil and Natural Gas Corp (ONGC) is looking to buy a stake in the Russian firm managing the Sakhalin-1 project, while Japan is holding talks with stakeholders to decide on the project, according to Reuters. Earlier this month, Russian President Vladimir Putin signed an agreement to transfer operations …