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India likely exported the highest-ever monthly volume of diesel to Europe in September, as higher premiums and curbed capacity due to maintenance in Europe incentivized Indian refiners to ship more fuel to the west, Reuters reported on Thursday, citing vessel-tracking data and trade sources. India is estimated to have exported …

Global LNG demand growth will be supported not only by higher power and gas consumption but also by surging demand from the shipping industry, where liquefied natural gas is poised to become key to replacing the dirtier fuel oil and other oil-based marine fuels. Demand for LNG bunkering is expected …

OPEC’s second largest producer, Iraq, plans to increase its oil production capacity to 5.5 million barrels per day (bpd) by the end of the year, up from about 4.4 million bpd now, Iraqi Oil Minister Hayyan Abdul Ghani told the Rudaw news outlet on Wednesday. “The plan is to reach …

TotalEnergies will sell its minority non-operated stakes in three mature oil and gas fields offshore Norway as part of a strategy to high-grade its upstream portfolio, the French supermajor said on Wednesday. The group’s Norwegian subsidiary, TotalEnergies EP Norge, has signed an agreement to divest its non-operated interest, 39.89%, in …

The U.S. Energy Information Administration just delivered a statistical shock: July’s monthly data shows U.S. total liquids output hitting a record 21.218 million barrels per day, nearly 500,000 bpd higher than the agency’s weekly estimates had implied. Crude production came in at 13.642 million bpd, with natural gas liquids at …

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday, the OPEC Secretariat called the claims “wholly inaccurate and misleading,” stressing that discussions among ministers …

The export availability of crude oil from Iraq’s semi-autonomous region of Kurdistan continues to increase after the pipeline from northern Iraq to the Turkish Mediterranean coast resumed flows on Saturday, one of the foreign companies operating in Kurdistan said on Monday. UK-listed Gulf Keystone Petroleum confirmed that crude oil exports …

Saudi Arabia is expected to raise slightly the price of its flagship crude grade loading for Asia in November, to reflect stronger Middle Eastern oil benchmarks, refining sources told Reuters in a survey released on Monday. The world’s top crude exporter will be tempted to increase its prices amid stronger …

TotalEnergies has agreed to sell 50% of its solar projects portfolio in North America to global investment firm KKR for about $1 billion, as part of the French supermajor’s renewables strategy to divest half of its already operational assets. TotalEnergies is selling 50% of a portfolio of combined 1.4 gigawatts …

Exports from the semi-autonomous region of Kurdistan will resume on Saturday, September 27, following agreements reached between Iraq’s federal government, the Kurdistan Regional Government, and a group of international oil companies, Norway-based oil producer DNO ASA said on Friday. However, DNO, one of the major foreign producers in Kurdistan, will …