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President Donald Trump said on Monday that the United States and India have reached an agreement on a trade framework that cuts U.S. tariffs on Indian goods and commits New Delhi to expand purchases of U.S. oil and gas, pushing energy supply to the center of talks that have unfolded …

Qatari Energy Minister Saad al-Kaabi on Monday warned that rising power demand from artificial intelligence could wipe out the global LNG surplus and push markets into deficit by around 2030, despite more than 100 million tonnes per year of new LNG capacity scheduled to come online this decade, Reuters reported. …

The United States has extended a Treasury license that shields Venezuela-owned refiner CITGO Petroleum Corp from creditor actions through March 20, a move that preserves the company’s legal status while debt disputes continue, Reuters reported on Monday. The license prevents creditors from seizing Citgo’s U.S. assets as part of ongoing …

The global LNG market is expanding by 3% every year, growing at a faster pace than the overall natural gas market, Wael Sawan, chief executive officer of the world’s top LNG trader, Shell, said at an LNG conference in Doha, Qatar. Both supply and demand of LNG have surged in …

Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday as it continues to high-grade its international portfolio. The deal includes Equinor’s 30% non-operated interest in the Bandurria Sur asset …

Russia’s natural gas exports via the TurkStream pipeline to Europe jumped by 10.3% in January from a year earlier, Reuters calculations showed on Monday, as Gazprom boosted supply via the only gas route left from Russia to the EU. Last month, Russian gas supply via TurkStream totaled 1.73 billion cubic …

Kuwait exported record volumes of very low sulfur fuel oil (VLSFO) in January after a key refinery restarted full operations following a fire-induced partial outage at the end of last year. One of the Gulf’s top crude oil exporters, which also vies to be a major fuel oil exporter, was …

Natural gas prices in the United States dropped by 17% in Asian trade on Monday, driven by forecasts for milder weather in the coming weeks. Data from the National Oceanic and Atmospheric Administration cited by Bloomberg suggests that while most of the U.S. remains in the grip of cold winter …

Over a decade since the Arab Spring and the civil war that followed, Libya has opened its doors back up to oil and gas exploration. Despite the ongoing political uncertainty, with Libya divided between two leaderships, the North African country has established a U.S.-Libya partnership and bilateral relations, as well …

OPEC+ confirmed its plans to extend the pause on crude oil production hikes to March this year, citing “healthy oil market fundamentals as reflected in low inventories.” In a press release late Sunday, OPEC+ said that “the 1.65 million barrels per day may be returned in part or in full …