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Oil prices fell more than 1.5% on Monday as investors once again focused on concerns U.S. tariffs on its trading partners will create economic headwinds that will reduce fuel demand growth. Brent crude futures slipped $1.10, or 1.6%, to $66.86 a barrel at 0255 GMT after closing up 3.2% on …

China halted liquefied natural gas (LNG) purchases from the United States in March, while simultaneously increasing its imports from Australia, Indonesia, and Brunei, according to a RIA Novosti analysis of Chinese customs data. In 2024, the US was among the top five suppliers of LNG to the Chinese market, exporting …

Iran imported non-oil commodities valued at $1.3 billion from Russia in the past Iranian calendar year 1403, which ended on March 20, 2025, according to an official with the Islamic Republic of Iran Customs Administration (IRICA). Abolfazl Akbarpour, the deputy head of IRICA for planning and international affairs, said that …

Iraq’s crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq News. The 3% drop in exports came as OPEC’s second-largest producer continues to restrict …

The United States will abandon efforts to broker a Russia-Ukraine peace agreement if progress isn’t made very soon and unless clear signs emerge that a deal can be reached, U.S. Secretary of State Marco Rubio said on Friday. “We’re not going to continue with this endeavour for weeks and months …

Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024. The key fields contributing to the increase include Pasakhi/Pasakhi North East, Rajian, Kunar, Sono, …

India plans to remove an unlimited liability clause in its nuclear energy laws in a bid to attract foreign firms, especially U.S. companies, to its nuclear energy sector. The Indian Department of Atomic Energy has prepared a bill that would remove a clause in the Civil Nuclear Liability Damage Act …

Most Asian countries are racing to pledge increased imports of U.S. energy to avoid the high tariffs slapped on them in early April. Delegations from many Asian countries are heading to Washington D.C. these days to discuss the U.S. tariffs, now suspended for 90 days, which are the highest for …

U.S. crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. Energy Information Administration (EIA). U.S. oil production is set to remain around the 14 million bpd level by 2030 and in the …

The Department of the Interior has ordered the suspension of construction works at the Empire Wind offshore project in New York, saying the project may have been approved by the previous administration without an appropriate environmental assessment. The news follows an earlier report that construction of the Empire Wind installation …