India’s state-owned refiner Bharat Petroleum Corporation Limited (BPCL) prepares to issue a tender to buy U.S. WTI crude in four consecutive months this summer, a source with knowledge of the plans told Reuters on Friday. Indian refiners are looking to boost U.S. crude imports to diversify purchases, as the availability …
Read More »U.S. and Ukraine Reach Agreement on Minerals
The United States and Ukraine have reached an agreement on jointly developing Ukraine’s mineral resources, including transition metals and rare earth minerals, the Financial Times reported on Wednesday, citing Ukrainian officials and the final version of the agreement it had seen. Talks have apparently progressed since last week’s heightened tensions …
Read More »U.S. Sanctions Indian Firms Shipping Iranian Oil
The U.S. Office of Foreign Assets Control has added four Indian companies to its latest list of entities sanctioned for their involvement in the international trade of Iranian crude oil. The companies are Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP. The designation of …
Read More »Trumps Wants Keystone XL Built
President Donald Trump wants the Keystone XL pipeline built, he said in a post on his social network Truth Social. “Our Country’s doing really well, and today, I was just thinking, that the company building the Keystone XL Pipeline that was viciously jettisoned by the incompetent Biden Administration should come …
Read More »Ukraine Mineral Rights at Center of Negotiations with U.S.
As Ukraine prepares to mark three years since Russia’s full-scale invasion on February 24, leaders in Kyiv are weighing U.S. proposals for access to Ukrainian mineral resources. Speaking on February 23, Ukrainian President Volodymyr Zelenskyy said talks with the United States on the matter were “making progress.” The same day, …
Read More »U.S. LNG Exports Surge but Long-Term Growth Uncertain
The new U.S. federal government, unlike the last one, is a big fan of liquefied natural gas. It is an even bigger fan of cementing the country’s top position as LNG supplier to the world. Yet while this may seem easy enough, it is actually fraught with challenges. The two …
Read More »Trump’s Tariffs Create Uncertainty in European Steel Market
European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently …
Read More »Climate Action Momentum Stalls after U.S. Policy Reversal
Since President Trump decided to withdraw the United States from the Paris Climate Agreement, there has been rising concern that the U.S. absence from the global accord will create a leadership vacuum, which could threaten climate progress. This has encouraged other member states to double down on their commitment to …
Read More »Trump Unleashes LNG and Drilling Free-for-All
President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as …
Read More »Indian Firms Discuss Long-Term LNG Supply Deals with the U.S.
Indian Oil Corporation is in discussions to agree on a long-term supply deal with U.S. Cheniere Energy, in what could be one of many new LNG supply agreements between India and America. Indian Oil, the state oil and gas and refining giant, is negotiating a 15-year agreement to source LNG …
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