Operations at the Shuaiba oil refinery in Basra, Iraq, have been temporarily suspended due to an overload of fuel oil storage tanks. This disruption is a result of a lack…
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OPEC+ (OPEC and its allies, including Russia) is likely to extend its current oil output cuts until the end of the first quarter of 2025. This decision, expected to be…
The U.S. Department of Energy has proposed a substantial loan of $7.54 billion to a joint venture between Stellantis and Samsung SDI. This funding aims to support the construction of…
According to traders, Russia plans to increase oil product exports from its Black Sea port of Tuapse to 0.885 million tons in December. This represents a nearly 10% rise from…
The European Union (EU) has expressed confidence in its natural gas supply security despite recent sanctions imposed on Gazprombank by the United States. Gazprombank is a key financial institution facilitating…
According to Russian state-owned news agency TASS, oil flows through the Druzhba pipeline to Germany are proceeding as scheduled. This statement by Transneft, the pipeline operator, comes amidst a backdrop…
India’s Chief Economic Adviser (CEA) has expressed confidence in the continued stability of global crude oil prices, anticipating that the incoming US administration will maintain policies conducive to low energy…
A recent Reuters poll indicates a slight downward revision in the price forecast for U.S. crude oil in 2025. Analysts now expect West Texas Intermediate (WTI) crude to average $70.69…
The International Atomic Energy Agency (IAEA) is currently assessing the impact of Iran’s recent changes to its nuclear program on the agency’s inspection activities at the Natanz Pilot Fuel Enrichment…
The Indian government has launched its first-ever auction of 13 offshore mineral blocks, marking a significant step towards tapping into the country’s “blue economy.” These blocks, located in the Arabian…