Oil & gas
Oil prices poised for second weekly drop amid US-China trade tensions
11 Apr 2025
Oil markets are heading for another weekly decline as ongoing trade tensions between the United States and China cast a long shadow over global demand forecasts.
Spain’s imports of Venezuelan oil surge ahead of US sanctions deadline
By Axel Miller | 04 Apr 2025
Spain’s crude oil imports from Venezuela saw a sharp increase in the first two months of 2025, rising by nearly 59% compared to the same period last year.
Sinopec signs $850 million exploration deal with Algeria's Sonatrach
27 Feb 2025
China Petroleum and Chemical Corporation (Sinopec), the state-run exploration and refining giant, has signed an $850 million contract with Algerian oil company Sonatrach
Larsen & Toubro secures $1.5 billion contract for Saudi Aramco’s carbon capture project: report
25 Feb 2025
Larsen & Toubro Ltd is reported to have secured a $1.5 billion contract from Saudi Aramco for construction of the first phase of its Carbon Capture and Storage (CCS) project.
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Saudi Aramco to acquire 25% stake in Philippines’ Unioil
21 Feb 2025
Saudi Arabia’s Aramco, one of the world’s leading integrated energy and chemicals companies, is acquiring a 25 per cent interest in Unioil Petroleum Philippines, the largest oil marketing company in the Philippines.
KG Basin arbitral award a sham, says Delhi High Court
16 Feb 2025
The Delhi High Court has held the arbitral award passed in favour of Reliance Industries Ltd in the Krishna-Godavary Basin dispute as patently wrong and illegal
Oil edges upward, but ambiguity over sanctions restrains momentum
15 Jan 2025
Oil prices rose on Wednesday, reversing a part of an earlier session’s decline. The reason – apprehensions over potential disruptions tied to sanctions on Russian oil tankers
Oil prices rise as US sanctions target Russian exports to China and India
13 Jan 2025
Oil prices continued their upward trajectory for the third consecutive session on Monday, with Brent crude crossing $80 per barrel for the first time in over four months.
Saudi Aramco and Sonatrach announce significant LPG price cuts
09 Jan 2025
In a move set to impact global energy markets, Saudi Aramco and Algeria’s Sonatrach have announced substantial price cuts for liquefied petroleum gas (LPG)
BP Eyes 44% boost in oil production from India’s largest field, says ONGC
09 Jan 2025
India’s largest oil and gas field, located off the country’s west coast, is set for a major output surge, as energy giant BP commits to ramping up oil production
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