Oil & gas
India Slips to Third Spot as Refiners Cut Back on Russian Crude Imports: Report
By Cygnus | 13 Jan 2026
India slipped to third place among the largest buyers of Russian fossil fuels in December 2025 after refiners reduced crude purchases, according to a CREA report, allowing Türkiye to overtake India for the month.
The New Oil (Part 2): How the 2026 lithium and graphite bottleneck could stall global EV growth
By Cygnus | 12 Jan 2026
Lithium and graphite are emerging as the key EV bottlenecks in 2026 as South America expands mining while China dominates processing and battery-grade conversion.
The New Oil (Part 1): How the 2026 Rare Earth Shock Is Reshaping the Global Economy
By Cygnus | 09 Jan 2026
Japan launches a 6,000m deep-sea mission as China restricts rare earth exports. Discover how the 2026 “New Oil” crisis is redefining global high-tech trade.
Oil Heads for Third Weekly Gain as Geopolitical Risks Lift Prices
By Cygnus | 09 Jan 2026
Oil prices head for a third weekly gain as geopolitical tensions involving Venezuela and Iran raise supply concerns, offsetting last year’s global surplus.
Trump’s Venezuela Pivot Squeezes China; Refiners Shift Toward Canadian Crude and Iranian Heavy
By Axel Miller | 08 Jan 2026
Trump’s Venezuela blockade forces Chinese refiners to choose between expensive Canadian crude and discounted Iranian oil. Explore the 75-day supply cushion.
Reliance Denies Russian Crude Intake at Jamnagar, Calls Reports ‘Blatantly Untrue’
By Cygnus | 06 Jan 2026
Reliance Industries denies reports of Russian crude bound for Jamnagar as “blatantly untrue,” amid 50% U.S. tariffs and a 5.1% stock crash.
Trump Administration to Court U.S. Oil Majors for Venezuela Revival Plan
By Axel Miller | 06 Jan 2026
Trump administration seeks $100B Venezuela oil revival; proposes federal subsidies for Exxon, Chevron, and ConocoPhillips.
BP to sell 65% stake in Castrol to Stonepeak for $6 billion
By Unnikrishnan | 25 Dec 2025
BP sells 65% of Castrol to Stonepeak for $6B, valuing the unit at $10B.[1][2][3][4][5][6] The deal cuts debt and forms a new JV, with BP retaining a 35% stake.
Reliance got one-month reprieve from US sanctions on oil imports from Russia: report
By Unnikrishnan | 25 Dec 2025
Reliance secures a 1-month US waiver for pre-contracted Russian oil. RIL diverts Rosneft cargoes to domestic units to safeguard EU exports.
Myanmar restarts LNG imports after four-year hiatus; first cargo powers 150 MW grid injection
By Axel Miller | 23 Dec 2025
Myanmar restarts LNG imports after 4 years with Dapeng Princess delivery. CNTIC VPower & Everest Energy power 150 MW at Thilawa to ease 2026 blackouts.
