Oil & gas

India’s Russian Oil Imports Defy Sanctions Squeeze as Discounts Widen to $7/Barrel

By Axel Miller | 17 Dec 2025

India’s Russian oil imports defy sanctions forecasts, tracking 1.85 million bpd in December as state refiners exploit $7/barrel discounts while Reliance pauses.

India’s Crude Palm Oil Imports Rise in November as Price Gap Widens

By Axel Miller | 15 Dec 2025

India’s Crude Palm Oil imports rose in November 2025 as refiners switched from expensive soft oils. Total edible oil imports hit a 7-month low.

India’s Russian Crude Imports Hit Five-Month High as State Refiners Fill Gap

By Axel Miller | 12 Dec 2025

India’s Russian crude imports hit a 5-month high of €2.6 billion in November as state refiners ramp up buying. Refined fuel exports to Australia surge.

Over 30 Sanctioned Vessels in Venezuela Face Fresh Risk After U.S. Seizes Tanker

By Axel Miller | 11 Dec 2025

U.S. seizes Venezuelan oil tanker Skipper, putting over 30 sanctioned vessels at risk and rattling the global shadow fleet.

Venture Global Rejects Shell's Fraud Claims as LNG Battle Intensifies

By Axel Miller | 10 Dec 2025

Venture Global denies Shell’s fraud allegations in New York court filing, citing confidentiality breaches while signaling potential settlement talks. Stock slides to $6.56.

Oil prices dip on surprise U.S. inventory build and geopolitical jitters

By Axel Miller | 22 May 2025

Oil prices continued their downward drift on Thursday, marking a third consecutive session of losses.

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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