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.

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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