Hungary’s Prime Minister Viktor Orbán has raised concerns about the European Union’s policy of sanctioning Russia. He argues ...

NNPC Limited and oil marketers imported 1.5 million metric tonnes (mts) of Premium Motor Spirit (PMS) or two billion litres ...

Nigerian oil marketers led by state owned Nigerian National Petroleum Company Limited (NNPC) have been engaged in massive ...

China's natural gas demand is growing rapidly, driven by urban heating, cooking, and industrial use. China is the world’s ...

If the deal goes through, Russia will effectively continue supplying gas to the EU disguised as Azerbaijani. Russia continues to transport its resources through Ukraine's gas transmission system, ...

Crude oil inventories in the US rose more than expected in the week ended November 8 as product stocks fell sharply, EIA said ...

Commerce ministry officials said the ministry has formed a "special taskforce" to monitor and review the market situation and supply chain of essentials at the district level ...

Efforts to increase the refining capacity of ERL began in 2012 as part of a broader strategy to reduce the country's reliance on imported refined fuel. In the 2023-24 fiscal year, BPC imported ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, the IEA said, ...

IEA expects non-OPEC+ countries will increase the oil supply in this year and in the next year by about 1.5 mlb bpd ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...