India’s Reliance Industries has shut down an oil and gas field in the offshore Krishna-Godavari basin after its production rates began to decline several …
Russia’s Energy Minister Alexander Novak has indicated that Moscow will continue to back its ally Iran in the Middle East despite its newly forged relations …
Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through local banks or branches of foreign banks in the country, …
As expected, China retaliated against the U.S. after President Trump announced a list of another $200 billion worth of Chinese goods that will be subjected to …
Saudi Arabia, OPEC’s largest producer and de facto leader, has hired former U.S. Solicitor General Ted Olson, now partner at law firm Gibson, Dunn & …
The global oil supply reached a record 100 million barrels per day (bpd), the International Energy Agency (IEA) said in its latest forecast. Crude output from …
The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister …
Iran’s crude oil and oil product revenues in the first four months of the Iranian year beginning March 21 until July 23 jumped by 60 per cent to reach the …
The Indian oil ministry is mulling over a policy amendment to allow energy companies sell oil and gas to their affiliates, Indian daily Economic …
India’s economic growth is expected to moderate in the second half of this financial year after a strong first quarter, owing to tighter financial …