Russia’s Dark Oil Web Exposed in Major UK Sanctions Escalation
The UK on Tuesday slapped sanctions on Russia’s oil pipeline giant Transneft and targeted Russia’s dark web of illicit oil traders and shadow fleet operators, to attempt to further stifle…
Eni Set to Approve Two Gas Projects Offshore Indonesia
Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia, the head of the Southeast Asian country’s upstream regulator said…
Woodside Warns LNG Glut Fears May Be Overstated
Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken at face value, as demand will remain strong and not…
India’s Oil Import Dependence Climbs to Nearly 89% as Domestic Output Lags
India is growing more dependent on imports of crude oil, with the total share of imports in its oil consumption reaching 88.6% over the first ten months of its current…
Russian Oil Shipments Climb 6% Above Pre-2022 Invasion Levels
Russia is exporting crude oil at rates higher than before its 2022 invasion of Ukraine and the barrage of Western sanctions that followed it, many targeting specifically the oil industry.…
Diamondback Says Oil Glut Fears Are Fading as Demand Holds Strong
The risk of global oil oversupply is diminishing thanks to demand resilience, Diamondback Energy said in a letter to shareholders authored by the company’s chief executive ahead of the company’s…
