Robust Asian Demand Drives Saudi Oil Price Hikes

The world’s top crude oil exporter, Saudi Arabia, bets on robust demand in Asia as it raised the prices of its oil loading in September for a second month in…

India’s Reliance Warns Tariffs Threaten Oil Market Stability

Reliance Industries, the top private refiner in India, has warned in its annual report that tariff uncertainties and geopolitical events could affect global crude oil flows and oil market balances. …

Indian State Refiners Back Off Russian Oil Buying as U.S. Escalates Tariffs

The biggest Indian state-owned refiners are pulling out of spot purchases of Russian crude for cargoes loading in October, sources familiar with the procurement plans told Bloomberg on Thursday, a…

  • Gas
  • August 7, 2025
Gas standards under spotlight in India after major incidents

Two separate incidents involving gaseous oxygen have dominated headlines in India in recent days, raising fresh concerns over safety standards and infrastructure. In Punjab’s Mohali district, two workers were killed…

What is the World’s Most Valuable Oil and Gas Brand?

In a release sent to Rigzone recently by the Brand Finance team, Brand Finance announced that, according to its Energy 100 2025 report, the collective value of the world’s top…

Oil Steadies on Potential Trump-Putin Meeting in Coming Days

Summary US crude inventories fall by more than expected Investors remain cautious after Trump tariffs on India Saudi Arabia raises its crude prices to Asia (Reuters) – Oil prices steadied…

ConocoPhillips to Sell Anadarko Assets for $1.3 Bln; Profit Beats Estimates

(Reuters) – ConocoPhillips  will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose…

Talen Energy Quarterly Profit Falls on Higher Expenses, Susquehanna Outage

Aug 7 (Reuters) – Utility Talen Energy reported a fall in second-quarter profit on Thursday, hurt by higher energy purchase costs and maintenance expenses associated with a refueling outage at its…

Trump Hints at Additional Tariffs on China Over Russian Oil Imports

After slapping an additional 25% on Indian imports to punish India for buying Russian oil, President Donald Trump has suggested he might do the same with China. During a news…

China’s Oil Imports Jumped in July From a Year Earlier

Chinese crude oil imports jumped by 11.5% in July from a year earlier as major state refiners boosted processing rates, official data showed on Thursday. Last month, China imported 47.2…