Top offshore oil and gas producer is looking to sell operations in Britain, Canada and the US, because of concern the assets could be subject to Western sanctions, sources say

The government confirmed it would provide A$125 million each to Viva and Ampol to revamp their refineries to start producing cleaner petrol by 2024

Last year, output reached 43.22 million tonnes of oil equivalent at Daqing Oilfield, one of the country's largest oil production bases

External Affairs Minister Subrahmanyam Jaishankar lashed out at criticism over India's purchases of Russian energy, saying they are necessary to secure the nation's energy security.

Presi­dent Joe Biden will talk to Indian leader Narendra Modi on Monday, at a time when the US has made clear it does not want to see a big uptick in Russian energy imports by India

Chinese oil giant CNOOC said on Monday it will raise 28.08 billion yuan ($4.4 billion) in a listing in Shanghai, after setting the price for what will be the mainland 11th-biggest public stock offering

Contingency plans could put Japan in direct competition with Europe for global gas supplies, highlighting Tokyo's focus on meeting its own energy needs

The deficit could reach $130 billion for fiscal 2022 if crude oil bounces back to $130 a barrel and the yen trades at 120 against the dollar

China's request for lower volumes followed that of India, where at least two refiners had planned to buy less Saudi oil than usual in May

India joined other major consumers to release 5 million barrels of oil from its strategic reserves in November to contain inflationary pressures and says it will look a similar move again

China will strictly control new capacity in its oil refining industry and will accelerate the elimination of inefficient and outdated production capacity, the industry ministry said

State-run Sinopec, CNOOC, PetroChina and Sinochem have stayed on the sidelines in trading fresh Russian cargoes for May loading