News of the deal came as the US asked Japan if it could divert some of its LNG imports to Europe in the event of a crisis in Ukraine

The Organization of the Petroleum Exporting Countries and its allies led by Russia agreed to a small increase for March, raising the collective oil production target by 400,000 bpd

The planned 8,457-metre well is near the Tianshan Mountains, where geology is complex, according to China National Petroleum Corporation

Ahead of a visit to Beijing, he said there were "substantial" financial, industrial, technological and human resource opportunities for Russia and China

Beijing signed deals totalling $10.5 billion in new construction contracts in Iraq last year, part of its greater engagement towards the Middle East

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year

Binh Son says it is operating above capacity to address supply concerns as top petroleum firms plan to boost imports amid fears of a shutdown of the country's biggest refinery

The company completed the relinquishment of exploration permits covering three offshore blocks and is in the process of withdrawing from three others

The detour followed an order from a US judge that the ship be held as part of a lawsuit over alleged failure to pay $4.6 million in fuel bills

BP in 2019 bought a 49% stake in more than 1,400 petrol pumps and 31 aviation turbine fuel stations owned by Reliance for $1 billion

Jakarta conducted a test flight using jet fuel mixed with palm oil last year and plans to do road tests for biodiesel containing 40% palm fuel next month

Members of OPEC, mainly from Middle East and Africa, saw their share of the pie in India shrinking to 70% in 2021, from a peak of 87% in 2008