US asked Indian officials not to purchase too much Russian oil, energy official tells Senate subcommittee on Europe and regional security cooperation

GAIL has a long-term import deal with a unit of the Russian energy giant to buy an average 2.5 million tonnes of liquefied natural gas (LNG) per year

India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise its oil and gas resources to cut its import bill

Indian refiners have increased their purchases of cheaper Russian oil shunned by many other countries over its Ukraine invasion

Keppel Offshore & Marine, one of the world's largest offshore oil rig builders, and Sembcorp Marine have suffered from a prolonged and severe sector downturn

Industry observers say low Malaysian palm oil production might limit its ability to fulfill the potential increased demand from the EU.

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

After 2024, Petronas said it foresees a positive outlook for drilling rigs activity while continuing to enhance and upgrade capability