India plans to expand its strategic oil reserves and storage capacity following recent volatility during the Iran conflict, while increasing refining capacity as it strengthens energy security and positions itself as a global refining hub. SourceContinue Reading
Oil Glut Calls May Be Getting Ahead of Reality | OilPrice.com Irina Slav What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… More Info Premium Content By Irina Slav – Jul 02, 2026, 11:00 AM CDT Oil prices have...Continue Reading
Kuwait Wants Consortiums to Bid for $7 Billion Oil Pipeline Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 02, 2026, 10:30 AM CDT Kuwait’s state oil firm, Kuwait Petroleum Corporation (KPC), has asked some of the asset management funds bidding for a stake...Continue Reading
Sunda Energy expects to complete its acquisition of producing assets in New Zealand’s Taranaki basin in September while continuing to evaluate development plans for the Chuditch gas project in Timor-Leste following recent regulatory discussions. SourceContinue Reading
Russia’s Fuel Crisis Spreads to Central Asia as Drone Strikes Escalate | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jul 02, 2026, 10:00 AM CDT Kyrgyzstan and Tajikistan,...Continue Reading
Kyrgyzstan Scrambles for Backup Fuel Supplies as Russian Shortage Bites | OilPrice.com Matt Smith Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01 More Info Related News By Matt Smith – Jul 02, 2026, 9:30 AM CDT Kyrgyzstan, which imports more than 90% of its...Continue Reading
Russia pummeled the Ukrainian capital in one of its largest drone-and-missile assaults this year, killing at least 17 people, highlighting Moscow’s stubborn efforts to pound Kyiv into submission. The July 2 attack came amid weeks of Ukrainian drone strikes that have targeted Russian oil refineries, a campaign that caused fuel shortages nationwide and stoked discontent...Continue Reading
NG Energy has spudded the second well in its six-well Sinú-9 drilling campaign as pipeline upgrades move closer to boosting gas takeaway capacity in Colombia. Development also continues at the company’s Maria Conchita block. SourceContinue Reading
TotalEnergies has agreed to sell its minority interest in Malaysia’s Marjoram gas field to INPEX for $350 million, continuing its strategy of optimizing its upstream portfolio while focusing on operated, low-cost gas developments in Southeast Asia. SourceContinue Reading
Nigeria’s NNPC Revenue Drops in May Despite Higher Oil Output | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 02, 2026, 8:00 AM CDT NNPC Limited booked lower revenues in May compared to April despite the higher crude oil and condensate production, the latest monthly...Continue Reading
