Iranian and Syrian officials have discussed potential cooperation in the oil and gas sector, Syria’s official news agency SANA reports.

The government coalition partners and the cabinet reached an agreement for the 2023 budget in a meeting that lasted over 14 hours, Dutch media NOS reported.

The head of the US mission in Erbil met with a Kurdistan Regional Government (KRG) official today to discuss the ongoing oil dispute in Iraq.

The Fed has more work to do in taming inflation and the key interest rate needs to move up to above 4% by early 2023 and stay there, Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday.

Oil processing at Mexico’s national oil company Pemex increased substantially in July from the previous month, while crude exports rose slightly in a reversal of earlier national policy to cut exports and focus on the domestic market.

The world’s richest man and Tesla Inc. (NASDAQ: TSLA) founder Elon Musk has acknowledged that the world still needs oil and gas amid the ongoing global energy transition.

A Chinese defense firm has been shipping Venezuelan oil to China since 2020, Reuters has reported, citing unnamed sources, replacing state oil major PetroChina.

Indian Oil Corporation, the largest refiner in India, plans to invest $25 billion to achieve net-zero emissions from operations by 2046, its chairman told shareholders at the annual general meeting on Thursday.

Russian and Kazakh oil exports via the Caspian Pipeline Consortium’s (CPC) Black Sea terminal face at least one month’s disruption each once repairs begin on two of its three single mooring points (SPMs), CPC confirmed on Tuesday (23 August).

Extreme weather and the availability of cheap Russian oil following the Ukraine war have put pressure on India as it looks to become energy independent and falls behind on its renewable energy goals.