India’s Nayara Energy, which processes Russian oil, has completed a planned turnaround of its 400,000-barrels-per-day refinery at Vadinar, the Indian refiner said on Thursday. Nayara Energy, in which Rosneft holds 49% and which has been processing only Russian oil for months after the EU sanctions on the company, could boost fuel supply to the Indian

Iraq’s Prime Minister Ali Falih Al-Zaidi has directed oil companies operating in the semi-autonomous region of Kurdistan to resume operations beginning on Thursday, as OPEC’s second-largest producer scrambles to export crude with the Strait of Hormuz de facto closed. At a meeting with executives from oil companies operating in Kurdistan and top officials from the

The House voted 215-208 on Wednesday to direct President Donald Trump to withdraw U.S. forces from the Iran conflict, with four Republicans crossing the aisle in the most significant congressional pushback on Operation Epic Fury since the war began Feb. 28. The resolution, introduced by Rep. Gregory Meeks (D-N.Y.), invokes the 1973 War Powers Act

Pakistan has issued a new tender for LNG, to the amount of 1 million tons, The Nation reported today, citing the seasonal increase in electricity demand as summer heat sets in. This is the fourth LNG tender for the spot market over the last two months as the country grapples with the fallout from the

A regulatory overhaul of India’s grid has sparked fears in the solar power industry that they may suffer a negative impact on profitability. The overhaul includes a stipulation regarding penalties for solar generators if they fail to deliver the electricity that they have committed to supply to the grid, Reuters reported. India’s electricity grid is