Oil Demand

India’s GAIL Open to Buying Russian Oil and Gas, Says Chair

GAIL has a long-term import deal with a unit of the Russian energy giant to buy an average 2.5 million…

2 years ago

India’s ONGC to Invest $4bn in New Oil and Gas Searches

India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise…

2 years ago

Russia Soars to Fourth-Largest Supplier of Indian Oil

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

2 years ago

Singapore Marine Companies to Merge as Downturn Weighs

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

2 years ago

EU Turns to Indonesia, Malaysia for Palm Oil – NST

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

2 years ago

India Offers to Work With IEA Nations on Oil Release

India joined other major consumers to release 5 million barrels of oil from its strategic reserves in November to contain…

2 years ago

Malaysia’s Petronas Sees Oil Demand Fragile Until 2024

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

2 years ago