OPEC lifts global oil demand forecast

Crude will remain the number one fuel in the world’s energy mix due to the focus on energy security, the report says Global oil demand will continue to rise in the medium and longer term even as the world moves to renewable energy, and the industry will require trillions of dollars in investment to meet…

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West closer to tapping $300bn in frozen Russian assets – US 

Washington and its allies could give Kiev a loan based on profits from blocked funds, Treasury Secretary Janet Yellen has said The US and its allies are nearing agreement on plans to provide Ukraine with a multibillion-dollar loan which would be linked to profits accrued from frozen Russian sovereign assets, US Treasury Secretary Janet Yellen…

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Rosneft announces major oil deal in India

New Delhi continues to boost Russian crude imports despite Western sanctions on Moscow Moscow and New Delhi have agreed to “substantially increase” the supply of crude oil to India and diversify its grades, Russian energy major Rosneft announced on Wednesday.

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