A long-term decline in domestic oil production peaked last year at around 4.3 million barrels a day.     Read Article    +

Petroleo Brasileiro SA is in the final stages of selling a natural gas distribution network to a group led by Brookfield Asset Management Inc., and could sell more than a previously planned 81 percent in what would be its largest-ever asset deal, ...  +

Officials from three Indian oil and gas companies are in Tehran this week to discuss the development of the Farzad B gas field in the Gulf.     Read Article  +

More than 15 years after ExxonMobil discovered the Banyu Urip oil field, Indonesia is finally reaping the benefits from it as crude production from the field moves closer to peak levels, prompting the OPEC member to launch exports of the low sulfu...  +

The acute state of oversupply in Asian LPG markets can be best described by the title of a 1966 song by The Beatles -- "Here, There and Everywhere."     Read Article  +

Oil traders once again believe it’s worth heading out to sea. The market structure for Brent crude, the benchmark for more than half the world’s oil, now makes it viable to store supplies in a ship to potentially lock in profits on a sale six mont...  +

A recent policy move by India's BJP-led government to raise prices of subsidized kerosene and LPG signals New Delhi's strong commitment towards further lowering its fuel subsidy burden and freeing up upstream companies' cash for projects, which wo...  +

Crude markets are undergoing some structural changes. As the U.S. benchmark plunged by more than 20 per cent in late July, it slipped technically into a bear phase, and Brent crude wasn’t far behind.     Read Article  +

Oil prices were on track for a weekly loss, with Brent hitting two-month lows on Friday, weighed by potentially higher Iraqi crude exports and bearish US inventory data from earlier in the week.     Read Article  +

Liquefied natural gas in Asia, which was in such over-supply that prices in Japan fell to a decade-low in April, has risen by almost half in the past three months as production outages stifled supply, demand rose in places like China and India and...  +