State-owned oil marketing companies have since May distributed 1.8 million liquefied petroleum gas connections under a new program targeting the extremely poor, according to official estimates.     Read Article  +

India’s oil minister has spent the past week in the US courting the world’s biggest energy companies for investment and touting the country’s expanding economy and future resource needs.     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  +

In response to India’s increasing reliance on petroleum imports, India plans to bring online the country’s first strategic petroleum reserve (SPR). The first phase of India’s SPR includes three locations (Visakhapatnam, Mangalore, and Padur) in so...  +

A rebel group claiming to fight for justice has resumed blowing up oil wells in the impoverished-but-oil-rich Niger River delta after six years of relative peace, adding to Nigeria’s growing economic issues.     Read Article  +

Militants are roaming oil-soaked creeks in the south, blowing up pipelines and decimating the nation’s oil production. Islamist extremists have killed thousands in the north. Deadly land battles are shaking the nation’s center. And a decades-old s...  +

Australia's liquefied natural gas producers are facing a grave new threat to their profitability as Japan's trade regulator reportedly considers whether to ban restrictions that limit where cargoes can be shipped.     Read Article  +

Oil refiners in Asia are processing less crude as they grapple with margins that plunged to five-year lows after the region was flooded with supply of refined products and as slowing economic growth hits demand for fuels.     Read Article  +

The levels of diesel, gasoline and heating oil in storage tanks in Europe this week are so high they are causing delivery backlogs and are casting doubt on whether demand for oil to be refined can be sustained.     Read Article  +

If Wednesday's numbers are any indication, the few observers who predicted that the U.K.'s exit from the European Union would cause extremely short-lived market turmoil may be proven correct: oil jumped over 3 percent and Brent crude rose above th...  +