Global economic developments are expected to complicate India’s outlook further, the finance ministry said in a monthly review on Friday, adding that the country needs to stay the course on fiscal consolidation. India needs to focus on medium-term challenges, such as...

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U.S. crude oil imports decreased and exports increased during the week ending Dec. 16, the U.S. Energy Information Administration said Wednesday. U.S. crude oil imports averaged 5.819 million barrels per day (b/d) last week, down by 1.048 million b/d from the previous...

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Freeport LNG said on Friday it was again delaying the restart of its long-shut liquefied natural gas (LNG) export plant in Texas, this time from the end of the year to the second half of January, pending regulatory approval. Since the plant shut in June, the...

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Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in December, after a Western price cap and an EU embargo on Russian oil took effect, according to traders and Reuters calculations. Traders said Russia has been unable to...

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The Saudi Ports Authority (Mawani) and Medlog, the logistics arm of the Mediterranean Shipping Co., have signed an agreement to build the first integrated logistics park and a re-export zone at King Abdulaziz Port in Dammam, the Saudi Press Agency reported. The deal,...

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