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A service for energy industry professionals · Monday, July 21, 2025 · 832,609,590 Articles · 3+ Million Readers
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  • Published on July 21, 2025 - 10:09 GMT

    EU Imposes Sanctions on Indian Oil Refinery

    (MENAFN) The European Union (EU) has revealed new sanctions targeting India’s second-largest oil refinery. The Vadinar facility, located in Gujarat, is partially owned by the Russian corporation Rosneft. This move forms part of the EU’s 18th set of …

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  • Published on July 21, 2025 - 07:39 GMT

    Oil Prices Drop Below USD70 Threshold

    (MENAFN) Last week, oil prices dropped beneath the crucial $70 threshold, driven by increased production from OPEC+ that alleviated concerns about tight global supply, alongside fresh US tariff threats under President Donald Trump that weakened demand …

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