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Sinopec Challenges India's Energy Influence with New Sri Lanka Refinery

Sinopec Challenges India's Energy Influence with New Sri Lanka Refinery

The refinery project in Sri Lanka is a move by the top Chinese and global refiner to secure more markets overseas.

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U.S. Drilling Activity Slips

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

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The Financial Times, citing unnamed US officials, recently said long-range drones have hit at least 20 energy facilities deep within Russia so far this year.

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Oil prices are set to post a weekly gain as bullish catalysts build while geopolitical risks remain very much present.

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India has ratcheted up renewable energy installations in recent months, with installations in March this year more than doubling the previous all-time high set in March 2022

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After a volatile week, oil prices moved higher on Friday on the back of positive economic remarks from U.S. Treasury Secretary Janet Yellen

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