News in Numbers

The EIA forecasts that US oil production will peak at 14 million barrels per day (mbbl/d) in 2027, staying there until the end of the decade.

Indian Oil has reportedly entered a five-year deal with global commodities trader Trafigura to purchase 2.5 million tonnes of LNG, potentially amounting to $1.4bn (Rs118.46bn).

Tullow Oil will sell its Gabon assets to Gabon Oil Company for $300m (£232.34m) net of tax, with the transaction expected to close by mid-2025.

Russia and Iran have reached a deal for annual gas supplies of 55 billion cubic metres (bcm), with pricing yet to be finalised, says a Reuters report.

Russia has revised its oil and gas export revenue projections for 2025–27, with expected earnings at $200.3bn (Rbs16.56trn), a 15% fall on the year.