The world price of crude oil today, October 20, 2024
Brent crude futures increased by 0.3% to $73.53 a barrel in January, while U.S. West Texas Intermediate crude futures reached $69.70 due to expiry.
Oil India Limited and TotalEnergies signed a Technical Service Agreement in Paris on 18th November 2024 to collaborate on drilling stratigraphic wells in Indian Offshore waters.
The US-China Economic and Security Review Commission has called for a six-month study on China's indirect oil entry routes to protect the country from sanctions.
Global Crude Oil Price Today November 19, 2024
Brent crude futures were down 29 cents, or 0.4%, to $73.01 a barrel by 1240 GMT, while U.S. West Texas Intermediate crude futures slipped by 34 cents, or 0.5%, to $68.82.
India's oil product demand saw a 3% year-over-year increase in October, likely to continue in November due to higher vehicle sales and robust agricultural sector demand.
NIDC's head prioritizes increasing productivity from 67% to 90%, focusing on modernizing and renovating drilling equipment to boost efficiency.
Global Crude Oil Price Today November 18, 2024
Brent crude futures were up $1.52, or 2.14%, to $72.56 a barrel at 1503 GMT, while U.S. West Texas Intermediate crude futures were at $68.41 a barrel, up $1.39 cents, or 2.07%.
The head of Iranian Oil Terminals Company (IOTC) said his company is implementing new projects to improve oil export infrastructure at Kharg Island, IRNA reported.
Iran's ICCIMA head, Samad Hassanzadeh, emphasizes the need for significant foreign investment growth to achieve the eight-percent economic growth outlined in the country's Seventh National Development Plan (2022-2027).
President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
India is poised to lead the global hydrogen energy production and exports says Union minister for petroleum and natural gas Hardeep Singh Puri.
Pars Oil and Gas Co. (POGC) has raised gas production from Phase 11 of the South Pars gas field in the Persian Gulf, according to news service Shana report.
GAIL and Adnoc Gas have signed a 10-year Sales and Purchase Agreement for a long-term contract to purchase up to 0.52 million metric tonnes per annum of liquified natural gas.
India's Union Petroleum Minister, Hardeep Singh Puri, expressed optimism that increased oil production from US, Canada, and Brazil will stabilize global oil markets and reduce price volatility.
Iran's petrochemical export value increased by 24% in the first seven months of the current Iranian calendar year, according to the former head of the Islamic Republic of Iran Customs Administration.
India's Petroleum Minister, Hardeep Singh Puri, expressed hope that increased oil production from western countries like the U.S. and Canada will stabilize markets and prices.
Iranian Minister of Petroleum Mohsen Paknejad has said that the price of super gasoline will be determined based on the cost of imports.
Global Crude Oil Price Today November 13, 2024
Brent futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.2%, at $68.25.
Days after a blast triggered a fire at its Gujarat refinery resulting in the death of one person, Indian Oil Corporation (IOC) reported a fire at its Mathura refinery on Tuesday (November 13, 2024).
The OPEC Monthly Oil Market Report provides insights into short-term global oil market developments, including economic, price, consumption, production, trade, and tanker market.