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.
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Mohammad Sadegh Azimifard, the CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) has said that oil product consumption has increased by 9 percent.
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.
The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.259 million barrels per day (bpd) of crude oil in October, while the figure was 3.327 million bpd in September.
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.
Deputy Minister of Economy of the Republic of Armenia Narek Hovakimyan emphasized his country’s serious determination to invest in Iran’s southeastern strategic Chabahar port.
The Iranian cabinet has approved the import and distribution of premium gasoline by legal entities authorized by the Ministry of Petroleum.
The Head of the Dispatching Department of the National Iranian Gas Company (NIGC) said the country's daily gas consumption reached 794 million cubic meters due to the decrease in air temperature.
The world price of crude oil today, November 12, 2024
Brent crude futures rose 4 cents to $71.87 a barrel, by 0745 GMT. U.S. West Texas Intermediate crude futures were down one cent at $68.03 a barrel.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report.
India's Oil and Natural Gas Corp.’s (ONGC) quarterly profit beat analyst estimates despite a dip in production and weak crude prices.
The Ambassador of Belarus in Iran Dmitry Koltsov has emphasized the need for holding the Iran-Belarus Joint Economic Committee meeting with the presence of the Industry and Trade Ministers of the two countries.
Seyed Mohsen Dehbanpour, the CEO of Aghajari Oil and Gas Production Company says the project to collect flare gas at the Rag-Sefid unit has made significant progress.
The world price of crude oil today, November 11, 2024
Brent crude futures fell 9 cents, or 0.1% to $73.78 a barrel by 0916 GMT while U.S. West Texas Intermediate crude futures were at $70.23 a barrel, down 15 cents, or 0.2%.
Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas-based economy from the imported crude based economy for its energy requirements.
The capacity of Iran's renewable power plants is going to increase by 500 megawatts (MW) by the end of the current Iranian calendar year (March 20, 2025), an official with Iran's Renewable Energy and Energy Efficiency Organization (SATBA) said.
The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) has stated that the company plans to use artificial intelligence to better manage the massive volume of oil product transfers and deter the possibility of disruptions and errors.