Global crude oil prices today, December 17, 2024
U.S. West Texas Intermediate crude was down 11 cents at $70.60 a barrel, while Brent crude futures eased 2 cents to $73.89 a barrel.
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Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand for Canadian crude in U.S. and international markets.
Qatar has agreed a deal to supply India's top natural gas distributor GAIL with liquefied natural gas for five years, three sources familiar with the matter said on Monday.
Iran has set a new record for natural gas production at the South Pars field, reaching 712 million cubic meters per day, according to the head of Pars Oil and Gas Company.
President Masoud Pezeshkian highlighted the excessive energy consumption in Iran, stating, "We use more than two to three times the electricity and gas consumed by European countries.”
The Iranian oil minister announced the achievement of new records in fuel supply despite severe cold weather and an energy imbalance.
The first vice president of Iran announced that developing shared oilfields is a key strategy of the 14th Iranian administration.
World crude oil price today December 16, 2024
Brent crude futures fell 29 cents, or 0.4%, to $74.20 a barrel. U.S. West Texas Intermediate crude dropped 36 cents, or 0.5%, to $70.93 a barrel.
Offshore Norge industry association predicts oil and gas companies in Norway to invest a record 275 billion crowns ($24.68 billion) in 2025, up from 263.7 billion this year.
India plans to supply liquefied natural gas to Sri Lanka's power plants, connect their power grids, and lay a petroleum pipeline between the two nations, according to Prime Minister Narendra Modi.
Iran's Renewable Energy and Energy Efficiency Organization (SATBA) is inviting investors to participate in the construction of renewable energy power plants to address the country's electricity imbalance.
The National Iranian Gas Company reported a record consumption of 641 million cubic meters of gas in residential, commercial, and small-scale industries, marking a new Iranian year high.
A member of Iran’s Parliament Energy Committee said that conserving electricity and gas is a national responsibility, urging citizens to help address the energy imbalance through efficient consumption.
India's import of Russian crude oil reached its lowest point since June 2022 in November.
EAEU Minister of Trade Andrey Slepnev emphasized Iran's significance in the free trade agreement, citing its strategic position on the EAEU's southern borders and involvement in the INST.
South Pars Gas Complex's managing director reports full capacity of refineries, delivering over 855 million cubic meters of gas daily to the national network.
Canada could retaliate against President-elect Donald Trump’s threatened tariffs by shutting down energy flows to the United States, a top Canadian official warned.
India saw a 6.7% increase in petroleum product imports in November 2024, and a 2.6% rise in crude oil imports for the April-November FY 2024-25 period.
The Iranian Oil Minister Mohsen Paknejad visited the National Gas Dispatch Center on Saturday to assess the current state of gas supply across the country as a new cold front hit Iran.
The Iranian president stressed the importance of simultaneously addressing both energy production and household consumption while managing energy imbalances and air pollution in major cities.