The CEO of the National Iranian Gas Company (NIGC) stated that gas consumption increased by 55% in the first four days of the Iranian month of Aban, which began October 22, this year compared to the same period last year.
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Iran’s Deputy Energy Minister Homayoun Haeri has said the Islamic Republic is seeking to use Chinese expertise and technology to develop the country’s renewable industry, IRNA reported.
Energy ministers of Iran and Pakistan met and held talks on the sidelines of the Third Belt and Road Ministerial Conference held in Qingdao, China.
In the early hours of Saturday, several explosions were heard in Tehran, the capital of Iran.
Brent Crude Oil Today October 25, 2024
Brent crude futures climbed 31 cents, or 0.4%, to $74.69 a barrel by 0642 GMT while U.S. West Texas Intermediate crude was at $70.48 a barrel, up 29 cents, or 0.4%.
Indian firm Adani Total Gas reported on Thursday a 7.5% increase in its consolidated profit for the quarter ended September 30, as sales of compressed natural gas (CNG) for vehicles continue to grow.
The price of natural gas price in Alberta is set to lose its discount once the LNG Canada project enters into operation, the chief executive of Tourmaline Energy, the country's top natural gas producer, has warned.
The International Energy Agency has predicted that fossil fuel consumption will reach its peak by the end of the current decade while electricity demand will rise dramatically, in what the IEA calls the Age of Electricity.
Global Crude Oil Price Today October 24, 2024
Brent crude futures were up $1.26, or 1.7%, to $76.22 a barrel. U.S. West Texas Intermediate crude futures climbed $1.26, or 1.8%, to $72.03.
India's Finance Ministry will consider a proposal to ditch the windfall tax on domestic crude oil production, amid much lower prices compared to when the levy was introduced in 2022, a senior government official said on Wednesday.
The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of U.S. sanctions.
Iranian President Masoud Pezeshkian announced that Iran and India's membership in BRICS provides a suitable platform for further strengthening bilateral relations and ensuring mutual benefits.
The global price of crude oil today, October 23, 2024
Brent crude futures eased 50 cents, or 0.7%, to $75.54 a barrel by 0640 GMT. U.S. West Texas Intermediate crude futures shed 50 cents, or 0.7%, to $71.24 a barrel.
India's oil minister hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market.
Methane gas detectors are essential for ensuring safety in environments with CH4 presence, as they detect dangerous levels of methane, preventing explosions and health issues.
Iranian President Masoud Pezeshkian, while presenting the budget bill for the next Iranian calendar year of 1404 to the parliament, stated that reforming energy subsidies is one of the main challenges of the proposed budget.
Iranian Minister of Petroleum Mohsen Paknejad left Tehran for Kazan, Russia, today to accompany the President on his trip to attend the 16th BRICS Summit.
Chinese and Indian oil traders have been responsible for the explosive growth of dark fleet tankers hauling Russian crude to Asia, evading Western sanctions.
Iranian Finance and Foreign Affairs Ministry reports 182 foreign investment applications approved in three months since the 14th government's incumbency, totaling $1.8 billion in approved plans.
The US reports that despite sanctions, Iran's oil exports are expected to increase by 100,000 barrels per day in 2024, reaching 1.5 million barrels per day.