India's oil imports from Russia rose in September as overall demand for hydrocarbons increased ahead of the Diwali festive season, according to analytics firm Kpler, as reported by the Indian Express.
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High-ranking officials from Iran and Qatar signed six cooperation documents in the fields of trade and economy, culture, education, sports, and agriculture.
China was Iran’s top trade partner in the first half of the current Iranian calendar year (March 20-Septemebr 22).
The CEO of the National Iranian Gas Company (NIGC) Saeed Tavakoli has said that the share of natural gas in the country’s energy basket is 70%.
Global crude oil prices today, October 4, 2024
Brent crude futures were flat at $77.55 a barrel, as of 0646 GMT. U.S. West Texas Intermediate crude futures were little changed at $73.65 a barrel.
Indian Oil Corporation and Nepal Oil Corporation have signed a B2B framework agreement for the extension of the Motihari-Amlekhgunj Petroleum Pipeline and oil storage terminals in Chitwan.
According to Keramat Veis-Karami, the average daily gasoline consumption in the first seven days of autumn stood at 128 million liters, IRIB reported.
The OPEC secretariat announced today that the Wall Street Journal article, dated 2 October which quotes the Saudi Oil Minister as saying oil prices may fall to $50/B is inaccurate and misleading.
Global crude oil prices today, October 3, 2024
Brent crude futures were up $2.82, or 3.82%, at $76.72 a barrel by 11:36 a.m. EDT. U.S. West Texas Intermediate crude futures rose $2.85, or 4.07%, to $72.95.
The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a meeting on 2 October and reviewed the current market situation.
Iranian Oil Minister Mohsen Paknejad says that the energy imbalance in Iran is not something that has been created in one or two years.
Global crude oil prices today, October 2, 2024
Brent futures leapt $1.08, or 1.47%, to $74.64 a barrel, while U.S. West Texas Intermediate (WTI) crude spiked $1.12, or 1.6%, to $70.95 at 0650 GMT.
Iranian minister of petroleum Mohsen Paknejad appointed Hassan Abbaszadeh as the acting head of the National Petrochemical Company (NPC).
Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, in the energy giant's biggest ever acquisition.
The head of the National Iranian Gas Transmission Company (NIGTC) stated that 99% of Iran's gas transmission equipment and facilities are domestically-made, indicating near-self-sufficiency in the industry.
Iranian First Vice President Mohammadreza Aref emphasized the 14th government's policy of strengthening Tehran-Moscow cooperation and promoting collaboration in various fields.
Global Crude Oil Price Today October 1, 2024
Brent crude futures for December delivery edged up 13 cents, or 0.18%, to $71.83 a barrel as of 0615 GMT. U.S. West Texas Intermediate crude futures for November delivery gained 14 cents, or 0.21%, to $68.31.
Petroleum product exports from India have soared to the highest level in two and a half years as maintenance season in Europe is stoking demand for fuels from other sources.
The president of Iran Masoud Pezeshkian has hailed a long-term natural gas supply deal with Russia's Gazprom that will help the country turn into a regional gas hub, bne Intellinews reports, citing a statement during a visit by Russia's Prime Minister Mikhail Mishustin.
Iran and Armenia are discussing ways to enhance economic cooperation, including establishing a joint free trade zone in Armenia, according to the Tehran Chamber of Commerce, Industries, Mines and Agriculture.