The world price of crude oil on July 26, 2024
Brent crude futures for September dipped 1 cent to $82.36 a barrel on Friday. U.S. West Texas Intermediate crude for September fell 6 cents to $78.22.
BREAKING NEWS Feed Atom
Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this year, a shipping source told Reuters on Thursday.
The weekly price of the OPEC basket of twelve crudes fell by 2.77 dollars during the week ending on July 25.
Despite the return of U.S. sanctions on Venezuela, India's biggest private refiner, Reliance Industries, has obtained a U.S. license to buy crude from the South American country, sources with knowledge of the matter have told Bloomberg.
India's monthly oil imports from its biggest supplier Russia slipped marginally in June while those from the United States rose to the highest since Feb. 2022, data obtained from the industry sources showed.
Brent crude futures for September fell 63 cents, or 0.8%, to $81.08 a barrel by 0355 GMT. U.S. West Texas Intermediate crude for September slid 63 cents, or 0.8%, to $76.96 per barrel.
An Iranian researcher and his teammates at the University of Tehran are working on producing a synthetic fuel in a laboratory environment with the least pollution level through a simulator and combining percentages of materials together.
The director for planning and development in Iran’s National Petrochemical Company (NPC) said that the value chain projects in the petrochemical industry have been specified and introduced to the National Development Fund (NDF) for financing.
The 13th administration of Iran successfully neutralized the sanctions imposed on the export of gas condensate and converted the Achilles’ heel of the sanctions into value-added, Minister of Petroleum Javad Owji said.
The world price of crude oil today, July 24, 2024
Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel by 0343 GMT. U.S. West Texas Intermediate crude for September increased 38 cents, or 0.5%, to $77.34 per barrel.
Iran's National Petrochemical Company (NPC) head Morteza Shahmirzaei plans to showcase the country's petrochemical industry's achievements and latest developments at the 15th Iran Petrochemical Forum.
Morteza Shahmirzaie, managing director of NPC, announced that next year, through close cooperation with the petrochemical industry and National Iranian Oil Company, gas flares will be shut down.
Director of the dispatching department of the National Iranian Gas Company (NIGC) Saeed Aghili says that natural gas and liquid fuel delivery to power plants has risen during summer this year.
Indian Oil Corporation (IOC) aims to generate $1 trillion in revenue by 2047, demonstrating its commitment to expanding its global presence and strengthening its position in the energy sector.
Tuesday 23th July 2024
Brent crude futures for September rose 2 cents to $82.42 a barrel by 0320 GMT. U.S. West Texas Intermediate crude for September dipped 2 cents to $78.38 per barrel.
The head of Central Bank of Iran (CBI) Mohammadreza Farzin says that the oil sector’s growth stood at 14.7 percent during the last Iranian year of 1402, which ended on March 19, 2024.
The Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei has said that the country can not only remove sanctions by resorting to honorable means but more than that can neutralize sanctions.
Indian Oil Corp aims to triple natural gas sales, increase renewable energy capacity to 31 GW by 2030, and build 5 GWh of lithium-ion battery-making capacity by 2031.
The head of the Islamic Republic of Iran Railways (RAI) Seyed Miad Salehi announced that Russia's coal was exported to India through Iran's railway for the first time.
A member of parliament says that the Iran-Russia gas transfer contract not only turns Iran into a gas hub in the region but also changes the regional energy balance.