India plans to have a third of its heavy duty long-haul trucking fleet fuelled by liquefied natural gas (LNG) instead of diesel in five to seven years to cut pollution, according to a draft policy from the federal oil ministry.
State-owned enterprise Oil India Limited (OIL), a Maharatna CPSE, has declared its support for sustainable energy practices by signing up for the Oil and Gas Decarbonisation Charter (OGDC).
Tehran Chamber of Commerce and Turkish Exporters Union discussed improving trade relations between private sectors during a meeting between TCCIMA and TiM directors.
The head of the National Iranian Oil Company (NIOC) has emphasized the need to expedite the development of the South Azadegan oil field to boost output by late March 2025.
Will the establishment of Iran's gas export pipeline to Oman be implemented in late 2024 or early 2025? as stated by Omani Energy Minister Salim Al Aufi.
India's fuel consumption in August fell by more than 2% year-on-year to 18.35 million metric tons, oil ministry data showed on Friday, with diesel demand hit due to above-normal monsoon rains.
Liquefied natural gas (LNG) has become the most sought-after emergency energy source globally following Russia's invasion of Ukraine due to its quick availability and location-specific transport.
The global price of crude oil today, September 6, 2024
Brent futures were down 1 cent to settle at $72.69 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 5 cents, or 0.1%, to settle at $69.15.
India's envoy to Moscow, Vinay Kumar, announced that Russia remains India's largest partner in the energy sector, with plans to expand cooperation in the coming years.
OPEC Plus alliance members extend voluntary supply reduction of 2,200,000 barrels per day until November 2024, starting gradual supply increase plan from December 1st.
Brent crude rose 42 cents, or 0.6%, to $73.12 a barrel by 0810 GMT. U.S. West Texas Intermediate crude for October was up 37 cents, or 0.5%, at $69.57.
India's government is assessing the cost-effectiveness and reliability of transporting green hydrogen through dedicated pipelines from renewable energy zones to ports, as part of a strategy to reduce dependence on traditional transmission lines.
The Islamic Republic of Iran Customs Administration's chief says oil and mazut exports from the country generated some $19.5 billion in revenues in the first five months of the Iranian year.