Prime Minister Justin Trudeau’s government is likely to stall the sale of the Trans Mountain oil pipeline until after the federal election in 2025, according to officials familiar with internal discussions.
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Ankara is increasing natural gas imports to boost European energy security, focusing on supplying Turkmen gas to Turkey and exporting it to Europe.
China continues to import nearly record levels of Iranian oil this year, despite reduced Iranian crude intake by independent refiners due to low refining margins.
Iran’s Trade Promotion Organization (TPO) has held a seminar on the trade opportunities of Iran and Turkmenistan as the Islamic Republic is going to hold specialized agrifood exhibition in Turkmenistan, the TPO portal reported.
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.
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.