India's domestic natural gas consumption increased 7.1% in June, driven by an 11.3% increase in imports and a 2.9% expansion in domestic gas production.
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India is a great power that determines its national interests and chooses its partners, Russian Foreign Minister Sergey Lavrov has said, describing as completely unjustified the enormous pressure on New Delhi due to its energy cooperation with Moscow.
The latest figures by the Statistical Center of Iran (SCI) puts the country’s jobless rate at 7.7 percent in the first three months of the current calendar year to late June.
Petroleum Minister Javad Owji views signing the Russian Gas Transfer to Iran Document as a significant step in the 13th administration's energy diplomacy, potentially fostering economic growth and ensuring Iran's energy security.
The latest issue of the OPEC Bulletin concerns the importance of the oil industry heritage and the necessity of contribution to its preservation.
Brent crude oil futures was down by 4 cents to $83.69 a barrel by 0315 GMT. U.S. West Texas Intermediate crude futures also eased 4 cents to $80.72.
According to news reports, Indian Oil Corp (IOC) only got two bids to construct the nation’s first green hydrogen facility at its Panipat refinery in Haryana. This is in reaction to the project’s second tender, the first of which was discarded due to claims of preferential treatment.
India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday.
Specialists of an Iranian knowledge-based company succeeded in reverse engineering and indigenization of the sensors for level gauges, one of the key equipment needed in the oil and gas industry.
Iran's oil production will reach four million barrels per day (bpd) by the end of current Iranian year calendar (March 20, 2025), according to Iranian Oil Minister Javad Owji.
The capacity of Iran's renewable power plants has reached 1,199.71 megawatts (MW), based on the latest data released by Iran's Renewable Energy and Energy Efficiency Organization (SATBA).
China, Japan and South Korea are set to receive cargoes of oil imports from Canada's newly expanded Trans Mountain pipeline in September, becoming the first Asian countries to benefit from the facility since it became operational in May.
Brent futures fell 21 cents, or 0.25%, to $84.64 a barrel by 0408 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 25 cents, or 0.31%, to $81.66.
The Egyptian Ministry of Petroleum and Mineral Resources has announced plans to significantly increase petrochemical production capacity and attract investments in exploration in the amount of US$2.1 billion. This is reported by Daily News Egypt.
Bangladesh Prime Minister Sheikh Hasina said her government would prefer neighboring India execute a $1 billion river development project, a move that would soothe New Delhi’s security concerns.
Iranian Minister of Petroleum Javad Owji met with President-elect Masoud Pezeshkian and wished him success.
Brent crude futures rose 15 cents, or 0.2%, to $85.18 a barrel by 0425 GMT after settling down 37 cents on Friday. U.S. West Texas Intermediate crude stood at $82.41 a barrel, up 20 cents, or 0.2%.
Kuwait Oil Co. said it’s discovered “huge commercial amounts” of light oil and associated gas in an offshore field, marking a “turning point” in its efforts to explore offshore hydrocarbons.
Indian Oil Corporation Limited (IOCL) has launched a new fuel meant for racing cars and bikes taking part in motorsports, including Formula One.
A senior Iranian lawmaker has said the Islamic Republic is prepared to supply BRICS member states with oil and gas to meet their growing energy demands.