OPEC’S daily oil price has risen consistently since 3rd June, a day after it fell considerably after holding 188th OPEC and 37th OPEC+ Ministerial Meetings on June 2.
BREAKING NEWS Feed Atom
Canada-headquartered oil and natural gas exploration player Sintana Energy has wrapped up its acquisition of a stake in Giraffe Energy Investments, which enabled it to get a hold of a new license in the Orange Basin off the coast of Namibia.
Portfolio investors sold record volumes of petroleum last week after OPEC⁺ surprised the market by announcing plans to increase production starting from the fourth quarter of 2024.
Brent crude futures fell 13 cents, or 0.16%, to $81.50 per barrel by 0613 GMT and U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.04%, to $77.67.
South Pars Gas Processing Complex managed to capture more volumes of gases burnt by gas stacks during the last Iranian calendar year, which ended on 20 March 2024.
India's end-use energy consumption is set to grow by 90 per cent by 2050 -- one of the fastest growth rates in the world, Russian oil giant Rosneft CEO Igor Sechin said.
Brent crude futures gained 15 cents, or 0.2%, to $79.77 a barrel by 0644 GMT and U.S. West Texas Intermediate crude futures was up 0.1%, or 10 cents, at $75.63 a barrel.
The head of the Tehran Sewage Company announced the production of diesel and black carbon from de-watered sludge in the process of wastewater treatment plants in the Iranian capital.
During the period Ibrahim Raisi served as president, the energy sector witnessed a major breakthrough amid boosting oil production and exports.
Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
Residents of Calgary, the largest city in Canada's main oil-producing province of Alberta, face running out of water and need to urgently cut their use after a critical water main break, city officials said on Friday.
Saudi Aramco's shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.
Russia plans to transit coal to India via the International North-South Transit Corridor (INSTC) passing through Iran, IRNA reported.
OPEC’s weekly basket price fell by 3.79 dollars during the week ending on June 6.
President Joe Biden's administration said on Friday it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve following its historic sale from the stockpile in 2022.
The official data of the United States show that the country’s trade with the Islamic Republic of Iran has increased by 72 percent in the first four months of this year.
The World Bank (WB), in its latest report, predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35 percent.
India's refining capacity is expected to reach 276.1 MMT by 2024, reflecting its strategic focus on enhancing its energy infrastructure to meet increasing domestic and global demand.
Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday.
Brent crude futures were down 11 cents, or 0.1%, to $79.76 a barrel while U.S. West Texas Intermediate crude futures rose 13 cents, or 0.2% to $75.68 as of 0824 GMT.