India's petrochemical demand is projected to grow at around 8 per cent in 2024, surpassing the country's economic growth rate of 6 per cent-7.1 per cent annually from 2024-2026, according to a report by S&P Global Commodity Insights.
BREAKING NEWS Feed Atom
Brent oil futures, expiring in July, advanced by 0.5 percent to reach $84.33 per barrel, while West Texas Intermediate (WTI) crude futures rose by 0.6 percent to $79.26 per barrel at 21:21 ET (01:21 GMT).
Canada's oil sands will produce 3.8 million barrels per day (bpd) by 2030, a 15% increase from current levels, as companies focus on investing in optimizing existing projects and making them more efficient, a report from S&P Global Commodity Insights said on Thursday.
Iran's Oil Minister Javad Owji says the country’s oil production has increased by 60 percent in the current government starting August 2021, Shana reported.
Gas imbalance is a major barrier to expansion of export markets for Iran, said Mehdi Seyyedi, the head of the Ministry of Petroleum’s Europe, Americas and CIS Affairs Division in a meeting to study Iran’s capacities to become a gas hub, emphasizing the ways to gain positive gas balance.
Iranian Minister of Petroleum Javad Owji held talks with the Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Thursday and discussed latest development in global gas market.
Managing director of the Iran Fuel Conservation Company (IFCO), Hosain Abniki, says energy consumption in Iran is more than double the world standards.
Iran's liquefied petroleum gas export increased by 30% in the last Iranian year of 1402, according to the International Affairs Department of the National Iranian Gas Company.
International benchmark Brent crude traded at US$83.86 per barrel, a rise of 0.34 per cent from the closing price of US$83.58 per barrel in the previous trading session. American benchmark West Texas Intermediate (WTI) traded at US$79.39 per barrel.
Canada's oil industry is celebrating the Trans Mountain pipeline expansion, with executives and analysts predicting long-term production growth depends on new takeaway capacity availability.
Iran's crude oil production has risen by 70% in 2.5 years under the 13th Administration, according to Mohsen Khojastehmehr, CEO of the National Iranian Oil Company.
Iran’s natural gas production capacity increased by 60 million cubic meters per day in last Iranian calendar year (ended March 19, 2024), said the head of National Iranian Gas Company (NIGC) here on Thursday.
Iran’s oil industry has made advancements in technology despite sanctions, said the secretary general of the Gas Exporting Countries Forum (GECF) here on Wednesday.
The United Mexican States' Ambassador to the Islamic Republic of Iran Guillermo Alejandro Puente Ordorica said on Wednesday that despite the sanctions, Iran is one of the important oil producing countries in the region.
The ambassador of the Republic of Cuba to the Islamic republic of Iran said on Wednesday that “We are trying to pave the ground for the investment of Iranian companies in the field of oil and gas in Cuba.”
Iranian Parliament's Energy Committee spokesman, Mostafa Nakhaei, attributed the surge in foreign companies attending the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition to the failure of the sanctions project.
Fuel consumption in India jumped by 6.1% in April compared to the same month last year, official data showed on Tuesday, as demand in the world's third-largest crude oil importer continues to grow this year.
Brent crude oil futures fell $1.11, or 1.3%, to $82.05 a barrel by 0955 GMT. U.S. West Texas Intermediate crude futures fell $1.15, or 1.5%, to $77.23 a barrel.
The Department of International Affairs and Trading of Iran’s Ministry of Petroleum has actively participated in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, said a ministry official on Wednesday.
The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, Iran Oil Show 2024, which was inaugurated on Wednesday paves the ground for the exchange of opinions for industrialists and beneficiary sides.