Iran’s minister of economic affairs and finance said the oil industry attracted the highest foreign investment in the 11 months of the current Iranian calendar year (starting March 21, 2023).
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Brent crude futures fell 49 cents, or 0.6%, to $83.16 a barrel by 0302 GMT, while U.S. West Texas Intermediate futures (WTI) dropped 48 cents to $78.39 a barrel.
Iran’s Oil Minister Javad Owji on Tuesday asked people to conserve gas as the cold spell continued to grip the northern parts of the country.
Iran’s oil sector has witnessed a twofold increase in its annual economic growth in autumn 2023, said the government’s economic spokesman on Tuesday.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas and Housing and Urban Affairs, virtually launched ‘STORM’, a customised fuel specially curated by Indian Oil for FIM Asia Road Racing Championship 2024 season.
Canada's largest pension funds, which hold trillions of dollars in assets combined, are trailing behind many of their international counterparts when it comes to shifting away from investments in fossil fuels, a new report has found.
Brent crude futures rose 36 cents, or 0.44%, to $82.89 a barrel by 0745 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 31 cents, or 0.40%, to $77.89 a barrel.
Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.
Iran-Russia cooperation in the gas sector has been planned and could come to fruition, said Iran’s ambassador to Moscow.
Iran’s gasoline consumption exceeded 132 million liters per day as temperatures dropped sharply in recent days, said Oil Minister Javad Owji on Monday.
South Africa's Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs.
Bosnia's Serb Republic plans to increase its gas imports from Russia as the industry needs more supplies, the leader of the Bosnian separatist region told Russia's Izvestia newspaper in remarks published on Monday.
Goldman Sachs raised its summer 2024 Brent peak forecast by $2 a barrel to $87 as disruptions in the Red Sea contribute to modestly larger-than-expected draws in OECD commercial stocks, the bank said in a note dated Sunday.
Brent crude futures fell 39 cents, or 0.5%, to $81.23 a barrel by 1001 GMT. U.S. West Texas Intermediate crude futures (WTI) were down 34 cents, or 0.4%, at $76.15.
Following the significant temperature drop over the past few days, the consumption of natural gas by Iranian domestic and commercial sectors reached 532 million cubic meters (mcm), an official with the National Iranian Gas Company (NIGC) announced.
Expert meetings of the 17th Iran-Russia Joint Economic Commission started in Tehran on Monday.
The International Monetary Fund (IMF) increased its estimate of Iran’s economic growth in 2024, citing a higher-than-expected surge in the country’s oil production.
An additional 15 trillion standard cubic feet of gas have been proven at Saudi state oil company Aramco's Jafurah field, Energy Minister Prince Abdulaziz bin Salman said on Sunday.
Qatar will further raise gas production despite a steep drop in global gas prices, pushing ahead with plans to extract more of the resource amidst fierce competition with rivals such as the United States.
US Central Command in the Middle East known as CENTCOM has announced an attack on an American-flagged oil tanker in the Gulf of Aden off the Yemen coast.