Canada's First Nations are buying stakes in Canadian energy projects at an accelerating pace as they seek economic benefits from projects on their land and companies look to raise capital.
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Brent futures for June delivery were up $1.29, or nearly 1.5%, at $88.71 a barrel by 0912 GMT. U.S. West Texas Intermediate (WTI) crude futures for May rose $1.30, or about 1.6%, to $85.01.
Average daily gasoline consumption in Iran has reached about 132 million liters in the first 12 days of the current Iranian calendar year (March 20-31), according to the National Iranian Oil Products Distribution Company (NIOPDC).
The China Customs has announced that the trade exchanges between Iran and China stood at more than $2.8 billion from January to February 2024.
Iran’s Oil Ministry has created a stable market for knowledge-based companies, said a ministry official on Monday.
Canada is not interested in subsidizing future liquefied natural gas (LNG) projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday.
Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May after Middle East benchmarks strengthened last month, industry sources said.
Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.14 a barrel, down 3 cents following a 3.2% gain last week.
The presidents of Iran and Türkiye stressed following up and implementing agreements, as well as fulfilling commitments to strengthen the political, economic and cultural relations as much as possible, secure benefits, increase unity and integrity among the Islamic Ummah.
Dr Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said on Sunday that Pakistan has not found a solution to its energy crisis during the last few decades and cannot resolve the energy problem without importing gas from Iran.
Iran has increased its daily oil production by 50,000 barrels in the first two months of the current year.
QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.
Iraq is expected to witness a substantial increase in natural gas production by the year 2050, as estimates from the Gas Exporting Countries Forum (GECF) indicate.
India's top refiner Indian Oil Corp entered a pact with Panasonic Energy to form a joint venture to manufacture lithium-ion cells in India, the refiner said in a statement on Sunday, to prepare for rising local demand.
Head of Iran’s Space Agency Hassan Salariyeh announced the operation of the first phase of the Chabahar space launch base in the new year.
The U.S. Interior Department on Friday announced new oil and gas lease sales on public lands as well as an increase in royalty rates, a pair of moves likely to be unpopular among both environmental groups and the fossil fuel industry.
U.S. crude oil production dropped in January to 12.5 million barrels per day (bpd), a 6% decline from December's record high, following freezing weather, data from the Energy Information Administration showed on Friday.
India’s natural gas consumption, and consequently imports, had been on a growth trajectory till FY20, with the government’s push to increase the share of the fuel in the country’s primary energy mix to 15 per cent by 2030 from a little over 6 per cent.
Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.
Iranian Ambassador to Russia Kazem Jalali met and held talks with Elvira Sakhipzadovna Nabiullina current head of the Central Bank of Russia.