Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.
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India's Adani Green Energy said on Monday its third-quarter profit more than doubled from a year earlier, helped by robust power sales to customers and higher capacity utilisation.
The managing director of South Pars Gas Company (SPGC) has said the refineries of the complex are currently supplying 570 million cubic meters per day (mcm/d) of sweet gas to the national network, Shana reported.
The Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei paid a visit to the Exhibition of Domestic Production Capabilities on Monday, ISNA reported.
Iran’s oil minister said contracts for implementing eight projects worth $14 billion in joint oil and gas fields will be signed during the Ten-Day Dawn (February 1-11) festivities marking the 45th anniversary of the victory of the Islamic Revolution.
Brent crude futures rose 29 cents, or 0.4%, to $83.84 a barrel by 0230 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude gained 34 cents, or 0.4%, to $78.35 a barrel after reaching an intraday high of $79.29 earlier in the session.
Iran’s oil and gas industry has witnessed a 16.3 percent productivity growth under the 13th administration during the 6th National Development Plan (ending March 19, 2024).
Mongolian Prime Minister L. Oyun-Erdene said construction of Russia's planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed, the Financial Times reported on Sunday.
The National Iranian Gas Company (NIGC) has supplied 28 million cubic meters per day (mcm/d) of gas on average to the country’s power plants on a daily basis in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), 14 percent more than the average for the previous year.
Iran’s Oil Minister Javad Owji said record 851 million cubic meters (mcm) of gas were injected into the national network on Saturday.
India is poised to experience a 6 percent growth in natural gas demand in 2024, as projected by the International Energy Agency (IEA).
Canada’s energy industry is reacting with dismay to United States President Joe Biden’s move to pause approvals of new liquefied natural gas export terminals in that country.
Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Saturday that there was a slight surplus on the global oil market.
Brent crude futures rose $1.12, or 1.4%, to settle at $83.55 a barrel, their highest close since Nov 30. U.S. West Texas Intermediate crude (WTI) climbed 65 cents or 0.8% to $78.01, also the highest close since November.
The value of trade between Iran and the European Union member states reached €4.214 billion in the first 11 months of 2023, according to the data released by the European Union's statistics office Eurostat.
The National Iranian Oil Company managing director said on Friday NIOC plans to invest more than $70 billion in the coming years to increase the country’s gas production capacity to 1.5 billion cubic meters per day (bcm/d).
Before the end of this decade, the world's third-largest crude oil importer, India, is set to become the single biggest driver of global oil demand, replacing China, analysts and forecasters say.
Parkland Corp has temporarily shut down processing operations at its 55,000-barrel-per-day Burnaby refinery in British Columbia, Canada, after encountering an issue with a processing unit, the company said on Wednesday.
Fresh from clinching a 50-billion-euro ($54.43 billion) pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.
Brent crude futures were up 98 cents, or 1.2%, to $81.02 a barrel at 1150 GMT, while U.S. West Texas Intermediate crude was up $1, or 1.3%, to $76.09 a barrel.