Iran and Türkiye signed a document to cooperate in the energy sector in Ankara on Wednesday.
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Iran seeks to increase its annual trade with Türkiye to $30 billion, said President Seyyed Ebrahim Raeisi on Wednesday.
Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia.
India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.
Japan's liquefied natural gas (LNG) imports fell by 8% to 66.2 million metric tons last year to the lowest since 2009, preliminary data from the Ministry of Finance showed, following nuclear power restarts and increased use of renewable energy.
The front-month March contract for Brent crude rose 4 cents to $79.59 a barrel at 0712 GMT. U.S. West Texas Intermediate crude also ticked up 4 cents to $74.41 a barrel.
The European support for the Israeli genocide in Gaza, and the subsequent UK-US attacks against Yemen, have significantly impacted the European imports of refined petroleum products in the first half of January, a report said.
Iran’s Oil Minister Javad Owji is in Türkiye to hold talks on the expansion of energy ties between the two countries.
India’s Petroleum and Natural Gas Regulatory Board (PNGRB) has started the bidding process for the 325-km Jammu-Srinagar natural gas pipeline.
Trillion Energy, Canada's oil and gas company, is using artificial lift solutions at a Black Sea natural gas field to monetize reserves for sale.
Norway's natural gas output rose in December to an all-time high, beating an official forecast, while crude oil production was also above expectations, data from the Norwegian Offshore Directorate (NOD) showed on Tuesday.
Brent crude futures lost 31 cents, or 0.39%, to $79.75 a barrel by 1019 GMT, while U.S. West Texas Intermediate crude futures (WTI) shed 33 cents, or 0.44%, to $74.43 a barrel.
The value of Iran’s exports to China increased by 30 percent in December 2023 as compared to the same month in 2022, according to China’s Customs data.
UAE's Abu Dhabi National Oil Company has sold more straight-run fuel oil (SRFO) from its Ruwais refinery complex this month via private sales, according to trade sources and ship-tracking data.
Diplomats from Iran and ASEAN countries have held talks on promotion of bilateral cooperation.
More than 98 percent of flare gases of the Yadavaran oil field have been collected and sent to NGL 3200 plant, said the development plan director on Monday.
TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.
The Australian government said on Monday it had reached new gas supply deals for its east coast energy market, easing some concerns over long-term supply gaps as the country moves rapidly away from its dependence on coal-fired power stations.
Brent crude fell 23 cents, or 0.3%, to $78.33 a barrel by 0732 GMT after settling down 54 cents on Friday.
Head of National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari said the country’s oil refineries produce 300 million cubic feet (mcf) of hydrogen every day which is consumed inside the country, Shana reported.