A fire broke out at a Baltic Sea terminal belonging to Novatek, Russia's largest liquefied natural gas producer, after a suspected Ukrainian drone attack, forcing the company to suspend some operations there.
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Iran’s hydroelectric power plants generated 1,430 megawatt hours (MWh) of electricity in the third quarter of the current Iranian calendar year (September 23-December 21, 2023), IRNA reported.
Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle at $73.41.
Russia leapfrogged Saudi Arabia to become China's top crude oil supplier in 2023, data showed on Saturday, as the world's biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants.
India’s Ministry of Commerce and Industry in its latest report said the value of trade between Tehran and New Delhi increased by 21 percent in November 2023 compared to the same month in 2022.
Iran’s oil revenues neared $34 billion in the first nine months (January-September) of 2023 despite brutal U.S. sanctions, accounting for 12 percent of OPEC member states’ total income.
The Canadian Petrochemical Summit, hosted by Alberta’s Industrial Heartland Association (AIHA), the premier gathering of industry leaders, innovators, and stakeholders, is set to convene on June 11-13, 2024 at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta.
Eni's sustainable mobility unit Enilive has signed joint venture agreement with LG Chem to develop a biorefinery in South Korea.
Qatar Energy may sign a long-term deal with Indian buyers for cheaper and more flexible LNG, as India aims to increase fuel usage.
Brent crude futures rose 26 cents, or 0.3%, to $79.36 a barrel by 0910 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 20 cents to $74.28.
Iranian Oil Minister Javad Owji and Turkmenistan’s President Serdar Berdimuhamedov and high-ranking officials held talks on the expansion of bilateral cooperation in Ashgabat on Thursday.
Brent crude futures gained 37 cents, or 0.5%, to $78.25 a barrel by 1005 GMT while U.S. West Texas Intermediate crude futures rose 55 cents, or 0.8%, to $73.11.
The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC's expectations.
Iran’s Oil Minister Javad Owji said on Wednesday five big petrochemical projects will become operational by the end of the current Iranian calendar year (March 19, 2024).
India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a government notification on Monday.
Canada's abnormally dry winter is worsening drought conditions across the western provinces, where most of the country's oil, gas, forest products and grain are produced.
Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT. The contract had lost 14 cents, U.S. West Texas Intermediate crude was up 46 cents, or 0.63%, from Friday at $73.14 per barrel.
Average daily gasoline consumption in Iran has reached about 115 million liters, the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) said.
The National Iranian South Oil Company (NISOC) on Monday expressed its readiness to participate in various projects of Iraq.
The OPEC+ group of oil producers is working to limit the challenges affecting the stability of the global oil market, Iraq's Oil Minister Hayan Abdel-Ghani.