Proceeds from oil and gas sales for Russia's federal budget fell by about 24% to 8.822 trillion roubles ($99.4 billion) last year, finance ministry data showed on Thursday, following weaker oil prices and reduced gas sales to Europe.
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Brent crude futures gained $1.03, or 1.3%, to $77.83 a barrel by 0916 GMT and U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%, to $72.35, though gains were capped by a surprise build in U.S. crude stockpiles.
Iran’s Vice President for Science, Technology and Knowledge-Based Economy Rouhollah Dehqani Firouzabadi on Wednesday hailed the appropriate interaction between knowledge-based companies and the Oil Ministry.
Saudi Arabia's recent move to slash the price of its oil has attracted attention from India, with some refiners now interested in buying crude from the kingdom while oil purchases from Russia plummet.
Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show.
Oil and gas prices are set to trade at two-year lows through 2024, according to the Deloitte Canada new forecast, giving consumers a potential break on heating and fuel costs.
TotalEnergies has increased its holding in the Venus oil discovery offshore Namibia in a deal with Impact Oil and Gas that marks a significant step towards the prospect's development, the energy major said on Wednesday.
Norway's export of natural gas via pipelines to Europe hit an all-time high in December but still declined by 6.7% overall in 2023 following lengthy maintenance outages, pipeline system operator Gassco said on Wednesday.
Brent crude futures fell 23 cents, or 0.3%, to $77.36 a barrel at 0913 GMT, while U.S. West Texas Intermediate crude futures slipped 15 cents, or 0.2%, to $72.09.
Bukhara hosted a business forum for entrepreneurs of Bukhara region and Hamadan province. It was attended by Governor General of Hamadan province Alireza Ghasemi Farzad, as well as Ambassador of Iran to Uzbekistan Mohammad Ali Eskandari.
Canada gearing up for its first offshore wind turbines. According to the project’s website, it will be a 300-400 megawatts floating offshore wind project located 20 to 30 kilometres off Goldboro, Nova Scotia.
India’s Oil and Natural Gas Corp (ONGC) has successfully produced the first oil from the deepwater KG-DWN-98/2 Block, located off the coast of the Bay of Bengal.
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.
Brent crude futures rose $1.32, or 1.73%, to $77.44 a barrel at 1049 GMT, while U.S. West Texas Intermediate crude futures gained $1.25, or 1.77%, to $72.02 a barrel.
RoydadNaft – Iran’s petrochemical industry is a key non-oil revenue generator. Despite oil sanctions, Iranian petrochemical manufacturers have managed to find new markets and have…
Preregistration for the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, will start on January 20 and continue until January 24, the National Iranian Oil Company (NIOC) reported.
BT Britain's biggest telecoms group, said it would convert the first of its street cabinets traditionally used to house cabling to an electric vehicle (EV) charging unit in a pilot that could lead to a network of 60,000 new points.
India's fuel consumption rose to a seven-month high in December to about 20.054 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and trade sources said.
Brent crude slipped 0.93%, or 73 cents, to $78.03 a barrel by 0753 GMT after falling more than 1% earlier in the session, while U.S. West Texas Intermediate crude futures shed 1.04%, or 77 cents, to $73.04 a barrel.