Iran will host the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) this year.
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The Extraordinary Ministerial Meeting of the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government commenced with Iran’s Oil Minister Javad Owji in attendance in Algiers, the capital of Algeria, on Frid
The Indian government hiked its windfall tax on petroleum crude to 4,600 rupees ($55.51) a metric ton from 3,300 rupees with effect from March 1, according to a government order released on Thursday.
Canada will expedite the approval process for new nuclear projects, but will not exclude them from the federal environmental review as requested by the province of Ontario, Energy and Natural Resources Minister Jonathan Wilkinson said.
Brent futures for May were up $1.01, or 1.23%, at $82.92 a barrel by 0950 GMT. The April Brent futures contract expired on Feb. 29 at $83.62 a barrel.U.S. West Texas Intermediate (WTI) for April rose 97 cents, or 1.24%, to $79.23 a barrel.
An official at the Trade Promotion Organization of Iran (TPOI) said the organization has taken effective measures to get the lion’s share in the Syrian market.
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter said.
French company TotalEnergies announced on Thursday a deal to supply Singapore's Sembcorp Industries with up to 0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for 16 years, from 2027 onwards.
Brent crude futures for April fell 43 cents, or 0.5%, to $83.25 a barrel by 0830 GMT. U.S. West Texas Intermediate crude futures were down 26 cents, or 0.3%, to $78.28 a barrel.
According to the Head of the NIGC Dispatching Department Gholamreza Kooshki, considering the current trend, the country’s gas consumption is expected to increase even further to 680 mcm, Shana reported.
Tehran and Moscow signed 19 cooperation documents during the closing ceremony of the 17th Joint Economic Commission between the Islamic Republic of Iran and the Russian Federation in Tehran on Wednesday.
Iranian Oil Minister Javad Owji on Wednesday said the contracts signed with Russian companies to develop eight oil fields have helped his country add more than 200,000 barrels to its daily production.
Iran’s minister of economic affairs and finance said the oil industry attracted the highest foreign investment in the 11 months of the current Iranian calendar year (starting March 21, 2023).
Brent crude futures fell 49 cents, or 0.6%, to $83.16 a barrel by 0302 GMT, while U.S. West Texas Intermediate futures (WTI) dropped 48 cents to $78.39 a barrel.
Iran’s Oil Minister Javad Owji on Tuesday asked people to conserve gas as the cold spell continued to grip the northern parts of the country.
Iran’s oil sector has witnessed a twofold increase in its annual economic growth in autumn 2023, said the government’s economic spokesman on Tuesday.
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas and Housing and Urban Affairs, virtually launched ‘STORM’, a customised fuel specially curated by Indian Oil for FIM Asia Road Racing Championship 2024 season.
Canada's largest pension funds, which hold trillions of dollars in assets combined, are trailing behind many of their international counterparts when it comes to shifting away from investments in fossil fuels, a new report has found.
Brent crude futures rose 36 cents, or 0.44%, to $82.89 a barrel by 0745 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 31 cents, or 0.40%, to $77.89 a barrel.
Qatar's planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts say.