Oil shipments from Russia's western ports have fallen to about 2.3 million barrels per day in the first half of August, 15% below the initial loading plan, because of disruptions at the Black Sea port of Novorossiysk.
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The issuance of the first certificate for saving 5 million cubic meters of natural gas marks a major operational step toward commercializing energy savings and developing a gas-efficiency market under contracts with energy service companies.
A tripartite meeting of representatives from Iran, the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), and the Financial Information Center of the Republic of Uzbekistan was held virtually, focusing on the development of international cooperation in combating money laundering and financing of terrorism.
Brent crude futures rose 77 cents, or 0.85%, to $91.79 a barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 85 cents, or 1%, to $85.79 a barrel.
Canada's biggest oil producers are targeting late 2027 for a final investment decision on their proposed 6-million-tonne carbon capture and storage project, a key piece of the country's plan to grow oil production and keep emissions in check, the president of the Oil Sands Alliance industry group told Reuters.
The head of Well Repair, Completion and Technical Services at the National Iranian South Oilfields Company announced a significant increase in the activity of workover rigs and coiled tubing units during the first four months of this year, stating that these operations have played an effective role in sustaining and boosting oil production by reviving wells, resolving technical problems and restoring production capacity.
Iran’s Deputy Minister of Energy for Electricity and Energy Affairs announced that electricity supplied to the country’s petrochemical plants has increased sixfold compared with last year to keep production running.
The acting manager of South Pars First Refinery announced the successful completion of the refinery's major overhaul within one week and said: The refinery is now ready for sustainable production during the cold season.
Brent crude futures rose 20 cents, or 0.22%, to $91.07 a barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.58%, to $84.99 a barrel.
India's Torrent Gas aims to file updated draft papers for an initial public offering of up to 40 billion rupees ($418.09 million) as early as this week, two sources aware of the matter told Reuters.
A series of new Canadian crude oil export pipeline projects could help the world's fourth-largest oil producer meet global demand and come closer to achieving Prime Minister Mark Carney's "energy superpower" ambition.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that Strait of Hormuz will not be reopened before oil sanctions are lifted, frozen assets are released, US blockade ends.
A member of Parliament’s Energy Committee said improving consumption patterns, modernizing the gas distribution network and securing public cooperation can help the country get through the cold season without disruptions and ensure reliable services for consumers.
Brent crude futures rose 43 cents, or 0.5%, to $88.95 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.3%, to $82.65 a barrel.
Saudi Arabia’s listed petrochemical sector has started 2026 with a much smaller loss bill, but the recovery remains uneven and heavily dependent on cost discipline, plant reliability and global demand.
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration.
Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, two sources with knowledge of the matter said on Monday, in a strategy similar to that adopted by United Arab Emirates' Abu Dhabi National Oil Co (ADNOC).
The U.S. Treasury Secretary’s recent remarks and his attempt to portray Iran’s economy as being in “unprecedented isolation” are less a sign of strength than an indication of policy frustration after failing to achieve the intended objectives against the Iranian people. When successive instruments of economic pressure have been tested without producing the expected results, repeating economic threats in increasingly sweeping terms does not alter the realities on the ground.
Iran has added 2,028 megawatts of new power plant capacity to its national grid, achieving 75 percent of the 2,709-megawatt target for the current Iranian calendar year (began on March 21), according to the Thermal Power Generation Company.
India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private refineries to ensure domestic supplies and build buffers after U.S.-Israeli war against Iran disrupted supplies of the essential fuel, according to an August 13 government order.