The National Iranian Gas Company (NIGC) has supplied 28 million cubic meters per day (mcm/d) of gas on average to the country’s power plants on a daily basis in the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), 14 percent more than the average for the previous year.
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Iran’s Oil Minister Javad Owji said record 851 million cubic meters (mcm) of gas were injected into the national network on Saturday.
India is poised to experience a 6 percent growth in natural gas demand in 2024, as projected by the International Energy Agency (IEA).
Canada’s energy industry is reacting with dismay to United States President Joe Biden’s move to pause approvals of new liquefied natural gas export terminals in that country.
Alexander Dyukov, the head of Russian oil major Gazprom Neft, said on Saturday that there was a slight surplus on the global oil market.
Brent crude futures rose $1.12, or 1.4%, to settle at $83.55 a barrel, their highest close since Nov 30. U.S. West Texas Intermediate crude (WTI) climbed 65 cents or 0.8% to $78.01, also the highest close since November.
The value of trade between Iran and the European Union member states reached €4.214 billion in the first 11 months of 2023, according to the data released by the European Union's statistics office Eurostat.
The National Iranian Oil Company managing director said on Friday NIOC plans to invest more than $70 billion in the coming years to increase the country’s gas production capacity to 1.5 billion cubic meters per day (bcm/d).
Before the end of this decade, the world's third-largest crude oil importer, India, is set to become the single biggest driver of global oil demand, replacing China, analysts and forecasters say.
Parkland Corp has temporarily shut down processing operations at its 55,000-barrel-per-day Burnaby refinery in British Columbia, Canada, after encountering an issue with a processing unit, the company said on Wednesday.
Fresh from clinching a 50-billion-euro ($54.43 billion) pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.
Brent crude futures were up 98 cents, or 1.2%, to $81.02 a barrel at 1150 GMT, while U.S. West Texas Intermediate crude was up $1, or 1.3%, to $76.09 a barrel.
Iran’s President Seyyed Ebrahim Raeisi said on Wednesday the obstacles to energy exchanges between his country and Türkiye will be overcome with careful planning.
Iran and Türkiye signed a document to cooperate in the energy sector in Ankara on Wednesday.
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.
