India will buy U.S. liquefied natural gas if it is offered at reasonable rates, the head of the country's top gas importer Petronet LNG said on Thursday, as New Delhi looks to boost imports from Washington.
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Al Jazeera reported that while the world is counting on energy stability, Iran has the power to disrupt oil flows in the Persian Gulf.
The CEO of PetroFarhang Holding said the transfer of utility pricing arbitration to the National Petrochemical Company underscores the 14th Government and Ministry of Petroleum’s special attention to the petrochemical sector and the private industry. He added that stable and fair utility pricing fosters trust among private investors.
Brent crude oil futures rose 21 cents (0.30%) to $69.61 per barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 26 cents (0.40%) to $64.89 per barrel.
India is already the third-largest consumer market for the oil exported by Petrobras, behind China and Europe.
Iran’s natural gas exports to Turkey grew by about 16 percent in 2025, reaching more than 8.17 billion cubic meters, according to the latest data cited by Eurostat.
The household, commercial, and small industries sectors consumed 63% of the total gas delivered to the national grid on Tuesday.
Brent crude futures rose by 57 cents (0.83%) to $69.37 per barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 56 cents (0.88%) to $64.52.
India will continue to rely on a diversified mix of energy sources to ensure stable and affordable supplies for its consumers, Foreign Secretary Vikram Misri said, underscoring New Delhi’s focus on energy security and market-driven decisions.
The CEO of the National Petrochemical Company (NPC) said the Oil Ministry under the 14th administration has developed and is implementing medium-term plans to offset idle capacity and ensure a stable supply of feedstock for the petrochemical industry, with large-scale investment in flare gas recovery among the most important measures.
Iran’s petrochemical industry, operating 79 production complexes, has reached a nominal production capacity of more than 100 million metric tons per year, emerging as one of the main pillars of the country’s non-oil economy.
Brent crude futures fell 16 cents (0.23%) to $68.88 per barrel. U.S. West Texas Intermediate (WTI) futures dropped 20 cents (0.31%) to $64.16 per barrel.
India has agreed to halt Russian oil purchases under a sweeping trade deal with the United States, marking a potential historic break in Moscow–New Delhi energy ties.
Iran has collected about 9.0 million cubic meters (mcm) per day of associated and flared gas over the past 15 to 16 months, bringing total daily collection to around 16 mcm, Oil Minister Mohsen Paknejad said on Monday.
The CEO of Arya Sasol Polymer Company said transferring authority for utility pricing arbitration to the National Petrochemical Company (NPC) reflects recognition of the petrochemical industry’s role in the national economy and, if properly implemented, could strengthen a development-oriented approach at companies and align government and corporate interests.
Iran’s oil minister marked the 47th anniversary of the Islamic Revolution by stressing the need to preserve unity within the oil industry, strengthen domestic capabilities and make full use of human capital, saying the sector plays a central role in countering external pressure and boosting the country’s economic resilience.
Brent crude futures dropped 67 cents (about 1%) on Monday to settle at $67.38 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) futures fell 61 cents (1%) to $62.94 per barrel.
New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday.
Indian Oil Corp bought six million barrels of crude from West Africa and the Middle East, traders said, as the Asian country steered clear of Russian oil in New Delhi's push for a trade deal with Washington.
Reviving compressed natural gas capacity, one of the 14th administration’s top priorities, has entered the operational phase over the past year through a series of measures, including the launch of a free vehicle conversion program, construction of new CNG stations and increased factory production of dual-fuel vehicles. The initiative has gained urgency as gasoline consumption has outpaced production and much of the country’s CNG capacity has gone unused.