India's natural gas consumption reached 6019 MSMCM in October 2024, with fertilizer sector accounting for 29%, followed by city gas distribution at 21% and power generation at 11%.
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The CEO of the Petroleum Engineering and Development Company (PEDEC) announced a target to increase daily oil processing capacity to 820,000 barrels in West Karoun Oil Fields.
Iran's oil minister, Mohsen Paknejad, will chair the 26th Ministerial Meeting of the Gas Exporting Countries Forum in Tehran, where the world's largest gas exporters will gather.
World oil price today, December 3, 2024
Brent crude futures rose 76 cents, or 1.06%, to $72.59 a barrel by 1131 GMT, while U.S. West Texas Intermediate crude climbed 75 cents, or 1.1%, to $68.85.
India plans to increase its refinery capacity from 256.8 MMTPA to 310 MMTPA by 2028, with ethanol blending in petrol set to reach 20% by next year.
Japan has vowed to carry out efforts to help Iran advance its case in the Financial Action Task Force (FATF), according to an Iranian deputy finance minister.
Iran's economy experienced a 4% growth in the first half of 2024, with a 2.6% growth excluding the oil sector, according to the Iranian Statistical Center.
The CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, outlined the petrochemical industry's performance during the first 100 days of the 14th government's activities.
Global crude oil prices today, December 2, 2024
Brent crude futures climbed 84 cents, or 1.17%, to $72.68 a barrel by 1203 GMT while U.S. West Texas Intermediate crude was at $68.79 a barrel, up 79 cents, or 1.16%.
India’s Oil and Natural Gas Corporation (ONGC) is talking to domestic shipyards regarding the construction of two offshore jackup drilling rigs worth about $500-550m.
Iranian President Masoud Pezeshkian congratulated Parliament members on Majlis Day, promising to overcome challenges through empathy, companionship, and exchange of views.
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday.
Iran prioritizes expanding cooperation with regional powers and international organizations such as the Shanghai Cooperation Organization (SCO) and BRICS, according to Kazem Jalali, Iran’s Ambassador to Russia.
The acting head of technical inspection at Arvandan Oil and Gas Company has announced a significant increase in production capacity at the South Azadegan oil field.
The CEO of the National Iranian Oil Company (NIOC) boasted of the 14th administration's oil industry achievements over the first 100 days in office, especially setting a new record concerning daily natural gas production.
Ebrahim Piramoun, the Managing Director of NISOC, has announced the completion of three major gas recovery projects by late March 2025.
Iranian Minister of Petroleum Mohsen Paknejad says imposing restrictions on gas delivery to the household sector is a red line.
The world price of crude oil today, November 29, 2024
Brent crude was down 45 cents, or 0.6 percent, at $72.83 a barrel. West Texas Intermediate crude oil futures reached $68.68.
India is expected to be at the forefront in terms of the trunk/ transmission oil and gas pipeline network additions in Asia, accounting for more than 40% of the region’s total pipeline length additions by 2028, says GlobalData.
The capacity of Iran's renewable power plants has reached 1,317 megawatts (MW), based on the latest data released by Iran's Renewable Energy and Energy Efficiency Organization (SATBA).