The world price of crude oil today, October 14, 2024
Brent crude futures were down $1.35, or 1.7%, at $77.69 per barrel by 0902 GMT, while U.S. West Texas Intermediate crude futures fell $1.32, or 1.75%, to $74.24 per barrel.
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Oil and Natural Gas Corporation (ONGC) is exploring plans to set up mini-LNG plants in India to utilise natural gas from wells in areas lacking pipeline connectivity, reported the New Indian Express.
Generating electricity from renewable sources prevented the emission of 12.8 million tons of Green House Gases (GHG) in Iran during the first half of the current Iranian calendar year, according to the Iranian Energy Ministry.
Iran's Ministry of Petroleum ranks first in responsiveness and free access to information among Iranian executive bodies.
Indian shipping firm Gabbaro Ship Services has been sanctioned by the US for allegedly transporting Iranian oil for sale in Asia, following restrictions on Iran's energy trade following its attack on Israel.
The Supervision Office of Iran's Securities and Exchange Organization (SEO) reported a 10% increase in petroleum product production in Shahrivar compared to the previous month.
CEO of National Iranian Gas Company emphasizes the importance of connecting Iranian and Russian gas networks for energy supply, highlighting Iran's unique position in the North-South energy corridor.
Iranian President Masoud Pezeshkian separately met with the Presidents of Turkmenistan and Russia, announcing new agreements to enhance gas cooperation.
Chennai Petroleum Corporation Limited is negotiating with banks for a $3.33 billion loan to build a refinery in southern India.
The natural gas meets 83 percent of power plants' needs to fuel, Tavakkoli underlined, stressing the need for a cross-sector perspective on energy, specially when the country is close to the cold season.
The United States hit Iran's oil and petrochemicals sectors with new sanctions Friday in response to Tehran's October 1 attack against Israel, designating dozens of new companies and firms.
Iran's export value to Turkmenistan increased 14.6% in the first half of the current Iranian calendar year, according to Iran's House of Industry, Mining and Trade spokesperson Ruhollah Latifi.
Global crude oil prices today, October 11, 2024
Brent crude oil futures fell 94 cents, or 1.2%, to $78.46 a barrel by 0650 GMT. U.S. West Texas Intermediate crude futures slipped 86 cents, or 1.1%, to $74.99 per barrel.
Saudi Arabia is actively seeking investment opportunities in a upcoming refinery developed by Bharat Petroleum Corporation Limited as part of its broader investment strategy in India.
Iranian researchers at a knowledge-based company succeeded in producing a variety of hydrostatic tools used to test pressure vessels and pipes used in oil and gas industries and power plants up to 500 bar pressure.
Persian Gulf states are urging Washington to prevent Israel from attacking Iran's oil sites, fearing their own facilities could be targeted by Tehran's proxies if the conflict escalates.
Brent crude futures rose 58 cents, or 0.8%, to $77.16 a barrel by 0847 GMT. U.S. West Texas Intermediate (WTI) futures were up 61 cents, or 0.8%, at $73.85.
British energy giant bp is holding a board meeting in India as it seeks to explore new opportunities in the country's oil and gas sector, reported Reuters.
Iranian Energy Minister Abbas Aliabadi said the capacity of the country’s renewable power plants is going to be increased by the end of the current Iranian calendar year (late March 2025), IRIB reported.
The acting head of the National Petrochemical Company (NPC) has said that, based on the previously made plans, the petrochemical industry will grow 8 percent annually over the 7th national development plan.