Average daily gasoline consumption in Iran has reached about 110 million liters in the current Iranian calendar year, according to the managing director of the National Iranian Oil Products Distribution Company.
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The federal government is poised to announce new regulations and funding around methane – a greenhouse gas that’s 85 times more potent than carbon dioxide – heading into COP28 on Thursday.
United States projected to extract 12.9m barrels of crude oil as countries at Cop28 to push for agreed fossil fuels ‘phaseout’.
The world’s governments are facing increased pressure to reach agreement on phasing out the production and consumption of fossil fuels. And countries like Canada, whose plan for fossil fuel production runs counter to its stated climate goals, will increasingly be under fire on the international stage.
RoydadNaft – Canada is among a group of top fossil fuel-producing countries that are on pace to extract more oil and gas than would be…
RoydadNaft – India’s fuel consumption rose to a four-month high in October, government data showed on Monday, as increased industrial activity boosted sales during the…
RoydadNaft – As countries around the world face the challenges of moving away from oil to stave off the worst effects of climate change,…
A $27-billion deal between Iraq and France’s TotalEnergies signed in July will produce nearly 600 million cubic feet per day (mcf/d) of gas that will be enough to feed power facilities with a capacity of 5,000 megawatts (MW), Iraq’s Oil Minister has said.
The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.
Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to India in September, replacing some crude oil volumes, traders said and LSEG data showed.
Indian Oil said that at present the company can fully meet the domestic demand and also aims to export the fuel in future by ramping up the existing capacity. Reference fuels are required by automobile manufacturers for developing engines and assessing vehicles’ performance to ensure operability in all the global climatic conditions.
Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.
RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…
U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended.
The Indian Point nuclear power plant in Buchanan, New York, has transferred all spent nuclear fuel to dry cask storage in a move towards decommissioning the plant, the New York State Department of Public Service and Indian Point Closure Task Force said on Monday.
RoydadNaft – India wants to push developed nations to become carbon negative rather than carbon neutral by 2050, arguing that would allow emerging market economies…
India's Hindustan Petroleum Corp will cut its diesel purchases from other refiners as it has commissioned a 3 million tonnes per annum (mtpa) hydrocracker at its recently upgraded Vizag refinery, its head of refineries S Bharathan said on Monday.
Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilise prices and address shortages on the domestic market, Interfax cited Deputy Prime Minister Alexander Novak as saying.
India's Bharat Petroleum Corp has offered its first spot gasoil cargo, via a sales tender, in more than a year, three industry sources familiar with the matter said on Monday.
Russian wholesale gasoline Ai-92 grade prices declined 1.94% on Monday on the commodity exchange to 56,945 roubles ($576.45) per tonne, according to exchange data, amid government efforts to stabilise the domestic fuel market and fuel export ban.