The world price of crude oil today, July 24, 2024
Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel by 0343 GMT. U.S. West Texas Intermediate crude for September increased 38 cents, or 0.5%, to $77.34 per barrel.
INTERNATIONAL Feed Atom
Indian Oil Corporation (IOC) aims to generate $1 trillion in revenue by 2047, demonstrating its commitment to expanding its global presence and strengthening its position in the energy sector.
Tuesday 23th July 2024
Brent crude futures for September rose 2 cents to $82.42 a barrel by 0320 GMT. U.S. West Texas Intermediate crude for September dipped 2 cents to $78.38 per barrel.
Indian Oil Corp aims to triple natural gas sales, increase renewable energy capacity to 31 GW by 2030, and build 5 GWh of lithium-ion battery-making capacity by 2031.
India ONGC Videsh has signed a $60 million deal with Norwegian energy giant Equinor to raise its stake in the offshore Azeri Chirag Gunashil (ACG) oil field in the Caspian sea and linked pipeline, the Indian company said on Friday.
IOC is expanding its Digboi refinery in Assam, India, to a 350,000-tonne/year capacity, marking the first and oldest refinery in Asia Pacific.
India reduced crude oil imports by 5.1% in June 2024, responding to global oil market fluctuations, and increased domestic crude oil processing by 3.1%, according to PPAC data.
Chinese refiner Rongsheng Petrochemical has bought 4.4 million barrels of Oman and Canadian crude oil exported from the recently expanded Trans-Mountain pipeline for delivery in October via a tender, trade sources said on Wednesday.
India's domestic natural gas consumption increased 7.1% in June, driven by an 11.3% increase in imports and a 2.9% expansion in domestic gas production.
India is a great power that determines its national interests and chooses its partners, Russian Foreign Minister Sergey Lavrov has said, describing as completely unjustified the enormous pressure on New Delhi due to its energy cooperation with Moscow.
The latest issue of the OPEC Bulletin concerns the importance of the oil industry heritage and the necessity of contribution to its preservation.
Brent crude oil futures was down by 4 cents to $83.69 a barrel by 0315 GMT. U.S. West Texas Intermediate crude futures also eased 4 cents to $80.72.
According to news reports, Indian Oil Corp (IOC) only got two bids to construct the nation’s first green hydrogen facility at its Panipat refinery in Haryana. This is in reaction to the project’s second tender, the first of which was discarded due to claims of preferential treatment.
India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday.
China, Japan and South Korea are set to receive cargoes of oil imports from Canada's newly expanded Trans Mountain pipeline in September, becoming the first Asian countries to benefit from the facility since it became operational in May.
The Egyptian Ministry of Petroleum and Mineral Resources has announced plans to significantly increase petrochemical production capacity and attract investments in exploration in the amount of US$2.1 billion. This is reported by Daily News Egypt.
Bangladesh Prime Minister Sheikh Hasina said her government would prefer neighboring India execute a $1 billion river development project, a move that would soothe New Delhi’s security concerns.
Kuwait Oil Co. said it’s discovered “huge commercial amounts” of light oil and associated gas in an offshore field, marking a “turning point” in its efforts to explore offshore hydrocarbons.
Indian Oil Corporation Limited (IOCL) has launched a new fuel meant for racing cars and bikes taking part in motorsports, including Formula One.
India is set to launch its tenth bidding round for oil and gas blocks in August or September, covering 25 blocks across 13 sedimentary basins, essential for exploration and production.