The IRICA report put the non-oil trade between the two countries at 264,416 tons worth $119.357 million, with one percent fall in weight, year on year.
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The managing director of the National Iranian Gas Company (NIGC) has said that Iran has made good agreements with Turkmenistan and Russia, IRNA reported.
RBC CEO Dave McKay emphasizes Canada's crucial role in the US's energy security, particularly in supplying oil and gas to Asia, despite the US's focus on "Buy American."
India aims to be agile in source shifting in the energy transition era, balancing its growing economy and population with decarbonization efforts.
Malaysia's Ambassador to Iran Khairi Bin Omar has said Iranian products are unfamiliar to Malaysian consumers and called for the introduction of Iran-made goods in the Malaysian markets, IRNA reported.
Brent futures , which were down 35 cents, or 0.47%, at $74.53 a barrel at 0804 GMT while U.S. WTI crude futures were down 25 cents, or 0.35%, at $71.70. Still, both were up more than 4% on the week.
India is exploring the possibility of increasing oil imports from Brazil, as revealed in a meeting between India's oil minister and the head of Petrobras, Brazil's state-run oil company.
Rystad Energy's research suggests that converting upstream oil and gas production facilities to renewable electricity could reduce emissions by over 80%, with fully electrified assets emitting an 86% decrease in carbon dioxide per barrel of oil equivalent.
Global Crude Oil Price Today September 19, 2024
Brent crude futures for November were up 81 cents, or 1.1%, to $74.46 a barrel at 0750 GMT, while WTI crude futures for October were also up 1.1%, rising 75 cents to $71.66 a barrel.
Russian firms increased insurance cover for India's oil imports to 60% of all cargoes in July, significantly higher than 40% in December 2023 as the two nations continue cementing their energy ties, Reuters reported on Wednesday.
India is willing to purchase cheap oil from Russian companies, as confirmed by Oil Minister Hardeep Singh Puri, and is open to purchasing from any source at competitive prices.
Iranian president Masoud Pezeshkian says that deepening relations between Tehran and Moscow will blunt the biting effect of cruel sanctions against Iran and Russia.
Global crude oil prices today, September 18, 2024
Brent crude futures for November were down 54 cents, or 0.7%, at $73.16 a barrel at 0810 GMT. U.S. crude futures for October slid 46 cents, or 0.7%, to $70.73.
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri and US Assistant Secretary of State for Energy Resources Geoffery Pyatt discussed strengthening bilateral energy cooperation for a "just and orderly energy transition."
Iranian Energy Minister Abbas Aliabadi has urged the country’s power plants to speed up overhaul operations and fuel storage to be prepared for the next peak consumption period, IRNA reported.
Iranian President Masoud Pezeshkian pledges to restore trust in society amid ongoing imbalances in electricity, natural gas, and gasoline, addressing the pressing issue of societal instability.
Financial institutions have pledged a total of $386 billion in investment commitments to help India boost its renewable energy industry, Renewables Energy Minister Pralhad Joshi said on Monday.
Iran’s Economic Council, in coordination with the Planning and Budget Organization (BPO), has notified the Oil Ministry to start implementing a plan to boost oil production in 34 oil fields.
Iranian Minister of Petroleum Mohsen Paknejad has appointed Majid Boujarzadeh as the director of the Public Relations Department of the Petroleum Ministry.
Global Crude Oil Price Today September 16, 2024
Brent crude futures for November were up 38 cents, or 0.5%, at $71.99 a barrel at 0700 GMT. U.S. crude futures for October were up 49 cents, or 0.7%, at $69.14 a barrel.