The Masoud Pezeshkian administration's plan to increase gas prices divides Iranians, with some arguing it's necessary due to high consumption and smuggling.
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The global price of crude oil today, September 11, 2024
Brent crude futures were up $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, while U.S. crude futures gained $1.11, or 1.7%, to $66.86.
Indian Oil Corporation (IOCL) has signed a 15-year agreement with Abu Dhabi National Oil Company to supply 1 million tonnes of liquefied natural gas annually, marking the first visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.
A senior commander of the Islamic Revolution Guards Corps (IRGC) says that Iran will never forfeit its rights to a disputed gas field located in waters between the country and Kuwait.
Iranian Oil Minister Mohsen Paknejad has said the country can be a suitable gateway and crossroad for energy trade and transit in the region, given its geopolitical position.
In a letter, the Secretary General of OPEC congratulated Mohsen Paknejad for his appointment as the Minister of Petroleum of the Islamic Republic of Iran, wishing his rich experience to enrich OPEC's discussions in its efforts to sustain stability in the oil markets.
The last price of crude oil on September 10, 2024
Oil prices gave up the previous day's gains on Tuesday as weak Chinese demand offset U.S. supply disruptions from Tropical Storm Francine and global oil oversupply risks that continue to weigh on the market.
Given its geopolitical position, Iran can be a suitable gateway and crossroad for energy trade and transit in the region.
Iranian Minister of Petroleum Mohsen Paknejad says that what keeps the oil industry stable is not oil and gas reserves, but its expert human resources.
Global crude oil prices today, September 9, 2024
Brent crude rose 67 cents, or 0.94%, to $71.73 a barrel by 0901 GMT while West Texas Intermediate crude futures were up 68 cents, or 1%, at $68.35.
India plans to have a third of its heavy duty long-haul trucking fleet fuelled by liquefied natural gas (LNG) instead of diesel in five to seven years to cut pollution, according to a draft policy from the federal oil ministry.
State-owned enterprise Oil India Limited (OIL), a Maharatna CPSE, has declared its support for sustainable energy practices by signing up for the Oil and Gas Decarbonisation Charter (OGDC).
Tehran Chamber of Commerce and Turkish Exporters Union discussed improving trade relations between private sectors during a meeting between TCCIMA and TiM directors.
petrochemical industry has left behind 116 years of dependence on catalysts and is nearing the culmination of its progress.
The 18th edition of the Iran Plast International Exhibition kicked off today at the permanent location of Tehran International Exhibitions.
Pakistan has found large deposits of natural gas and oil in its territorial waters after a three year survey, reported Times of India.
The head of the National Iranian Oil Company (NIOC) has emphasized the need to expedite the development of the South Azadegan oil field to boost output by late March 2025.
Will the establishment of Iran's gas export pipeline to Oman be implemented in late 2024 or early 2025? as stated by Omani Energy Minister Salim Al Aufi.
Iran ranked as the world’s third-largest holder of proven oil reserves after Venezuela and Saudi Arabia.
India's fuel consumption in August fell by more than 2% year-on-year to 18.35 million metric tons, oil ministry data showed on Friday, with diesel demand hit due to above-normal monsoon rains.