Brent crude futures were up 45 cents, or 0.6%, to $76.93 a barrel at 0823 GMT. U.S. West Texas Intermediate crude was up 47 cents, also 0.6%, to $73.67.
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New peer-reviewed research published this week provides new and much-needed clarity about the methane footprint created by Canada’s oil and gas industry and the country’s progress toward addressing it.
The Indian government plans to involve leading national companies, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd, in exploring the continental shelves of the Bay of Bengal and the Arabian Sea.
The value of non-oil trade between Iran and the United Arab Emirates stood at $8.064 billion during the first four months of the current Iranian calendar year, the head of the Islamic Republic of Iran Customs Administration announced.
The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential is wider than when commercial operations on the project started.
The global price of crude oil today, August 6, 2024
Brent crude futures were up 12 cents, or 0.16%, to $76.42 a barrel at 1001 GMT, while U.S. West Texas Intermediate crude futures were up 22 cents, or 0.3%, to $73.16. Both contracts gained over $1 a barrel earlier in the session.
India's Oil and Natural Gas Corp (ONGC) beat first-quarter profit estimates on Monday, bolstered by strong domestic fuel demand and higher price realisation.
The manager of drilling operations at the giant shared South Pars gas field Hamidreza Shafiei Makvand has said that to realize the goal of boosting 36 million cubic meters of gas production per day over the next three years, the drilling of 35 wells is planned.
University professor Mohammad Fakhroleslam believes that introducing Artificial Intelligence (AI) to the petrochemical industry will significantly increase production speed and accuracy, however to do so the industry requires expert workforce.
The head of the presiding board of the Oil Industry Pension Fund (OIPF) Abdolhossain Bayat has said that the fund is in charge of implementing 19 projects, worth 10 billion dollars.
The global price of crude oil today, August 5, 2024
Brent crude futures inched down 4 cents, or 0.1%, to $76.77 a barrel on Monday, while U.S. West Texas Intermediate crude futures were at $73.39 a barrel, down 13 cents, or 0.2%.
Iraq's oil exports to the US increased by 28,000 barrels per day to 178,000 barrels last week, according to the US Energy Information Administration.
India plans to extend offshore oil and gas exploration to the extended continental shelf, involving ONGC and Oil India Ltd for seismic survey beyond the EEZ.
Iran’s Ambassador to Russia Kazem Jalali has described the Iran-Russia gas transfer as a win-win deal.
Head of Iran’s National Petrochemical Company (NPC) has said the country’s petrochemical output is estimated to reach 80 million tons in the current Iranian calendar year, Shana reported.
The 15th International Forum on Iran’s Petrochemical Industry (IPF) kicked off in Tehran on Sunday.
Iranian President Masoud Pezeshkian appointed Ali Tayebnia, the minister of economy and finance in President Rouhani's administration, as his senior advisor.
China plans to alter its control of greenhouse gases, particularly CO2, to aid its national emissions trading scheme, though the target emissions levels remain unclear.
Indian refiners imported a total of 2.08 million barrels per day (bpd) of Russian crude oil in July, the highest since June of last year.
Iran’s oil production in July reached 3.22 million barrels per day (bpd), the highest level since the U.S. withdrew from the nuclear pact with Iran and re-imposed sanctions on the country in 2018, Reuters reported.