Global crude oil prices today, September 18, 2024
Brent futures rose 57 cents, or 0.78%, to $73.56 a barrel at 0923 GMT, while U.S. West Texas Intermediate crude climbed 63 cents, or 0.90%, to $70.71 a barrel.
LASTEST NEWS Feed Atom
India's second-largest fuel retailer, Bharat Petroleum Corporation Limited (BPCL), plans to raise its refining capacity by 10 million tons per year by 2028, as the biggest Indian refiners consider a massive expansion to processing capacity to meet growing demand.
Iran’s Vice President for Science and Technology has announced plans to introduce innovative artificial intelligence tools into the petrochemical industry to drive its development, Mehr News Agency reported.
The head of National Iranian Oil Company (NIOC) has dismissed reports circulating on social media claiming a decline in the country's crude oil exports as "false and baseless."
The CEO of the National Iranian Oil Products Distribution Company announced a record distribution of 172 million liters of diesel on Monday, adding that about 80 million liters of liquid fuel were supplied to power stations across the country.
The CEO of PGPIC emphasized the importance of R&D investment in driving global company growth and promoting forward-thinking strategies for wealth creation in the petrochemical industry.
Global crude oil prices today, December 17, 2024
U.S. West Texas Intermediate crude was down 11 cents at $70.60 a barrel, while Brent crude futures eased 2 cents to $73.89 a barrel.
Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand for Canadian crude in U.S. and international markets.
Qatar has agreed a deal to supply India's top natural gas distributor GAIL with liquefied natural gas for five years, three sources familiar with the matter said on Monday.
Iran has set a new record for natural gas production at the South Pars field, reaching 712 million cubic meters per day, according to the head of Pars Oil and Gas Company.
President Masoud Pezeshkian highlighted the excessive energy consumption in Iran, stating, "We use more than two to three times the electricity and gas consumed by European countries.”
The Iranian oil minister announced the achievement of new records in fuel supply despite severe cold weather and an energy imbalance.
The first vice president of Iran announced that developing shared oilfields is a key strategy of the 14th Iranian administration.
World crude oil price today December 16, 2024
Brent crude futures fell 29 cents, or 0.4%, to $74.20 a barrel. U.S. West Texas Intermediate crude dropped 36 cents, or 0.5%, to $70.93 a barrel.
Offshore Norge industry association predicts oil and gas companies in Norway to invest a record 275 billion crowns ($24.68 billion) in 2025, up from 263.7 billion this year.
India plans to supply liquefied natural gas to Sri Lanka's power plants, connect their power grids, and lay a petroleum pipeline between the two nations, according to Prime Minister Narendra Modi.
Iran's Renewable Energy and Energy Efficiency Organization (SATBA) is inviting investors to participate in the construction of renewable energy power plants to address the country's electricity imbalance.
The National Iranian Gas Company reported a record consumption of 641 million cubic meters of gas in residential, commercial, and small-scale industries, marking a new Iranian year high.
A member of Iran’s Parliament Energy Committee said that conserving electricity and gas is a national responsibility, urging citizens to help address the energy imbalance through efficient consumption.
India's import of Russian crude oil reached its lowest point since June 2022 in November.