The director of the National Gas Network Operations Control Center announced that with the arrival of new cold fronts, daily gas consumption in the residential, commercial, and small industrial sectors hit a record high of 600 million cubic meters on December 9.
LASTEST NEWS Feed Atom
World crude oil price today December 10, 2024
Brent crude futures fell 26 cents, or about 0.4%, to $71.88 per barrel. U.S. West Texas Intermediate crude futures were down 30 cents, also 0.4% lower, at $68.07 at 0707 GMT.
The EU purchased 20% more fuel from Indian refineries using Russian oil from January to August 2024, despite imposing a $60 per barrel price cap and banning Russian crude imports.
The Declaration of Cooperation between OPEC member countries and non-OPEC oil-producing countries has turned eight on Tuesday, according to a press release by OPEC.
The Iranian government spokesperson said: "While the imbalance in gasoline supply is a reality, there is no plan to increase gasoline prices."
Iranian President Masoud Pezzekian stated that excessive consumption of gas and electricity is putting a lot of pressure on the supply network, warning: "If we do not save money, we may be forced to cut off gas in the winter."
The world price of crude oil today, September 9, 2024
Brent crude futures were up 94 cents, or 1.32%, to $72.06 per barrel by 0852 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1, or 1.49%, to $68.20.
Union Commerce and Industry Minister Piyush Goyal on Sunday proposed to launch a startup bridge between Norway and India, as the two countries discuss various ways to boost trade ties.
The National Iranian Gas Company reported a 25% increase in gas consumption by residential, commercial, and small industrial sectors, with 70% of gas delivered on Sunday.
The second meeting of the review and management of the energy imbalance in Iran was held with the presence of the vice presidents of Iran and several ministers involved in economic affairs, hosted by the Ministry of Oil.
Iran's Petroleum Industry Research Institute has expressed its readiness to cooperate with Gas Exporting Countries Forum (GECF) member states across the upstream and downstream oil and gas sectors, the institute's head said on Saturday.
Iran's Oil Minister clarified that increasing oil production capacity is a priority for the Ministry of Petroleum under the 14th administration, without any connection to potential restrictions.
Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF), speaking at the 26th Ministerial Meeting in Tehran on Sunday highlighted the organization’s growth and future goals.
Iran's Oil Minister Mohsen Paknejad highlighted the importance of cooperation in the global energy sector at the 26th Gas Exporting Countries Forum Ministerial Meeting in Tehran.
India's fuel consumption in November rose by 9.3% year-on-year to 20.43 million metric tons, reaching its highest level since May, oil ministry data showed on Friday.
The ambassador of the Islamic Republic of Iran to Mauritania consulted and exchanged views with the Minister of Energy and Oil of that country regarding the strengthening of bilateral cooperation.
Minister of Oil Mohsen Paknejad highlighted the importance of strengthening collaboration among member states of the Gas Exporting Countries Forum (GECF) ahead of the group’s 26th ministerial meeting.
The global price of crude oil today, December 6, 2024
Brent crude futures were down 66 cents, or 0.9%, to $71.43 per barrel, West Texas Intermediate crude futures were down 65 cents, or 1%, to $67.65 per barrel.
Kuwait Petroleum Company (KPC) is considering storing crude oil in India’s underground caverns as part of the second phase of the Indian government’s plan to enhance its strategic petroleum reserves.
The US is sanctioning two Indian shipping sector companies alleging that they played a “critical role” in transporting Iranian oil in defiance of the US embargo.
