NIOPDC CEO Keramat Veis-Karami reports a 38% increase in liquid fuel deliveries to Iran's power plants in the first seven months of the year.
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Iranian Minister of Petroleum Mohsen Paknejad has said that expanding cooperation between Iran and the Republic of Azerbaijan in the energy sector is essential and requires creating the necessary infrastructures.
Global crude oil price, today, October 16, 2024
Brent crude oil futures rose 22 cents, or 0.3%, to $74.47 a barrel by 0800 GMT. U.S. West Texas Intermediate crude futures climbed 28 cents, or 0.4%, to $70.86.
India's crude oil imports from Russia increased 11.7% in September, accounting for two-fifths of the country's overall crude imports, according to tanker data.
India Intensifies Efforts to Increase Crude Oil Purchases from Brazil Despite Competition from Discounted Russian Oil and Logistical Challenges Related to Maritime Transport.
The Organization of Petroleum Exporting Countries (OPEC) in its latest report, published on Monday, has said Iran produced 3.316 million barrels per day (bpd) of crude oil in September, registering a 21,000-bpd increase compared to the previous month.
Iran's National Petrochemical Company (NPC) Acting Head Hassan Abbaszadeh emphasizes the importance of expediting the completion of petrochemical projects to enhance the country's foreign trade balance.
Iranian Minister of Petroleum Mohsen Paknejad emphasized the importance of standardization and its role in the development and sustainability of the oil industry.
Ramazan Ali Sangdovini, vice chairman of the Islamic Consultative Assembly's Energy Commission, stated that Iran is enhancing its oil industry capabilities and aiming to regain global market share.
The global price of crude oil today, October 15, 2024
Brent crude futures fell $3.51, or 4.5%, to $73.95 a barrel at 0911 GMT, their lowest since Oct. 2. West Texas Intermediate futures lost $3.48, or 4.7%, hitting $70.35 a barrel.
The CEO of the Iran Fuel Conservation Company (IFCO) Hosein Hoseinzadeh, stated that the company has short-term, medium-term, and long-term plans for energy efficiency, which are expected to save about 90 billion dollars through the year 2041.
The spokesperson for the Iran's Foreign Ministry described the new sanctions imposed by the United States on Iran’s energy sector as illegal and unjustified.
The world price of crude oil today, October 14, 2024
Brent crude futures were down $1.35, or 1.7%, at $77.69 per barrel by 0902 GMT, while U.S. West Texas Intermediate crude futures fell $1.32, or 1.75%, to $74.24 per barrel.
Oil and Natural Gas Corporation (ONGC) is exploring plans to set up mini-LNG plants in India to utilise natural gas from wells in areas lacking pipeline connectivity, reported the New Indian Express.
Generating electricity from renewable sources prevented the emission of 12.8 million tons of Green House Gases (GHG) in Iran during the first half of the current Iranian calendar year, according to the Iranian Energy Ministry.
Iran's Ministry of Petroleum ranks first in responsiveness and free access to information among Iranian executive bodies.
Indian shipping firm Gabbaro Ship Services has been sanctioned by the US for allegedly transporting Iranian oil for sale in Asia, following restrictions on Iran's energy trade following its attack on Israel.
The Supervision Office of Iran's Securities and Exchange Organization (SEO) reported a 10% increase in petroleum product production in Shahrivar compared to the previous month.
CEO of National Iranian Gas Company emphasizes the importance of connecting Iranian and Russian gas networks for energy supply, highlighting Iran's unique position in the North-South energy corridor.
Iranian President Masoud Pezeshkian separately met with the Presidents of Turkmenistan and Russia, announcing new agreements to enhance gas cooperation.