The global price of crude oil today, October 7, 2024
Brent crude futures rose $1.11, or 1.4%, to $79.16 a barrel by 0839 GMT. U.S. West Texas Intermediate crude futures jumped $1.28, or 1.7%, to $75.66.
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While Sensex and Nifty made wild swings on the D-Street in Friday's session, shares of Oil India Limited and Oil and Natural Gas Corporation rallied up to 6 per cent.
Oil prices could surge by $20 per barrel immediately if Israel launches a strike on Iranian oil facilities, Saudi energy expert Fahad bin Jumaa said on Sunday, pushing back against forecasts of a slower, more gradual increase.
The caretaker of Iran’s National Petrochemical Company (NPC) said the country’s petrochemical production capacity is going to reach 131 million tons by the end of the country’s seventh National Development Plan (early 2027).
Iranian Minister of Petroleum Mohsen Paknejad visited the shared oil field of Forouzan's platform in the Persian Gulf, talking with the oil industry staff there.
Minister of Petroleum Mohsen Paknejad has said: “I traveled to the Assaluyeh region to assess the country’s gas production conditions.”
Reuters announced Iran as the only member of Opec which its oil production rose in September 2024.
Iranian Minister of Petroleum Mohsen Paknejad who is visiting Assaluyeh, the capital of Iran's energy, says my trip is normal for visiting my colleagues.
India's oil imports from Russia rose in September as overall demand for hydrocarbons increased ahead of the Diwali festive season, according to analytics firm Kpler, as reported by the Indian Express.
High-ranking officials from Iran and Qatar signed six cooperation documents in the fields of trade and economy, culture, education, sports, and agriculture.
China was Iran’s top trade partner in the first half of the current Iranian calendar year (March 20-Septemebr 22).
The CEO of the National Iranian Gas Company (NIGC) Saeed Tavakoli has said that the share of natural gas in the country’s energy basket is 70%.
Global crude oil prices today, October 4, 2024
Brent crude futures were flat at $77.55 a barrel, as of 0646 GMT. U.S. West Texas Intermediate crude futures were little changed at $73.65 a barrel.
Indian Oil Corporation and Nepal Oil Corporation have signed a B2B framework agreement for the extension of the Motihari-Amlekhgunj Petroleum Pipeline and oil storage terminals in Chitwan.
According to Keramat Veis-Karami, the average daily gasoline consumption in the first seven days of autumn stood at 128 million liters, IRIB reported.
The OPEC secretariat announced today that the Wall Street Journal article, dated 2 October which quotes the Saudi Oil Minister as saying oil prices may fall to $50/B is inaccurate and misleading.
Global crude oil prices today, October 3, 2024
Brent crude futures were up $2.82, or 3.82%, at $76.72 a barrel by 11:36 a.m. EDT. U.S. West Texas Intermediate crude futures rose $2.85, or 4.07%, to $72.95.
The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a meeting on 2 October and reviewed the current market situation.
Iranian Oil Minister Mohsen Paknejad says that the energy imbalance in Iran is not something that has been created in one or two years.
Global crude oil prices today, October 2, 2024
Brent futures leapt $1.08, or 1.47%, to $74.64 a barrel, while U.S. West Texas Intermediate (WTI) crude spiked $1.12, or 1.6%, to $70.95 at 0650 GMT.