Global Crude Oil Price Today September 27, 2024
Brent crude futures were up 8 cents, 0.1%, at $71.68 per barrel, as of 0840 GMT, while U.S. West Texas Intermediate crude futures were up 6 cents, also 0.1%, to $67.73.
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India increased oil imports from Russia in 2024, retaining its main supplier status. Raw material payments increased by nearly $6 billion due to reduced discounts, freight costs, and higher oil prices.
The U.S. Treasury Department on Wednesday imposed sanctions on more than a dozen organizations and vessels over their involvement in Iranian crude oil and liquefied petroleum gas shipments to Syria and East Asia.
Iranian companies are prepared to enter the Central Asian oil industry's upstream and downstream activities, according to Iranian Minister of Petroleum Mohsen Paknejad and Tajikistan's Minister of Energy and Water Resources Daler Juma.
Global Crude Oil Price Today September 26, 2024
Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to $68.51 per barrel.
British energy giant BP is holding a board meeting in India as it seeks to explore new opportunities in the country’s oil and gas sector, reported Reuters.
In a meeting between Iranian Minister of Finance and Economic Affairs Abdolnaser Hemmati and Chinese Minister of Finance Lan Fo’an, the two sides emphasized the implementation of the two countries’ long-term strategic partnership plan.
Iranian Energy Minister Abbas Ali-Abadi said that the Islamic Republic is ready to expand cooperation with BRICS in the field of energy.
Masoud Pezeshkian says to create a better world, Iran is ready, from an equal position, to establish effective relations with the world powers and its neighboring countries.
Global Crude Oil Price Today September 25, 2024
Brent crude futures were down 8 cents, or 0.1%, at $75.09 a barrel at 0844 GMT. U.S. West Texas Intermediate crude was down 13 cents, or 0.2%, at $71.43 per barrel.
India's net-zero emission target of 2030 cannot be met without a significant acceleration in the green hydrogen economy, says a report by S&P Global.
Iranian president Masoud Pezeshkian says that Iran not only seeks constructive and equal relations with all countries but tries to replace war and bloodshed with peace and security.
Iranian Minister of Petroleum Mohsen Paknejad has said that under the previously made agreements, he hopes to witness the holding of the joint economic cooperation commission between Iran and Saudi Arabia soon.
Global Crude Oil Price Today September 24, 2024
Brent crude futures were up $1.34, or 1.8%, at $75.24 a barrel by 0853 GMT. U.S. WTI crude futures rose $1.38, or 2%, to $71.75.
India's largest oil and gas bid round saw four bidders, including ONGC, OIL, Vedanta Ltd, and Reliance-bp plc, with most blocks receiving two bids each.
The National Iranian Oil Company’s CEO Hamid Bovard appointed Ibrahim Piramoun as the CEO of the National Iranian South Oil Company (NISOC) and the principal member of its board of directors.
Secretary General of the Gas Exporting Countries Forum, Mohamed Hamel, expressed gratitude to Iranian Petroleum Minister Mohsen Paknejad for organizing the 26-member GECF meeting in Tehran.
India’s crude oil production in August fell by 3.4% on the year to 2.4 million metric tons, equal to some 17.6 million barrels. Fuel production was also down, more modestly, the Economic Times reported.
Global Crude Oil Price Today September 23, 2024
Brent crude futures for November edged up by 14 cents, or 0.19%, to $74.63 a barrel by 0815 GMT. U.S. crude futures for November were up 16 cents, or 0.23%, at $71.16.
Iran's Road and Urban Development Ministry reported a 73% increase in commodity transit through roads during the first five months of the current calendar year.