Brent crude futures rose 66 cents, or 1 percent, to $67.05 a barrel, while U.S. West Texas Intermediate crude futures rose 68 cents, or 1.1 percent, to $63.31 a barrel.
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US President Donald Trump wants to work with EU countries to push Russia to end its war in Ukraine by imposing big new trade tariffs on India and China and impose further sanctions on the shadow fleet, reports say.
Oil production from the Nowruz field has increased by 1,500 barrels per day following the completion of a complex offshore power cable operation, according to an Iranian offshore oil company official.
Iran's Pars Oil and Gas Company has commissioned the ninth well at Phase 11 of the South Pars gas field, increasing its daily gas production capacity to over 22 million cubic meters.
Brent crude rose 47 cents, or 0.7 percent, to $66.49 a barrel, while U.S. West Texas Intermediate crude rose 72 cents, or 1.2 percent, to $62.98.
The spot supply of Russian oil has not changed from earlier, with barrels trading at a discount of $2-$3 per barrel to Dubai for delivery at Indian ports, said Anuj Jain, head of finance at Indian Oil Corp, the country's top refiner.
Brent crude rose $1.28, or 1.95 percent, to $66.78 a barrel, while U.S. West Texas Intermediate crude rose $1.20, or 1.94 percent, to $63.07 a barrel.
The loss of Ukrainian oil refineries this summer has forced traders to compensate with imports, purchasing diesel fuel even from India, which imports a significant portion of its crude oil from Russia, an analyst said at the weekend.
Congress leader Shashi Tharoor on Sunday hit out at US commerce secretary Howard Lutnick over his recent remarks on India-US trade deal saying, "India doesn't have to say sorry about anything".
The project manager for the development of the Sepehr and Jofeir oil fields announced that the fourth drilling rig, named "MAPNA Nour-2," has begun operations to accelerate progress on the national development project.
Iraq's state oil company SOMO is in advanced talks with ExxonMobil over a possible agreement to secure storage capacity in Singapore using tanks owned by the US oil major, the Iraqi state news agency INA said on Saturday.
India will continue buying crude from Russia as it looks to cater to its interests, Indian Finance Minister Nirmala Sitharaman said on Friday, amid U.S. pressure over India's Russian crude purchases.
National Iranian Oil Refining and Distribution Company (NIORDC) has launched a major digital transformation program to modernize its supply chain, with all domestic oil tankers set to be equipped with real-time monitoring systems within two years, a senior official said.
Brent crude futures fell 35 cents, or 0.5 percent, to $66.64 a barrel, while U.S. crude and gas futures fell 33 cents, or 0.5 percent, to $63.15.
Top Indian refiner Indian Oil Corp skipped the purchase of U.S. oil in its latest tender and instead bought 2 million barrels of West African and a million barrels of Middle Eastern grade, trade sources said on Friday.
The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized the necessity of securing financial resources and comprehensive inter-agency cooperation to sustain the refining industry's development.
Iran’s oil exports have risen by an average of 630,000 barrels per month in the first four months of the current Iranian year compared with the same period in 1403, Oil Minister Mohsen Paknejad said Wednesday.
Brent crude fell 96 cents, or 1.4 percent, to $68.18 a barrel. U.S. West Texas Intermediate crude fell $1.02, or 1.6 percent, to $65.57 a barrel.
China and Russia are negotiating a deal for a massive natural gas pipeline, bolstering energy ties amid India's continued purchase of Russian crude oil amidst Trump's tariffs.
The United States has been unable to stop Iran’s oil sales, Iran’s Parliament speaker said Tuesday.