Brent crude futures rose 14 cents, or 0.2 percent, to $66.77 a barrel, while U.S. West Texas Intermediate crude futures rose 8 cents, or 0.1 percent, to $64.04.
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Trump’s plan to impose a 25% tariff on Indian imports over its Russian crude purchases puts India in a dilemma between preserving $87B in U.S. exports or saving billions through discounted oil.
overhaul of the Alvand offshore drilling rig is in its final stages in the Kish operational area and will soon join the Iranian Offshore Oil Co.’s drilling fleet.
Brent crude futures fell 45 cents, or 0.68 percent, to $66.14 a barrel, while U.S. West Texas Intermediate crude futures fell 49 cents, or 0.77 percent, to $63.39.
Azerbaijan's president on Sunday condemned Russian air strikes on Azerbaijani oil and gas facilities in Ukraine but said energy cooperation between the two countries would continue.
Subhash Goyal, Chairman of the Chamber of Commerce's Tourism Expert Committee, criticizes India's disproportionate focus on Russian oil purchases, arguing that India will buy oil from any source.
The National Iranian Drilling Company reported a 17.5% increase in specialized drilling operations for client companies in the first four months of the current Iranian calendar year.
Iran’s oil exports remained steady at close to record highs in June, with new data showing the country shipped nearly 1.8 million barrels per day (bpd), TV BRICS reports.
Brent crude oil futures rose 14 cents, or 0.2 percent, to $66.57 a barrel. U.S. West Texas Intermediate crude rose 4 cents, or 0.1 percent, to $63.92.
Brent crude rose 21 cents, or 0.3 percent, to $67.1 a barrel, while U.S. West Texas Intermediate crude rose 20 cents, or 0.3 percent, to $64.55.
India's exports of refined fuel are in the spotlight after last month's European Union sanctions while U.S. President Donald Trump has threatened a tariff hike over its oil purchases from Russia.
The Washington administration is imposing additional tariffs in the amount of 25% on India in connection with its purchase of Russian oil.
Brent crude futures rose 90 cents, or 1.3 percent, to $68.54 a barrel, while U.S. West Texas Intermediate crude rose 92 cents, or 1.4 percent, to $66.08 a barrel.
Despite new European Union (EU) sanctions and warnings from the United States, state-run Indian oil companies are expected to continue purchasing Russian crude using dirhams for payment, according to officials cited by Moneycontrol.
NIDC reported a 17.5% increase in specialized drilling operations for client companies in the first four months of the current Iranian year.
Brent crude futures fell 1 cent to $68.75 a barrel, while U.S. West Texas Intermediate crude fell 2 cents to $66.28.
Despite progress in U.S.-China trade talks, Beijing firmly rejects Washington’s demand to stop buying oil from Iran and Russia, citing national interests and energy security.
Brent crude futures fell 85 cents, or 1.2 percent, to $68.82 a barrel, while U.S. West Texas Intermediate crude fell 82 cents, or 1.2 percent, to $66.51 a barrel.
National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.
Brent crude futures fell 7 cents, or 0.1 percent, to $71.63 a barrel. U.S. West Texas Intermediate crude fell 10 cents, or 0.14 percent, to $69.16 a barrel.