India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.
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Global Crude Oil Price Today January 8, 2025
The price of a barrel of Brent North Sea crude rose by 29 cents, or 0.38 percent, to $77.34 a barrel today. US West Texas Intermediate crude also rose by 38 cents, or 0.51 percent, to $74.63 a barrel.
World crude oil prices today, January 7, 2025
The price per barrel of North Sea Brent oil fell 7 cents to $ 76, 23 cents today. U.S. West Texas Intermediate oil is also trading at 12 cents, down 0.16 per cent at $ 73, 44 cents.
Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.
India has issued a tender to private companies to build and operate a new storage site for the Strategic Petroleum Reserve of the world's third-largest crude oil importer.
The CEO of Arvandan Oil and Gas Company announced a 2,000-barrel increase in oil production from the South Azadegan joint field.
The National Iranian Oil Company (NIOC) has announced its official crude oil prices for January 2025, IRNA reported.
The Iranian oil minister announced that creating a secure and transparent environment for investors is a priority of the Oil Ministry.
India's crude oil import from Russia decreased by 13.2% in December, but remained the largest supplier, accounting for 31% of India's total crude oil imports.
TankerTrackers, a shipping analytics company, reported a surge in Iran’s crude oil exports during the latter half of December 2024, following slow growth earlier in the month.
World crude oil price today January 1, 2025
Brent crude futures settled up 65 cents, or 0.88%, to $74.64 a barrel. U.S. West Texas Intermediate (WTI) crude settled up 73 cents, or 1.03%, to $71.72 a barrel.
World crude oil price today December 31, 2024
Brent crude futures rose by 54 cents, or 0.73%, to $74.53 a barrel as of 1107 GMT. U.S. West Texas Intermediate crude gained 57 cents, or 0.8%, to $71.56 a barrel.
India's largest refiner seeks Middle Eastern crude cargoes to compensate for reduced Russia supplies, highlighting shifting export patterns as traders anticipate global market prospects in 2025.
Iranian oil minister Ali-Mohammad Mousavi has been appointed as Iran's representative to various international bodies, including OPEC, GECF, and IEF.
World crude oil price today December 30, 2024
Brent crude futures rose 20 cents to $74.37 per barrel. US West Texas Intermediate crude futures rose 27 cents to $70.87 per barrel.
India surpasses China's oil demand growth rate in 2024, becoming one of the fastest-growing fuel consumption centers, according to S&P Global Commodity Insights.
NIOC's managing director announced plans to establish a specialized AI department during the Shahid Tondgouyan Digital Oil and Gas Fields Competition.
The oil minister announced plans to increase oil production capacity by approximately 250,000 barrels per day.
A minor fire in decommissioned oil product pipelines at the Abadan Refinery was brought under control in less than 30 minutes, thanks to the prompt response of refinery firefighters.
World crude oil prices today December 26, 2024
Brent crude futures rose 39 cents, or 0.5%, to $73.97 a barrel. U.S. West Texas Intermediate crude was at $70.53, up 0.6%, or 43 cents, from Tuesday's pre-Christmas settlement.