Iranian Minister of Petroleum Mohsen Paknejad has appointed Majid Boujarzadeh as the director of the Public Relations Department of the Petroleum Ministry.
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Global Crude Oil Price Today September 16, 2024
Brent crude futures for November were up 38 cents, or 0.5%, at $71.99 a barrel at 0700 GMT. U.S. crude futures for October were up 49 cents, or 0.7%, at $69.14 a barrel.
State-owned Oil India Ltd (OIL) is in discussion with French energy company TotalEnergies for exploration of hydrocarbon blocks off India’s coast, either as a technical partner or a “participating interest” (equity) partner, a senior company executive told FE.
Oil India reports no payment issues for diesel exports to Bangladesh and smooth equipment transit for refinery expansion. Plans include increasing Numaligarh refining capacity by December 2025.
Gholamhossein Ramezanpour has been appointed as the new head of the Persian Gulf Star Oil Company with the approval of the company’s Board of Directors.
64 years ago, in this day the representatives of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela came together in Baghdad to found an organization to defend their rights on making just revenue from oil exports and creating stability in the oil market. OPEC has issued a statement on the occasion, having honored 64 years of its achievements to this end which follows below:
India's crude oil imports remained steady at 4.6 million barrels per day in July, while product imports increased by 19%, primarily due to higher LPG volumes.
The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.277 million barrels per day (bpd) of crude oil in August, registering a 4,000-bpd increase compared to the previous month.
The global price of crude oil today, September 13, 2024
Brent crude futures were up 74 cents, or 1%, at $72.71 a barrel by 1325 GMT. U.S. West Texas Intermediate crude futures rose $1.02, or 1.5%, to $69.99.
The world price of crude oil today, September 12, 2024
Brent crude futures for November rose $1.01, or 1.4%, to $71.62 a barrel by 0805 GMT. U.S. crude futures for October were up $1, or 1.5%, at $68.31.
India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.
The Masoud Pezeshkian administration's plan to increase gas prices divides Iranians, with some arguing it's necessary due to high consumption and smuggling.
The global price of crude oil today, September 11, 2024
Brent crude futures were up $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, while U.S. crude futures gained $1.11, or 1.7%, to $66.86.
In a letter, the Secretary General of OPEC congratulated Mohsen Paknejad for his appointment as the Minister of Petroleum of the Islamic Republic of Iran, wishing his rich experience to enrich OPEC's discussions in its efforts to sustain stability in the oil markets.
The last price of crude oil on September 10, 2024
Oil prices gave up the previous day's gains on Tuesday as weak Chinese demand offset U.S. supply disruptions from Tropical Storm Francine and global oil oversupply risks that continue to weigh on the market.
Iranian Minister of Petroleum Mohsen Paknejad says that what keeps the oil industry stable is not oil and gas reserves, but its expert human resources.
Global crude oil prices today, September 9, 2024
Brent crude rose 67 cents, or 0.94%, to $71.73 a barrel by 0901 GMT while West Texas Intermediate crude futures were up 68 cents, or 1%, at $68.35.
State-owned enterprise Oil India Limited (OIL), a Maharatna CPSE, has declared its support for sustainable energy practices by signing up for the Oil and Gas Decarbonisation Charter (OGDC).
Pakistan has found large deposits of natural gas and oil in its territorial waters after a three year survey, reported Times of India.
The head of the National Iranian Oil Company (NIOC) has emphasized the need to expedite the development of the South Azadegan oil field to boost output by late March 2025.