Iran ranked as the world’s third-largest holder of proven oil reserves after Venezuela and Saudi Arabia.
OIL Feed Atom
The global price of crude oil today, September 6, 2024
Brent futures were down 1 cent to settle at $72.69 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 5 cents, or 0.1%, to settle at $69.15.
India's envoy to Moscow, Vinay Kumar, announced that Russia remains India's largest partner in the energy sector, with plans to expand cooperation in the coming years.
OPEC Plus alliance members extend voluntary supply reduction of 2,200,000 barrels per day until November 2024, starting gradual supply increase plan from December 1st.
The global price of crude oil today, September 5, 2024
Brent crude rose 42 cents, or 0.6%, to $73.12 a barrel by 0810 GMT. U.S. West Texas Intermediate crude for October was up 37 cents, or 0.5%, at $69.57.
The Islamic Republic of Iran Customs Administration's chief says oil and mazut exports from the country generated some $19.5 billion in revenues in the first five months of the Iranian year.
OPEC Secretary General Haitham Al Ghais has acknowledged that Iran made significant progress in its oil industry in recent years despite crippling sanctions imposed on the country by the United States.
The global price of crude oil today, September 4, 2024
Brent crude futures fell 0.6% to $73.32 in November, while U.S. West Texas Intermediate crude futures fell 0.7% to $69.85 in October.
ONGC, India's largest oil and gas explorer, is considering an $8.3-billion refinery and petrochemicals project in the Indian state of Bihar to meet rising fuel demand.
On the eve of the 64th anniversary of the founding of OPEC, the Secretary General of OPEC Haitham al-Ghais announced that the organization “has an instrumental role to play for decades to come on the path towards an inclusive energy transition for our global energy future.”
The global price of crude oil today, September 3, 2024
Brent crude futures were down 17 cents, or 0.2%, to $77.35 a barrel by 0620 GMT. West Texas Intermediate crude futures, were up 50 cents, or 0.7%, at $74.05 a barrel.
French oil company TotalEnergies has approved a $444 million investment deal with Indian Adani Green Energy, advancing plans for a joint venture.
announced by Mohammad Rezvanifar, the head of the Islamic Republic of Iran Customs Administration, Iran has exported $19.5 billion of crude oil and fuel oil in the first five months of the current Iranian calendar year.
The world price of crude oil today, September 2, 1983
Brent crude futures were down 21 cents, or 0.3%, at $76.72 a barrel by 0815 GMT while U.S. West Texas Intermediate crude slipped 14 cents, or 0.2%, to $73.41.
On the 65th establishment day of Indian Oil Corporation Limited (IOCL), Union Minister of Petroleum and Natural Gas Hardeep Singh Puri lauded the company for its role in protecting Indian citizens from global fuel price hikes over the past three years.
CEO of the National Iranian Oil Company (NIOC) Hamid Bord has appointed Houtan Salari as the acting manager of the NIOC’s international affairs department.
China’s imports of Iranian oil have reached a record of 1.75m barrels per day (bpd) in August, oiprice.com reported, citing data from Kpler.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Tuesday highlighted Iran’s gifts and capacities, citing the country’s natural, abundant, and valuable resources, its strategic geographic location at the crossroads of the world’s major trading routes, along with its extensive coastlines.
The global price of crude oil today, August 30, 2024
Brent crude futures were up 39 cents, or 0.5%, at $80.33 a barrel by 0630 GMT. U.S. West Texas Intermediate crude futures gained 30 cents, or 0.4%, to $76.21.
KABIL and Oil India Ltd. signed a Memorandum of Understanding at NALCO's Bhubaneswar headquarters, signed by KABIL CEO Sadashiv Samantaray and OIL ED Ranjan Goswami.