A senior official from the National Iranian Oil Refining and Distribution Company (NIORDC) announced an increase of 15 million liters in the country's daily diesel production over the four months of the new government's term.
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Global Crude Oil Price Today December 20, 2024
Brent crude futures fell by 41 cents, or 0.56%, to $72.47 a barrel by 0420 GMT. U.S. West Texas Intermediate crude futures fell 39 cents, or 0.56%, to $68.99 per barrel.
Venezuela's state oil company PDVSA and India's Reliance Industries have resumed an oil swap that had been paused due to U.S. sanctions on the South American country, an internal PDVSA document seen on Thursday showed.
Global crude oil prices today, December 19, 2024
Brent futures fell 27 cents, or 0.4%, to $73.12 a barrel by 0701 GMT. U.S. West Texas Intermediate crude fell 39 cents, or 0.6%, to $70.19.
Iran’s oil and gas output has ramped up over the past three months, Deputy Oil Minister Hamid Bovard said on December 18, as the country is poised to face heightened pressure under a second Trump administration.
The CEO of NIORDC announced the daily distribution of over 320 million liters of petroleum products, thanks to the tireless efforts of around 16,400 tanker drivers.
Global crude oil prices today, September 18, 2024
Brent futures rose 57 cents, or 0.78%, to $73.56 a barrel at 0923 GMT, while U.S. West Texas Intermediate crude climbed 63 cents, or 0.90%, to $70.71 a barrel.
India's second-largest fuel retailer, Bharat Petroleum Corporation Limited (BPCL), plans to raise its refining capacity by 10 million tons per year by 2028, as the biggest Indian refiners consider a massive expansion to processing capacity to meet growing demand.
The head of National Iranian Oil Company (NIOC) has dismissed reports circulating on social media claiming a decline in the country's crude oil exports as "false and baseless."
Global crude oil prices today, December 17, 2024
U.S. West Texas Intermediate crude was down 11 cents at $70.60 a barrel, while Brent crude futures eased 2 cents to $73.89 a barrel.
Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand for Canadian crude in U.S. and international markets.
The first vice president of Iran announced that developing shared oilfields is a key strategy of the 14th Iranian administration.
World crude oil price today December 16, 2024
Brent crude futures fell 29 cents, or 0.4%, to $74.20 a barrel. U.S. West Texas Intermediate crude dropped 36 cents, or 0.5%, to $70.93 a barrel.
Offshore Norge industry association predicts oil and gas companies in Norway to invest a record 275 billion crowns ($24.68 billion) in 2025, up from 263.7 billion this year.
India's import of Russian crude oil reached its lowest point since June 2022 in November.
India saw a 6.7% increase in petroleum product imports in November 2024, and a 2.6% rise in crude oil imports for the April-November FY 2024-25 period.
Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to India's Reliance Industries in the biggest oil supply deal between the two countries, Reuters reported on Thursday.
The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply cuts and a slightly higher than expected demand forecast.
Iran’s crude oil production increased by 37,000 barrels per day (bpd) in November compared to the previous month, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC).
World crude oil price today December 12, 2024
Brent crude futures were up 14 cents at $73.66 a barrel at 0519 GMT. U.S. West Texas Intermediate crude futures rose 6 cents to $70.35.