India's Oil and Natural Gas Corp.’s (ONGC) quarterly profit beat analyst estimates despite a dip in production and weak crude prices.
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The world price of crude oil today, November 11, 2024
Brent crude futures fell 9 cents, or 0.1% to $73.78 a barrel by 0916 GMT while U.S. West Texas Intermediate crude futures were at $70.23 a barrel, down 15 cents, or 0.2%.
The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) has stated that the company plans to use artificial intelligence to better manage the massive volume of oil product transfers and deter the possibility of disruptions and errors.
US oil executives are eagerly awaiting Donald Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill”, production is unlikely to increase significantly during his second term in office.
The Russian government is considering the merger of three major oil companies - Rosneft, Gazprom Neft, and Lukoil. This move is expected to help secure more favorable energy deals with non-Western countries, reports the Institute for the Study of War (ISW).
The head of the National Iranian Oil Company (NIOC) has announced the allocation of $800 million to the National Iranian Drilling Company (NIDC) for the modernization of the company’s drilling equipment, Shana reported.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri has said India’s decision to buy oil from Russia amid global uncertainties helped avert a potential spike in global oil prices.
An Iranian vessel belonging to the National Iranian Tanker Company (NITC) has rescued the crew members of a cargo ship after it had an accident near Kharg Island in the Persian Gulf.
Global crude oil prices on November 7, 2024
Brent crude oil futures fell 48 cents, or 0.6%, to $74.44 a barrel by 1040 GMT on Thursday. U.S. West Texas Intermediate (WTI) crude slipped 61 cents, or 0.9%, to $71.08.
Iranian scientists have achieved a breakthrough in converting oil refinery waste into valuable fuels like petrol, diesel, and liquefied petroleum gas (LPG), thanks to the development of advanced catalysts.
Iran’s crude oil going to China these days is priced at its narrowest discount to Brent in five years.
Global Crude Oil Price Today November 6, 2024
Brent crude oil futures were down $1.04, or 1.4%, at $74.49 per barrel by 1146 GMT, while U.S. West Texas Intermediate (WTI) crude fell $1.04, or 1.4%, to $70.95 per barrel.
India's Minister of Petroleum and Natural Gas, Shri Hardeep S Puri, praised the UAE for its leadership in the global energy sector, highlighting its exceptional energy mix and significant progress in the energy transition phase.
Global Crude Oil Price Today November 15, 2024
Brent crude futures ticked up 16 cents, or 0.2%, to $75.24 a barrel by 0841 GMT, while U.S. West Texas Intermediate crude was at $71.65 a barrel, up 18 cents, or 0.3%.
Hamid Bovard, the head of National Iranian Oil Company (NIOC), appointed Mehran Makvandi as the new managing director of National Iranian Drilling Company (NIDC), replacing Hamidreza Golpayegani in the position, Shana reported.
Iran's Economic Council has approved a decision to finance an urgent oil production increase plan using resources from the National Development Fund of Iran. According to the decision, oil production is set to increase by 250,000 barrels per day.
Crude global oil prices today, November 4, 2024
Brent futures were up $1.81 per barrel, or 2.5%, to $74.91 a barrel at 0912 GMT. U.S. West Texas Intermediate (WTI) crude was up $1.86 a barrel, or 2.7%, to $71.35.
Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.
India's Oil and Natural Gas Corporation has been unsuccessful in finding a partner for the third time in developing a natural gas field, according to unnamed sources.
Venezuela's oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA.