Ted Cruiz, a Texas senator, criticizes the Biden administration's foreign policy as a disaster due to its failure to curb Iran's oil exports and ineffective sanctions.
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Pipeline operators in Poland and Russia agreed on a solution that will allow Kazakh oil transit to Germany to continue, removing a risk that it would stop in June, sources familiar with the matter told Reuters.
India has secured its first overseas port, Chabahar Port, through a 10-year strategic agreement with Iran, marking a significant milestone in maritime history and strengthening regional connectivity and trade.
Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said.
Brent crude futures fell by 25 cents, or 0.31%, to $81.11 a barrel by 1151 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 21 cents, or 0.27%, at $76.66.
Iranian President Ibrahim Raisi's funeral ceremony in Mashhad was attended by Iranian Minister of Petroleum, 13th administration cabinet members, and millions of people.
The production line of oil control valve used in cars equipped with CVVT system was launched in an Iranian knowledge-based company in the presence of Vice-President for Science, Technology and Knowledge-Based Economy Rouhollah Dehqani Firouzabadi.
India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
Brent crude futures were up 10 cents, or 0.1%, at $82.00 a barrel by 0850 GMT. U.S. West Texas Intermediate crude (WTI) futures were up 7 cents, or 0.1%, at $77.64.
Brent crude futures were down 64 cents, or 0.8%, at $82.24 a barrel, while U.S. West Texas Intermediate crude (WTI) dropped 65 cents, or 0.8%, to $78.01 by 1010 GMT. Both benchmarks shed more than 1% earlier in the session.
During a talk show on IRIB channel 1 on Tuesday evening, Iranian Minister of Petroleum, Javad Owji, explained how the late president, Ayatollah Ibrahim Raisi, was serious about developing oil industry projects.
India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.
Brent crude futures fell by $1.08, or 1.3%, to $82.63 a barrel by 1037 GMT. U.S. West Texas Intermediate crude (WTI) futures for June , which are set to expire on Tuesday, slipped by $1.07 cents, or 1.3%, to $78.73.
The National Iranian Oil Refining and Distribution Company (NIORDC) has launched a monitoring center to oversee all the processes pertaining to production, transfer and distribution of oil products.
Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), HE Haitham Al Ghais, issued a statement offering his condolences on the demise of the Iranian president, Ayatollah Ibrahim Raisi, who lost his life on Sunday in a chopper crash.
IndianOil exported its first 100 octane premium fuel, XP100, from JNPT in Navi Mumbai, marking a significant move to conquer new Sri Lankan markets.
Brent gained 41 cents, or 0.5%, to $84.39 a barrel by 0632 GMT, after rising to $84.43 earlier, its highest since May 10.U.S. West Texas Intermediate (WTI) crude for June edged up 23 cents to $80.29.
Following the martyrdom of the Islamic Republic of Iran’s president and his companions on Sunday, May 19, Minister of Petroleum, Javad Owji, issued a statement, offering his condolences on the sad occasion.
Iran’s oil production rose by 50 thousand barrels a day reaching 3.3 million barrels per day in April, the International Energy Agency (IEA) announced in its latest monthly report.
Brent settled 71 cents higher, or 0.9%, at $83.98 a barrel. U.S. West Texas Intermediate crude (WTI) gained 83 cents, or 1.1%, to $80.06.