Global crude oil price today, November 01, 2020
Brent crude futures were up $1.46, or 2%, at $74.27 a barrel by 1252 GMT. U.S. West Texas Intermediate crude rose $1.57, or 2.3%, to $70.83.
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Canadian Natural Resources, Canada's largest oil and gas producer, reported lower adjusted net earnings in Q3 compared to the previous year due to falling natural gas and international crude oil prices.
National Iranian Drilling Company has managed to indigenize the knowledge for manufacturing 610 drilling equipment items in collaboration with domestic manufacturers and engineers over the past two years, an official with the company said.
Global Crude Oil Price Today October 31
Brent crude futures gained 11 cents, or 0.15%, to $72.66 a barrel by 0805 GMT. U.S. West Texas Intermediate crude futures climbed 13 cents, or 0.19%, to $68.74 per barrel.
US imports of crude oil from Canada hit a record 4.3 million b/d in July after Canada expanded its Trans Mountain pipeline, according to US EIA data.
Global Crude Oil Price Today October 30, 2024
Brent crude futures gained 38 cents, or 0.5%, to $71.50 a barrel by 0957 GMT. U.S. West Texas Intermediate crude futures edged up 35 cents, or 0.5%, to $67.56 per barrel.
India's rapidly growing population and modernization are causing its energy needs to exceed its output potential, according to the International Energy Agency. Despite rising consumption levels, India's stagnant energy production poses potential risks to its economy and energy security.
The CEO of the National Iranian Oil Company (NIOC), Hamid Bovard, stated that the oil industry is the driving engine of the country’s economy, underscoring its importance in passive defense.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri stated there's no global crude oil shortage and sufficient refining capacity to meet domestic needs, despite geopolitical tensions in the Middle East.
Iranian Oil Ministry has said that despite the U.S. sanctions the Islamic Republic’s crude oil and gas condensate production in the third quarter of 2024 has increased by over eight percent compared to the same period last year.
Global Crude Oil Price Today October 28, 2024
Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at the open.Brent was at $72.92 a barrel, down $3.13, or 4.1%, while WTI slipped $3.15, or 4.4%, to $68.63 a barrel.
Many oil refineries today use up to 70 percent of sophisticated nuclear devices, which indicates the inexorable importance of nuclear technology to petroleum-producing countries such as Iran.
According to Masoud Afshar, the deputy head of NIDC for drilling operations, the drilled wells consisted of 12 development, and 40 workover ones, IRNA reported.
Energy ministers of Iran and Pakistan met and held talks on the sidelines of the Third Belt and Road Ministerial Conference held in Qingdao, China.
Brent Crude Oil Today October 25, 2024
Brent crude futures climbed 31 cents, or 0.4%, to $74.69 a barrel by 0642 GMT while U.S. West Texas Intermediate crude was at $70.48 a barrel, up 29 cents, or 0.4%.
The International Energy Agency has predicted that fossil fuel consumption will reach its peak by the end of the current decade while electricity demand will rise dramatically, in what the IEA calls the Age of Electricity.
Global Crude Oil Price Today October 24, 2024
Brent crude futures were up $1.26, or 1.7%, to $76.22 a barrel. U.S. West Texas Intermediate crude futures climbed $1.26, or 1.8%, to $72.03.
India's Finance Ministry will consider a proposal to ditch the windfall tax on domestic crude oil production, amid much lower prices compared to when the levy was introduced in 2022, a senior government official said on Wednesday.
The global price of crude oil today, October 23, 2024
Brent crude futures eased 50 cents, or 0.7%, to $75.54 a barrel by 0640 GMT. U.S. West Texas Intermediate crude futures shed 50 cents, or 0.7%, to $71.24 a barrel.
India's oil minister hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market.