Brent crude futures were down 78 cents, or 0.9%, at $82.69 a barrel by 1030 GMT. The WTI April contract was down 72 cents, or 0.9%, at $77.74.
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The head of Iran’s National Development Fund (NDF) said the fund is going to invest $35 billion in the oil industry within the next five years, IRNA reported on Monday.
Egypt is continuing to pay energy groups despite the difficult situation it is going through because of the conflict in Gaza, the Chief Executive of Italy's Eni Claudio Descalzi said on Friday.
India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February, four trade sources said and ship tracking data showed.
Brent crude futures were down 53 cents, or 0.6%, at $82.33 a barrel at 0915 GMT. U.S. West Texas Intermediate crude futures fell 33 cents to $77.70.
Brent crude futures fell 37 cents, or 0.5%, to $81.23 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures declined 44 cents, or 0.6%, to $76.20.
Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast in sharp contrast with projections by producer group OPEC.
Brent crude futures rose 6 cents, or 0.07%, to $82.83 a barrel by 0953 GMT. U.S. West Texas Intermediate (WTI) crude futures were flat at $77.87.
Iran’s oil minister said on Tuesday the development of the tourism industry can contribute to the country’s economy and reduce reliance on oil revenues.
Iran’s Deputy Oil Minister for Planning Affairs has said constructing petro-refineries across Iran is going to increase the country’s refining capacity by 30 percent, which is from 2.3 million barrels to 3.0 million barrels.
An Indigenous community in Alberta on Monday criticized Obsidian Energy for failing to address ongoing concerns about its operations after regulators said the Canadian oil and gas producer was responsible for a series of earthquakes.
The Organization of the Petroleum Exporting Countries is in talks with several countries interested in joining the wider alliance known as OPEC+, its secretary-general said on Monday.
Saudi Arabia decided to halt its oil capacity expansion plans because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market.
Brent crude futures were 29 cents, or 0.4% lower, at $81.90 a barrel, while U.S. West Texas Intermediate crude futures were down 28 cents, or 0.4%, at $76.56 a barrel at 0746 GMT.
The head of the NIOC has said the company is going to ink contracts worth $14 billion with domestic companies for the development of the country’s oil and gas fields by the end of the current Iranian calendar year.
A member of the Iranian Parliament’s Plan and Budget Committee said the Oil Ministry has achieved “stunning” successes.
India's oil and gas sector is experiencing growth due to increased demand, strategic investments, and a shift from Russian crude imports, indicating a promising future for the nation's economic recovery.
Brent crude futures settled up 56 cents, or 0.7%, at $82.19 a barrel. U.S. West Texas Intermediate crude futures settled up 62 cents or 0.8%, at $76.84 a barrel.
Iran’s oil minister said 200 essential items have been produced by domestic manufacturers under the 13th administration.
February's oil and gas public offering in the province of Saskatchewan added more than $10 million to the coffers of the Canadian government.