India's Oil and Natural Gas Corp is in talks to restart its operations in Libya and to increase production in Venezuela, a company executive said on Friday.
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Brent crude futures slipped 6 cents, or 0.1%, to $81.69 a barrel by 0851 GMT, while U.S. West Texas Intermediate crude futures rose 21 cents, or 0.3%, to $76.43 a barrel.
Iran’s Oil Minister Javad Owji paid a visit to an exhibition dubbed the “Narrative of Progress” in the northeastern city of Mashhad on Thursday.
India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation's exploration areas, the Guyanese minister for natural resources said on Thursday.
Brent crude futures rose 35 cents, or 0.4%, at $79.56 a barrel at 0730 GMT. U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.4% to $74.17 a barrel.
Russia’s ZN Vostok (ZNV) has invested more than $500 million in Iran’s oil projects, said the company’s managing director.
Iran’s oil minister announced that six contracts on the development of oil and gas fields will be signed by the end of the current Iranian calendar year (March 19, 2024).
Brent crude futures were up 26 cents to $78.85 a barrel as of 0914 GMT, while U.S. West Texas Intermediate crude climbed 27 cents to $73.58.
The National Iranian Oil Company (NIOC) managing director said on Tuesday the operation of seven new oil and gas projects will bring in some $6 billion.
Oil extraction from the South Azadegan field rose by 50,000 barrels per day (bpd) as Iran’s Oil Minister Javad Owji issued an order via videoconference for exploiting 60 new wells on Tuesday.
Production from Sohrab oil field shared with Iraq officially started by the order of Iran’s Oil Minister Javad Owji issued via videoconference on Tuesday.
A project to increase the crude oil output in Cheshmeh Khosh field, western Iran, became operational on Tuesday.
Brent crude futures dipped 8 cents to $77.91 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude futures fell 13 cents to $72.65. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions.
Seven processing units of Abadan Refinery, southern Iran, will be put into operation by the end of winter 2024, the National Iranian Oil Engineering and Construction Company (NIOEC) managing director said on Monday.
Brent crude futures fell 18 cents, or 0.2%, to $77.15 a barrel by 1003 GMT, while U.S. West Texas Intermediate futures were at $72.04 a barrel, down 24 cents, or 0.3%.
UK banks have provided bank accounts to holding companies linked to a state-backed Iranian petrochemicals company which has been under western sanctions since 2018, according to claims and reports.
India has set in motion a building blitz at its oil refineries to raise production of traditional transport fuels.
Iranian Oil Minister Javad Owji held talks with Venezuela’s high-ranking officials on bilateral relations and ongoing projects in Caracas.
Brent crude futures settled at $77.33 a barrel, shedding $1.37, or 1.7%. U.S. West Texas Intermediate crude futures settled at $72.28 a barrel, falling $1.54, or 2%.