Brent crude futures edged up 46 cents, or 0.5%, to $86.70 per barrel at 0645 GMT. U.S. West Texas Intermediate crude futures climbed 42 cents or 0.5% to $83.23 per barrel.
NEWS Feed Atom
The Ministry of Petroleum and Natural Gas of India (MoPNG) has set the domestic natural gas price for July 2024 at $8.24 per million British thermal units, aiming to regulate pricing in India's growing natural gas sector.
Iran has risen to become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales.
Oil sector growth was announced as positive over the first three months of the current Iranian calendar year of 1403, which began on March 21.
Brent crude futures rose 28 cents to $86.88 per barrel. West Texas Intermediate (WTI) crude rose 20 cents to $83.58 a barrel, after gaining 2.3% to its highest since April 26.
Transport Canada has taken action to address the environmental impacts of marine shipping by implementing a ban on heavy fuel oil (HFO) use by vessels in the Arctic.
India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work.
We can overcome the energy imbalance in the country by cooperating with knowledge-based companies, collecting different ideas, and considering energy conservation as a priority, the deputy minister of petroleum of Iran for engineering, research, and technology said.
Brent crude futures rose 53 cents, or 0.6%, to $85.53 a barrel by 0729 GMT, while U.S. West Texas Intermediate crude futures were at $82.05 a barrel, up 51 cents, or 0.6%.
India's Petroleum and Natural Gas Regulatory Board (PNGRB) released a draft proposal for improving regulatory control over the country's liquefied natural gas (LNG) terminals, as per S&P Global Commodity Insights (GPI), ANI reported.
Figures by the European Union’s statistics agency, Eurostat, show that Turkey resumed importing oil from Iran in March this year nearly four years after it cut shipments to zero to comply with US sanctions on Tehran.
7 gathering associated gases projects, worth 400 million dollars, will be completed over the first half of the current Iranian calendar year, which ends on March 20, 2025.
Iran has overtaken Kuwait and Nigeria to be the fourth largest crude/condensate exporter of OPEC.
The Iranian Minister of Petroleum says that signing the memorandum of understanding (MoU) for gas transfer from Russia to Iran will increase Iran’s share of the global gas trade, strengthening regional energy security considerably.
A price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June.
The weekly price of the OPEC basket of twelve crudes rose by 13 cents during the week ending on June 27.
Brent crude futures for August settlement, on Friday, rose 48 cents, or 0.56% to $86.87 a barrel. U.S. West Texas Intermediate crude futures for August delivery rose 52 cents, or 0.64%, to $82.26 a barrel.
Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.
Brent crude oil futures were up 43 cents, or 0.5%, at $85.68 a barrel by 0850 GMT. U.S. West Texas Intermediate crude futures rose 42 cents, or 0.5%, to $81.32.
The Iranian National Gas Company (NIGC) and the Russian company Gazprom signed a memorandum of understanding today for gas transfer from Russia to Iran.