Suncor Energy, Canada's second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues efforts to fix long-running underperformance.
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India's crude oil imports rose to a monthly record in January after the Red Sea shipping crisis delayed the December arrival of cargoes from the Americas, data from trade sources showed.
Brent crude futures were down 94 cents, or 1.1%, at $83.73 a barrel at 1015 GMT on Friday, while U.S. West Texas Intermediate crude futures were 99 cents, or 1.3%, lower at $77.62.
The head of Iran’s National Petrochemical Company (NPC) stated that with the implementation of the Persian Gulf Star Oil Company (PGSOC)’s ammonia plant, 450,000 tons will be added to the country's ammonia production capaci
The Iranian Oil Pipeline and Telecommunication Company (IOPTC) reported a 4.5% increase in crude oil and petroleum product transmission in the first nine months of 2023 compared to the previous year.
Iran’s National Petrochemical Company (NPC) managing director on Thursday said “we do not welcome sanctions, but the conditions imposed during the era of sanctions led to the blooming of the Iranians’ genius”.
Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 37 cents, or 0.5%, to $78.28 a barrel.
Islamabad has expressed an interest in completing the much-delayed Iran-Pakistan (IP) gas pipeline project, said Iran’s oil minister on Wednesday.
Iran’s Oil Minister Javad Owji on Wednesday said Israel was behind the sabotage attacks on two gas transmission pipelines last week.
Brent crude futures rose 30 cents or 0.36% to $82.64 a barrel by 0324 GMT, while U.S. West Texas Intermediate crude futures (WTI) were up 26 cents or 0.34% at $77.3.
The chief executive of Iran’s Pars Special Economic Zone Organization said Iran has outpaced Qatar in the extraction of gas from joint fields.
The National Iranian Oil Company (NIOC) managing director said too much bureaucracy causes a long delay in signing contracts.
The enemy failed to achieve its goals behind the terrorist attacks on gas transmission pipelines thanks to the Iranian officials’ swift action, said a member of the Parliament’s Energy Committee on Monday.
top executive of state-owned Abu Dhabi National Oil Company (ADNOC) on Monday said the company's strategy was anchored around gas output and that Egypt has been identified as a market with a lot of potential.
Brent futures ticked up 3 cents to $83.59 a barrel by 0757 GMT. U.S. West Texas Intermediate (WTI) crude for April delivery inched up 2 cents to $78.48 a barrel
The Pakistan-Iran gas pipeline project unfolds as a strategic partnership, providing affordable energy and sparking dialogue on energy independence. The 781-kilometer pipeline stretches from Gwadar to Nawabshah, promising an era of economic revival and energy security.
The enemy failed to achieve its goals behind the terrorist attacks on gas transmission pipelines thanks to the Iranian officials’ swift action, said a member of the Parliament’s Energy Committee on Monday.
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.
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.
Managing Director of the National Iranian Gas Company (NIGC) Majid Chegeni, in a message, said on Sunday the country thwarted the sinister plots of the enemies who exploded gas pipelines in terrorist attacks.