Brent crude futures fell 23 cents, or 0.3%, to $77.36 a barrel at 0913 GMT, while U.S. West Texas Intermediate crude futures slipped 15 cents, or 0.2%, to $72.09.
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India’s Oil and Natural Gas Corp (ONGC) has successfully produced the first oil from the deepwater KG-DWN-98/2 Block, located off the coast of the Bay of Bengal.
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.
Brent crude futures rose $1.32, or 1.73%, to $77.44 a barrel at 1049 GMT, while U.S. West Texas Intermediate crude futures gained $1.25, or 1.77%, to $72.02 a barrel.
RoydadNaft – Iran’s petrochemical industry is a key non-oil revenue generator. Despite oil sanctions, Iranian petrochemical manufacturers have managed to find new markets and have…
Preregistration for the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2024, will start on January 20 and continue until January 24, the National Iranian Oil Company (NIOC) reported.
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and trade sources said.
Brent crude slipped 0.93%, or 73 cents, to $78.03 a barrel by 0753 GMT after falling more than 1% earlier in the session, while U.S. West Texas Intermediate crude futures shed 1.04%, or 77 cents, to $73.04 a barrel.
The National Iranian Gas Company managing director on Sunday said NIGC plans to invest up to $2 billion in the knowledge-based sector within the next few years.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the executive operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant will begin within the next few months.
The managing director of Zanjan Province Gas Company said 117 villages of Iran’s northwestern province have been supplied with gas since the 13th administration took office in August 2021.
Turkmenistan and the Republic of Azerbaijan are holding a discussion about the resumption of gas swap, said the National Iranian Gas Company (NIGC) on Saturday.
Oil and Natural Gas Corporation (ONGC) emerged as the dominant player in the Open Acreage Licensing Policy (OALP-VIII) bid round, securing seven out of ten blocks.
Finland's gas system operator said on Friday it had invoked its right to order a rapid extra delivery of liquefied natural gas (LNG) to ensure market balance amid a surge in demand driven by a prolonged cold spell that drove up electricity prices.
Brent crude futures settled up $1.17, or 1.51%, at $78.76 a barrel. U.S. West Texas Intermediate crude futures finished up $1.62, or 2.24%, at $73.81.
The head of the National Iranian Gas Company (NIGC) said 90 percent of the country’s rural areas are going to be supplied with gas through the national gas network by the end of the current Iranian calendar year (March 19), Shana reported.
India approved signing a 5-year memorandum of understanding (MoU) with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.
India plans to halve the amount of equity investment to $1.8 billion for 2023/24 to help fund three state oil refiners' green energy projects, four government and industry sources said, as the federal government seeks to curb its fiscal deficit.
Brent crude futures were up 44 cents, or 0.57%, to $78.03 a barrel, while U.S. West Texas Intermediate crude futures rose 57 cents, or 0.79%, to $72.76 at 1032 GMT.
China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer, refinery and trade sources said.