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Canada’s long-delayed Trans Mountain pipeline plans line fill for March or May

2 years ago

4 January 2024

12:41 PM

Trans Mountain Corp plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing on Wednesday.

Oil extends gains on Middle East supply worries

2 years ago

4 January 2024

12:38 PM

Brent crude rose 70 cents, or 0.9%, to $78.95 a barrel by 1148 GMT while U.S. West Texas Intermediate crude futures rallied 74 cents, or 1%, to $73.44.

Oil prices finish higher after deadly blasts in Iran

2 years ago

4 January 2024

12:31 PM

Oil futures settled higher Wednesday after reports of fatalities following explosions at a ceremony held to mark the four-year death anniversary of Shaheed Qasim Soleimani.

Oil minister extends condolences over deadly terrorist attacks in SE Iran

2 years ago

4 January 2024

12:16 PM

Oil Minister Javad Owji, in a message, expressed his heartfelt condolences on the martyrdom of more than 100 people in the twin terrorist attacks in Kerman, a city in southeastern Iran, on Wednesday.

Saskatchewan Drops Canada Emissions Tax from Heating Bills

2 years ago

3 January 2024

11:49 AM

Canada’s Saskatchewan province has removed the national fuel emissions charge, or carbon tax, from state-provided electric and natural gas heating, in a relief for families during the winter.

India’s Russian oil imports drop on pricing, not due to payment woes

2 years ago

3 January 2024

11:40 AM

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, oil minister Hardeep Singh Puri said on Wednesday.

Oil prices edge lower with investors cautious ahead of U.S. data

2 years ago

3 January 2024

11:37 AM

Brent crude fell 39 cents to $75.50 a barrel by 1056 GMT, while U.S. West Texas Intermediate crude futures slipped 51 cents to $69.87 a barrel.

Iran’s Assaluyeh Dock No. 17, first homegrown cryogenic loading arm operational

2 years ago

3 January 2024

11:31 AM

Dock No. 17 of Assaluyeh Port in Iran’s southern province of Bushehr and the first domestically-built cryogenic loading arm were put into operation in the presence of the National Petrochemical Company (NPC) managing director.

India hikes windfall tax on crude oil

2 years ago

2 January 2024

11:26 AM

India has hiked the windfall tax on crude oil while reducing the tax on diesel and aviation turbine fuel, according to a government notification.

Russian pipeline gas exports to Europe down 56% in 2023 – Reuters calculations

2 years ago

2 January 2024

11:23 AM

Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic metres (bcm) in 2023, Reuters calculations showed on Tuesday.

Oil prices jump after U.S. forces repel Houthis in Red Sea

2 years ago

2 January 2024

11:20 AM

Brent crude rose $1.28, or 1.7%, to $78.32 a barrel by 0438 GMT while U.S. West Texas Intermediate crude was at $72.69 a barrel, up $1.04, or 1.5%.

Over 61.7m tons of oil products loaded, unloaded in ports in 9 months

2 years ago

2 January 2024

11:09 AM

As reported by Iran’s Ports and Maritime Organization (PMO), 61,741,198 tons of oil products were loaded and unloaded in the ports of country during the first nine months of the present Iranian calendar year (March 21-December 21, 2023).

India Slashes Domestic Natural Gas Prices, Introduces Monthly Adjustments; Find Details

2 years ago

1 January 2024

12:02 PM

India has reduced domestic natural gas price to $7.82 per mmBtu, the lowest level since July 2023, effective from January 1 to January 31, 2024.

Petchem industry fetched Iran $61b in five years, says APIC SG

2 years ago

1 January 2024

11:22 AM

Iran's Association of Petrochemical Industry Corporation (APIC) secretary general said domestic petrochemical industry has fetched $61 billion over the past five years.

Iran’s Arya Sasol Polymer Company sets new output, sales records

2 years ago

1 January 2024

11:16 AM

Iran’s Arya Sasol Polymer Company has achieved record production and sales, said the ASPC managing director.

Reuters says OPEC facing declining demand and shrinking market share in early 2024

2 years ago

1 January 2024

11:08 AM

OPEC is facing weakening demand for its crude in the first half of 2024 just as its global market share declines to the lowest since the COVID-19 pandemic on the back of output cuts and member Angola's exit, according to Reuters calculations and data from forecasters.

India’s Russian crude imports prevented price surge in global oil market

2 years ago

31 December 2023

11:46 AM

In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war.

Ecuador, Indigenous group reach deal to end oil field blockade

2 years ago

31 December 2023

11:33 AM

Ecuador has reached an agreement with an Indigenous community in the country's Orellana province to end the group's blockade of oil projects in the area, the ministry of energy and mining said on Saturday.

Oil prices shed 10% in 2023 as supply, demand concerns weigh

2 years ago

30 December 2023

11:29 AM

Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents or 0.14%. U.S. West Texas Intermediate crude settled at $71.65 a barrel, down 12 cents or 0.17%.

Iran’s annual petrochemical production capacity to top 95 million tons, says NPC chief

2 years ago

30 December 2023

10:51 AM

Iran’s annual petrochemical production capacity will surpass 95 million tons (mt) by the end of the current Iranian calendar year (March 19, 2024), said the National Petrochemical Company (NPC) managing director.

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Latest News of Oil, Gas and Petrochemical industry

NEWS Feed Atom

Canada’s long-delayed Trans Mountain pipeline plans line fill for March or May

Oil extends gains on Middle East supply worries

Oil prices finish higher after deadly blasts in Iran

Oil minister extends condolences over deadly terrorist attacks in SE Iran

Saskatchewan Drops Canada Emissions Tax from Heating Bills

India’s Russian oil imports drop on pricing, not due to payment woes

Oil prices edge lower with investors cautious ahead of U.S. data

Iran’s Assaluyeh Dock No. 17, first homegrown cryogenic loading arm operational

India hikes windfall tax on crude oil

Russian pipeline gas exports to Europe down 56% in 2023 – Reuters calculations

Oil prices jump after U.S. forces repel Houthis in Red Sea

Over 61.7m tons of oil products loaded, unloaded in ports in 9 months

India Slashes Domestic Natural Gas Prices, Introduces Monthly Adjustments; Find Details

Petchem industry fetched Iran $61b in five years, says APIC SG

Iran’s Arya Sasol Polymer Company sets new output, sales records

Reuters says OPEC facing declining demand and shrinking market share in early 2024

India’s Russian crude imports prevented price surge in global oil market

Ecuador, Indigenous group reach deal to end oil field blockade

Oil prices shed 10% in 2023 as supply, demand concerns weigh

Iran’s annual petrochemical production capacity to top 95 million tons, says NPC chief