Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook from the world's top crude importer China remained uncertain.
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Julie Joly, Director of oil and gas programmes, Global Energy Monitor, USA, explains how the transition fuel myth drives the gas glut in Asia and beyond.
Germany's gas supply is much better than it was a year ago, the country's energy regulator said on Thursday, still refraining from giving the all-clear as there is limited visibility on how harsh winter temperatures are going to be.
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, India's oil minister said on Wednesday, days after the U.S. temporarily lifted sanctions on OPEC member Venezuela's oil sector.
Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold.
Iran oil proceeds topped $80 billion under lax sanctions enforcement.
With petroleum producers remaining disciplined and spending well below their cash flow levels, the Canadian sector should be in a healthy spot in 2024.
In October, India imported 1.55 million barrels per day (bpd) of crude oil from Russia, as against 1.62 million bpd in the previous month. Russian oil constituted almost 34 percent of total crude oil imports by India in the month.
Top oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little changed to Asia after five months of price hikes, as the market, rattled by geopolitical tensions, juggles supply uncertainty with declining demand.
Oil prices rose more than 1% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus.
RoydadNaft – Iranian Oil Ministry has signed 12 deals worth $34 million with various knowledge-based companies over the past year, IRNA reported.
As reported, the National…
Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.
Oil Minister Javad Owji on Wednesday announced that Iran’s oil production has reached 3.4 million barrels per day (bpd).
RoydadNaft – The cabinet approved incentives to investment in the gas industry with the aim of redressing imbalance, said Iran’s government spokesman on Wednesday.
Indian Oil Corp Ltd (IOC) reported a profit for the second-quarter on Tuesday, compared to a loss year ago, as the country's top refiner benefited from higher refining margins.
Oil prices rebounded in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East offset dismal China data.
RoydadNaft – While most outlets have been harping on the $6 Billion in aid recently released to Iran by the Biden Administration, Rare would like…
A member of Iran’s Parliament on Tuesday praised the Oil Ministry for doubling exports and getting the revenue over the past two years.
The CEO of India's Petronet LNG said on Monday he hoped negotiations between India and Qatar to extend their long-term liquefied natural gas import deals beyond 2028 would not be harmed by a diplomatic row between the countries.
Oil slipped more than 1% on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution ahead of this week's U.S. Federal Reserve meeting and other indications of global economic health.