Brent crude rose $1.12, or 1.6 percent, to $69.27 a barrel, while U.S. West Texas Intermediate crude rose $1.77, or 2.77 percent, to $65.78 a barrel.
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Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Syrian oil in 14 years.
Bloomberg reported Sunday that India has turned to the spot market to secure shipments of Libyan oil, amid Washington’s efforts to choke off the flow of Russian crude into the country.
Iran’s oil industry aims to bring more than €3.7 billion worth of strategic projects online by the end of this year, focusing on boosting oil and gas production and processing capacity to ensure the country’s energy stability.
The CEO of the National Iranian Oil Company emphasized the necessity of revising overhaul plans and focusing on sustainable and maximum gas production for the winter season.
Brent crude rose 83 cents, or 1.2 percent, to $68.31 a barrel. U.S. West Texas Intermediate crude rose 83 cents, or 1.3 percent, to $64.84.
French oil major TotalEnergies has been awarded an exploration permit for the Nzombo area off the coast of the Republic of Congo, close to its already operational Moho facilities, it said on Monday.
India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday.
Iran Gas Transmission Company stably supplied 260 billion cubic meters of natural gas across the country in the 12-month period from September 2024 to August 2025, the company's managing director announced.
The managing director of Petropars said plans are underway to begin gas production from the second platform of Phase 11 in the South Pars gas field by fall 2027.
The National Iranian Oil Company aims to boost daily gas production to 1.35 billion cubic meters by the end of the country’s Seventh Development Plan (2024-28), the company’s chief said Saturday.
New Delhi has called the targeting of India over the purchase of Russian oil “unjustified and unreasonable” and said these imports began as its traditional supplies were diverted to Europe, with the US having “actively encouraged such imports by India for strengthening global energy markets stability”.
The Pars Oil and Gas Company announced plans to complete and bring into production new wells under its South Pars infield drilling program, aiming to raise daily gas output from the shared field by more than 15 million cubic meters by the end of the year.
Iran’s National Iranian Oil Company signed a memorandum of understanding Saturday with IMIDRO, steel companies and MAPNA Group to develop the Halegan and Shahini gas fields in southern Fars province.
Brent crude futures fell 39 cents, or 0.6 percent, to $68.23, while West Texas Intermediate (WTI) crude futures fell 39 cents, or 0.6 percent, to $64.21.
Russian oil exports to India are set to rise in September, dealers said, as New Delhi defies U.S. punitive tariffs designed to force the country to stop the trade and push Moscow towards a peace deal with Ukraine.
Turkey's energy imports increased in June due to increased household and industrial demand, with natural gas inflows rising 36.9% and oil and petroleum product imports rising 5.9%.
Brent crude futures fell 50 cents, or 0.73 percent, to $67.55, while West Texas Intermediate (WTI) crude futures fell 51 cents, or 0.80 percent, to $63.64.
Adnoc Gas has signed a 15-year sales and purchase deal to supply liquefied natural gas to the state-backed Indian Oil Corporation, amid growing energy demand in India and an aim to improve its energy security.
Azerbaijan has reached an agreement to extend the delivery of natural gas to the Nakhchivan Autonomous Republic through Iranian territory.