India will secure about 10% of its LPG needs from the U.S. under a one-year deal that both narrows its trade surplus with Washington and helps hedge against U.S. pressure over Russian oil imports.
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The CEO of Isfahan Oil Refinery said the refinery’s flare gas recovery project has reached 85% physical progress and is scheduled to come online by the end of 2025. The project is being implemented with a budget of more than 6.8 million euros and 520 billion rials.
Canada faces fresh internal conflict as Alberta demands fast-track approval for a new oil sands-to-Pacific pipeline to slash reliance on U.S. markets and reach Asia, while British Columbia’s premier denounces the multibillion-dollar project as a “fantasy,” intensifying the cross-country energy showdown.
Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state's Gulf Coast.
The Aghar–Dalan, Dey, and Sefidzakhur operational region in Iran has completed its annual overhaul under difficult conditions and is prepared for maximum gas production in the cold season.
Brent crude oil prices declined by 96 cents, or 1.5%, settling at $62.42 per barrel. U.S. West Texas Intermediate (WTI) crude also fell 1.8%, or $1.03, to $57.97 per barrel.
According to reports in Serbian media, the United Arab Emirate’s national oil company Abu Dhabi National Oil Company (ADNOC) is the most likely buyer of the Russian majority stake in the Petroleum Industry of Serbia (NIS).
Iran has released a foreign-flagged tanker it seized in the Persian Gulf last week after offloading its cargo, a report has said.
The president of Iran underscored the need for fundamental reforms in the energy sector, saying the government plans to gradually replace household gas consumption with electricity to free up more natural gas for industry and boost national value creation.
Brent crude futures rose 16 cents, or 0.25 percent, to $63.67 a barrel, while U.S. West Texas Intermediate crude futures rose 17 cents, or 0.29 percent, to $59.61.
State-run Oil India has partnered with France's TotalEnergies for technological support in its exploration activities in challenging deepwater areas. The two companies signed a technology service agreement on Wednesday.
Shahram Ahmadi, director general for health, safety and environment at Iran’s Oil Ministry, said process safety management is the industry’s top strategy to secure production stability and cut losses, with nearly 90 percent of oil companies already implementing the system.
The head of the CNG project at the National Iranian Oil Products Distribution Company said the country has saved $75 billion in gasoline consumption since the start of its CNG industry.
Brent crude futures fell 22 cents, or 0.3 percent, to $64.67 a barrel. U.S. West Texas Intermediate crude futures fell 17 cents, or 0.3 percent, to $60.57 a barrel.
The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with a wind-down period for US sanctions set to end this Friday.
The roll-up operation for the four-legged jacket of the Farzad B shared gas field platform was successfully carried out at the Khorramshahr industrial yard.
Brent crude futures fell 46 cents, or 0.72 percent, to $63.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 45 cents, or 0.75 percent, to $59.46 a barrel.
Indian state-owned oil refining companies Indian Oil, Bharat Petroleum, and Hindustan Petroleum have signed their first long-term deal to import 2.2 million tons of U.S. liquefied petroleum gas (LPG) in 2026, as reported by Bloomberg.
Iranian Oil Minister Mohsen Paknejad said the country’s oil and gas sector recorded an eye-catching growth in the last Persian calendar year (ended on March 20).
The fresh water production capacity at South Pars Gas Complex’s Refinery 10 has increased to 200 cubic meters per hour following specialized maintenance and innovative operational measures.