The head of the National Iranian Gas Transmission Company (NIGTC) stated that 99% of Iran's gas transmission equipment and facilities are domestically-made, indicating near-self-sufficiency in the industry.
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Global Crude Oil Price Today October 1, 2024
Brent crude futures for December delivery edged up 13 cents, or 0.18%, to $71.83 a barrel as of 0615 GMT. U.S. West Texas Intermediate crude futures for November delivery gained 14 cents, or 0.21%, to $68.31.
The president of Iran Masoud Pezeshkian has hailed a long-term natural gas supply deal with Russia's Gazprom that will help the country turn into a regional gas hub, bne Intellinews reports, citing a statement during a visit by Russia's Prime Minister Mikhail Mishustin.
Global oil prices today September 30, 2024
Brent crude futures gained $1.12, up 1.56% to $73.10 a barrel. U.S. West Texas Intermediate crude futures advanced 93 cents, or 1.36%, to $69.11 a barrel.
Mexico’s Pemex has shipped its first fuel export cargo from the newly constructed Olmeca refinery to India, after facing some delays and escalating costs.
Kuwait's national oil company has declared a state of emergency over an oil leak in one of its southwestern oil fields.
The CEO of the National Iranian Gas Company (NIGC), Saeed Tavakoli, emphasized the importance of reducing accidents to zero in the gas industry and prioritizing human capital.
Iranian Energy Minister Abbas Ali-Abadi and South African Minister of Mineral Resources and Energy Samson Gwede Mantashe emphasized the expansion of energy cooperation between the two countries.
India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which has been sanctioned by Western countries, Indian Oil Secretary Pankaj Jain said on Sept. 27, Reuters reported.
Global Crude Oil Price Today September 27, 2024
Brent crude futures were up 8 cents, 0.1%, at $71.68 per barrel, as of 0840 GMT, while U.S. West Texas Intermediate crude futures were up 6 cents, also 0.1%, to $67.73.
India increased oil imports from Russia in 2024, retaining its main supplier status. Raw material payments increased by nearly $6 billion due to reduced discounts, freight costs, and higher oil prices.
The U.S. Treasury Department on Wednesday imposed sanctions on more than a dozen organizations and vessels over their involvement in Iranian crude oil and liquefied petroleum gas shipments to Syria and East Asia.
Iranian companies are prepared to enter the Central Asian oil industry's upstream and downstream activities, according to Iranian Minister of Petroleum Mohsen Paknejad and Tajikistan's Minister of Energy and Water Resources Daler Juma.
Global Crude Oil Price Today September 26, 2024
Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to $68.51 per barrel.
British energy giant BP is holding a board meeting in India as it seeks to explore new opportunities in the country’s oil and gas sector, reported Reuters.
Global Crude Oil Price Today September 25, 2024
Brent crude futures were down 8 cents, or 0.1%, at $75.09 a barrel at 0844 GMT. U.S. West Texas Intermediate crude was down 13 cents, or 0.2%, at $71.43 per barrel.
Iranian Minister of Petroleum Mohsen Paknejad has said that under the previously made agreements, he hopes to witness the holding of the joint economic cooperation commission between Iran and Saudi Arabia soon.
Global Crude Oil Price Today September 24, 2024
Brent crude futures were up $1.34, or 1.8%, at $75.24 a barrel by 0853 GMT. U.S. WTI crude futures rose $1.38, or 2%, to $71.75.
India's largest oil and gas bid round saw four bidders, including ONGC, OIL, Vedanta Ltd, and Reliance-bp plc, with most blocks receiving two bids each.
The National Iranian Oil Company’s CEO Hamid Bovard appointed Ibrahim Piramoun as the CEO of the National Iranian South Oil Company (NISOC) and the principal member of its board of directors.