Iran ranked as the world’s third-largest holder of proven oil reserves after Venezuela and Saudi Arabia.
NEWS Feed Atom
Liquefied natural gas (LNG) has become the most sought-after emergency energy source globally following Russia's invasion of Ukraine due to its quick availability and location-specific transport.
The global price of crude oil today, September 6, 2024
Brent futures were down 1 cent to settle at $72.69 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 5 cents, or 0.1%, to settle at $69.15.
India's envoy to Moscow, Vinay Kumar, announced that Russia remains India's largest partner in the energy sector, with plans to expand cooperation in the coming years.
OPEC Plus alliance members extend voluntary supply reduction of 2,200,000 barrels per day until November 2024, starting gradual supply increase plan from December 1st.
The global price of crude oil today, September 5, 2024
Brent crude rose 42 cents, or 0.6%, to $73.12 a barrel by 0810 GMT. U.S. West Texas Intermediate crude for October was up 37 cents, or 0.5%, at $69.57.
The Islamic Republic of Iran Customs Administration's chief says oil and mazut exports from the country generated some $19.5 billion in revenues in the first five months of the Iranian year.
OPEC Secretary General Haitham Al Ghais has acknowledged that Iran made significant progress in its oil industry in recent years despite crippling sanctions imposed on the country by the United States.
The global price of crude oil today, September 4, 2024
Brent crude futures fell 0.6% to $73.32 in November, while U.S. West Texas Intermediate crude futures fell 0.7% to $69.85 in October.
ONGC, India's largest oil and gas explorer, is considering an $8.3-billion refinery and petrochemicals project in the Indian state of Bihar to meet rising fuel demand.
Iran's petrochemical export value increased by 12.8% in the first five months of the current Iranian calendar year, according to the head of the Islamic Republic of Iran Customs Administration.
On the eve of the 64th anniversary of the founding of OPEC, the Secretary General of OPEC Haitham al-Ghais announced that the organization “has an instrumental role to play for decades to come on the path towards an inclusive energy transition for our global energy future.”
The global price of crude oil today, September 3, 2024
Brent crude futures were down 17 cents, or 0.2%, to $77.35 a barrel by 0620 GMT. West Texas Intermediate crude futures, were up 50 cents, or 0.7%, at $74.05 a barrel.
French oil company TotalEnergies has approved a $444 million investment deal with Indian Adani Green Energy, advancing plans for a joint venture.
announced by Mohammad Rezvanifar, the head of the Islamic Republic of Iran Customs Administration, Iran has exported $19.5 billion of crude oil and fuel oil in the first five months of the current Iranian calendar year.
Iranian Minister of Petroleum Mohsen Paknejad has appointed Saeed Tavakoli as the new CEO of the National Iranian Gas Company (NIGC).
The world price of crude oil today, September 2, 1983
Brent crude futures were down 21 cents, or 0.3%, at $76.72 a barrel by 0815 GMT while U.S. West Texas Intermediate crude slipped 14 cents, or 0.2%, to $73.41.
Iraq plans to offer ten gas exploration blocks to US companies during a visit to the US, as part of its efforts to boost gas production.
On the 65th establishment day of Indian Oil Corporation Limited (IOCL), Union Minister of Petroleum and Natural Gas Hardeep Singh Puri lauded the company for its role in protecting Indian citizens from global fuel price hikes over the past three years.
Iran and Turkmenistan on Wednesday signed an important energy agreement under which the two neighbors will expand gas swap cooperation.