RoydadNaft – U.S. crude oil production hit a monthly record in August 2023, with an average output of 13.05 million barrels per day, breaking the…
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Governments are implementing bans on single-use plastics and encouraging recycling, but broader actions are needed to tackle the overall production and consumption of petrochemicals.
RoydadNaft – India’s Russian oil imports eased in October after discount prices narrowed, although supply from Saudi Arabia rose, according to preliminary data from ship…
RoydadNaft – Russia’s energy ministry said on Friday it expects the country’s exports of crude oil and petroleum products to fall in November by more…
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.
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 the relationship between nations, trade plays a significant role. Central to the ties between New Delhi and Doha is LNG, the fuel on which India is critically dependent — and of which Qatar is the predominant supplier. This is the context in which diplomacy around the eight Indians on death row will take place.
Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to India in September, replacing some crude oil volumes, traders said and LSEG data showed.
Indian Oil said that at present the company can fully meet the domestic demand and also aims to export the fuel in future by ramping up the existing capacity. Reference fuels are required by automobile manufacturers for developing engines and assessing vehicles’ performance to ensure operability in all the global climatic conditions.
Iraq's Prime Minister Mohammed Shia Al-Sudani said on Tuesday that foreign oil companies operating in the Kurdish region informed his government that if an agreement is reached on oil production costs and contracts, they will resume oil production within a month.
Linde (NYSE:LIN) announced today that its entities in India have signed long-term agreements for the supply of industrial gases to Indian Oil Corporation's Panipat refinery in Northern India.
Canadian oil and gas producers, service firms and financers predict a “moderate growth” year in 2024 as new overseas export outlets surface on the Pacific coast of British Columbia (BC), according to ATB Capital Markets Inc.
The reliance on imported crude in April-September was also higher than the previous fiscal’s 87.4 per cent, which was the highest-ever for a full year.
The International Energy Agency (IEA) sees the current level of oil storage in member states sufficient to take action if required to stabilise oil markets, and sees no need to increase strategic reserve requirements, an official said on Tuesday.
Russia's Gazprom will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 million cubic metres this year on top of contractual obligations, TASS news agency quoted its boss Alexei Miller as saying.
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
The International Monetary Fund (IMF) in its latest Regional Economic Outlook report for the Middle East, North Africa and Central Asia has ranked Iran 26th among the countries of the mentioned regions in terms of foreign debt.
The South Pars Gas Complex (SPGC), an affiliate of the National Iranian Gas Company (NIGC), was established on October 20, 1998 to operate onshore facilities of phases of the South Pars gas field.
The CEO of Masjid Sulaiman Petrochemical Industries announced the increase in the production capacity of chemical products in this company in current October.
Iran’s petrochemical production in the first six months of the current Iranian calendar year (March 21-September 22) has risen seven percent compared to the same period of time in the past year, according to an official in the National Petrochemical Company (NPC).