Today is the ninth anniversary of the OPEC+ Declaration of Cooperation, signed in Vienna on December 10, 2016, which reshaped global energy markets through unprecedented collaboration between OPEC and non-OPEC producers.
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Iran’s 14th administration has rolled out coordinated fuel and vehicle initiatives to reduce emissions and improve urban air quality.
Brent crude futures rose by 19 cents (+0.3%) to $62.13 per barrel. U.S. West Texas Intermediate (WTI) futures also gained 19 cents (+0.3%), reaching $58.44 per barrel.
Adam Waterous, a 64‑year‑old Canadian financier, aims to transform Strathcona Resources into a North American energy powerhouse by more than doubling crude output to 300,000 barrels per day by 2035.
India’s state-owned oil behemoth, Indian Oil Corp (IOC), has kicked off a tender hunt for a liquefied natural gas (LNG) cargo slated for January delivery, according to two insiders in the energy trade.
PGPIC’s CEO announced that research and development boosted production by 7%, adding 590 trillion rials in revenue while reducing costs by 180 trillion rials.
Brent crude oil fell by 7 cents, or 0.1%, to $62.42 per barrel. U.S. West Texas Intermediate crude declined by 13 cents, or 0.2%, to $58.75 per barrel.
The Kremlin stated on Monday that India will continue to purchase oil from any source that offers the most commercially advantageous terms, underscoring New Delhi’s pragmatic approach to energy security.
Putin issued a decree permitting transactions over Rosneft-Shell’s 7.5% stake in the Caspian Pipeline Consortium, a key route for Kazakh oil exports.
Iran launched its first SME 100 ranking, a joint IMO–ISIPO initiative to identify top-performing small and medium enterprises through structured evaluation.
Brent crude futures fell 25 cents, or 0.4 percent, to $63.50 a barrel, while U.S. West Texas Intermediate crude fell 25 cents, or 0.4 percent, to $59.83.
TotalEnergies has agreed to combine its British North Sea oil and gas assets with NEO NEXT Energy, the Repsol and HitecVision-backed platform, creating what will become the basin’s largest producer.
India and Nepal are accelerating their economic integration with a series of high-impact projects and policy reforms that span trade facilitation, clean energy, digital payments and cross-border infrastructure, Nepali and Indian sources reported on Sunday.
The acting director of the Aban and Paydar-e Gharb oil field development and production enhancement project said the company has prioritized bringing the “Sarvak” oil layer online as its main strategy to stabilize and increase output from the two fields.
Hamed Asgari of ICCIMA emphasized that Iran’s private sector is prepared to lead in boosting economic ties with Kazakhstan during the president’s trade delegation visit.
Iran’s transport minister highlighted that commercial relations with the UAE could grow significantly, given the two countries’ strong historical, geographic, and cultural ties.
India’s ONGC has secured a deal with Moscow enabling its overseas unit, ONGC Videsh, to keep its 20% stake in Russia’s Sakhalin-1 oil and gas project.
At a summit with Prime Minister Narendra Modi, President Vladimir Putin pledged steady energy supplies to India while urging stronger defence and economic cooperation, even as New Delhi faces growing U.S. pressure over its reliance on Russian oil and arms.
Iran’s Petrochemical Employers Association emphasized that adopting modern technologies to curb pollution and fostering balanced growth through skilled human resources are key to national progress.
The CEO of the National Petrochemical Company said the Bidboland Persian Gulf Gas Refining Complex, the country’s largest flare gas recovery project, is now receiving 80% of its feedstock capacity and is supporting petrochemical plants.