Indian Oil Corporation (IOC) bought five million (mn) barrels of crude oil via a tender, trade sources said.
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Deputy oil minister for gas affairs said the country faces a difficult year ahead in addressing energy imbalances, emphasizing that the residential and commercial sectors hold significant potential for reducing natural gas consumption.
Brent crude oil futures fell by 75 cents, or 0.79%, to $94.23 per barrel. U.S. West Texas Intermediate (WTI) crude futures also dropped 85 cents, or 0.92%, to $91.31 per barrel.
Venezuela's oil exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday.
Kazakhstan’s Energy Minister Yerlan Akkenzhenov held a meeting with Türkiye’s Minister of Energy and Natural Resources Alparslan Bayraktar on the sidelines of the BEW 2026 International Energy Forum in Baku, citing Kazakhstan’s Ministry of Energy.
Sixty-three kilometers of Iran's National Gas Line 7 have undergone a thorough cleaning operation, officials announced. The maintenance, known as pigging, was conducted within the operational area of the 10th Gas Transmission Operations region.
Brent crude futures rose $2.78 (up 3.05%) to $93.9 per barrel. U.S. West Texas Intermediate (WTI) crude futures climbed $2.88 (up 3.3%) to $90.24 per barrel.
Wildfire season has returned to Canada's oil sands region, with seven active blazes in the area on Sunday raising risks for communities, workers, companies and investors.
India's largest state-run refiner and fuel retailer, Indian Oil Corporation, has raised the price of a 19 kilogram commercial LPG cylinder for industrial clients by 42 rupees ($0.4421) to 3,113.50 rupees from 3,071.5 rupees, according to its website.
Brent crude futures fell by 34 cents, or 0.3%, to $94.05 per barrel. U.S. West Texas Intermediate (WTI) crude futures remained largely unchanged at $88.89 per barrel.
India has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days' demand, Sujata Sharma, a joint secretary in the federal oil ministry said on Friday.
Canada and the United States must do more to remove political risks around pipeline permitting, the head of South Bow Ltd. SOBO-Tsays, as the company finalizes a call for volume commitments on its planned Prairie Connector line.
The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz.
Brent crude futures rose by $1.75, or 1.86%, to $96.04 per barrel. U.S. West Texas Intermediate (WTI) futures rose by $2.08, or 2.35%, to $90.76.
Bharat Petroleum Corporation Limited (BPCL) has appointed Pushp Kumar Nayar as Director (Human Resources), strengthening the leadership bench at a time when India’s energy sector is balancing operational scale, workforce transformation and digital capability building.
Iran’s Energy Minister stated that targeting water and energy facilities is a direct threat to global security and public health, and by presenting six proposals, called for the formation of a regional assembly for water and climate cooperation.
Brent crude oil futures dropped by $3.11 (a 3.12% decrease) to $96.47 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell by $3.64 (a 3.88% decrease) to $90.25 per barrel.
Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia, according to people familiar with the matter.
Turkey will build a 97-kilometer subsea natural gas pipeline to Northern Cyprus to bolster energy security and potentially link Eastern Mediterranean gas reserves to European markets, Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced.
Brent crude futures rose by $2.03, or 1.86%, to $111.29 per barrel. U.S. West Texas Intermediate (WTI) crude futures also climbed $2.31, or 2.19%, to $107.73 per barrel.