The value of trade between Iran and India stood at $652 million in the first four months of 2025, India's Ministry of Commerce and Industry reported.
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Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.
Brent crude futures rose 20 cents, or 0.29 percent, to $69.38 a barrel, the highest in a week. U.S. West Texas Intermediate crude futures rose 20 cents, or 0.30 percent, to $66.23.
Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.
India’s natural gas consumption is expected to reach 103 billion cubic meters (bcm) per year by 2030, up nearly 60% from current levels, a top official said on Thursday.
The South Pars Gas Complex's Fifth Refinery is undergoing a major overhaul for 2025, utilizing domestic engineering expertise and locally manufactured equipment.
Brent crude futures rose 54 cents, or 0.8 percent, to $69.05 a barrel. U.S. West Texas Intermediate crude futures rose 58 cents, or 0.9 percent, to $65.83 a barrel.
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, the French oil major's worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales.
Iran has reduced its daily diesel consumption by an average of five million liters in 2025, compared to the previous year, driven by tighter consumption management and enhanced fuel smuggling controls, a senior oil official said.
Another tanker will not load fuel from India’s Nayara Energy refinery, which is under sanctions. This is the second such vessel to alter plans due to European Union restrictions, Reuters reports.
Brent crude futures rose 21 cents, or 0.31 percent, to $68.80 a barrel. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.26 percent, to $65.48 a barrel.
TotalEnergies and CMA CGM have formed a joint venture to operate a LNG bunker supply solution at Rotterdam's Dutch port.
Indian refiners' crude throughput declined by 4.2% month-on-month in June to 5.41 million barrels per day (22.13 million metric tons), according to provisional government data released on Tuesday.
Power plants accounted for nearly half of the nation's total natural gas consumption in the week ending July 18, using over 2.024 billion cubic meters, with stable demand from power plants and fluctuating residential usage.
The deputy CEO of the National Iranian Oil Products Distribution Company (NIOPDC) emphasized the necessity of interagency cooperation to prevent off-network fuel distribution and the importance of using personal fuel cards.
Brent crude futures fell 53 cents, or 0.8 percent, to $68.68 a barrel. U.S. West Texas Intermediate crude fell 63 cents, or 0.9 percent, to $66.57 a barrel.
The European Union's delayed ban-effective January 21 next year-on fuels made from Russian crude offers temporary relief, but its restrictive definition of such fuels could pose a challenge to Indian exporters.
Iran’s Minister of Energy Abbas Aliabadi highlighted a strong private sector appetite for investment in renewable energy projects, revealing a demand exceeding 78,000 megawatts across the country.
The CEO of the National Petrochemical Company announced the issuance of a directive to ensure production continuity in the petrochemical industry during critical and emergency conditions, aiming for stable output and meeting the needs of downstream industries.
Brent crude futures were down 12 cents, or 0.2 percent, at $69.16 a barrel after falling 0.35 percent on Friday. U.S. West Texas Intermediate crude was flat at $67.34 after falling 0.3 percent in the previous session.