Brent crude futures rose 90 cents, or 1.3 percent, to $68.54 a barrel, while U.S. West Texas Intermediate crude rose 92 cents, or 1.4 percent, to $66.08 a barrel.
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Despite new European Union (EU) sanctions and warnings from the United States, state-run Indian oil companies are expected to continue purchasing Russian crude using dirhams for payment, according to officials cited by Moneycontrol.
Liquefied propane was the primary non-oil product exported by Iran in the first four months of the current Iranian calendar year, according to IRICA's head.
Gas Transmission Operations District 10 completed pigging operation on Sixth National Gas Pipeline in Bushehr Province under extreme heat to improve gas flow safety and reliability during peak consumption periods.
Iran's petrochemical industry, set to boost non-oil exports and foreign exchange, faces challenges like international sanctions and funding constraints, necessitating diversified strategies for investment attraction.
NIDC reported a 17.5% increase in specialized drilling operations for client companies in the first four months of the current Iranian year.
Brent crude futures fell 1 cent to $68.75 a barrel, while U.S. West Texas Intermediate crude fell 2 cents to $66.28.
Despite progress in U.S.-China trade talks, Beijing firmly rejects Washington’s demand to stop buying oil from Iran and Russia, citing national interests and energy security.
The overhaul of the offshore platforms in phase 19 of Iran’s South Pars gas field has been successfully completed, Shana reported.
The manager of the Refinery 11 at South Pars Gas Complex said stable production, enhanced quality, and upgraded infrastructure have continued through reliance on local expertise and partnerships with new technology-based firms (NTBFs).
The International Court of Justice (ICJ) has issued a landmark advisory opinion affirming that countries are legally obligated to reduce greenhouse gas emissions—a ruling that may pave the way for compensation claims against major historical polluters.
Brent crude futures fell 85 cents, or 1.2 percent, to $68.82 a barrel, while U.S. West Texas Intermediate crude fell 82 cents, or 1.2 percent, to $66.51 a barrel.
ADNOC Gas has signed a 10-year agreement with Indian energy giant HPCL to supply them with 0.5 million metric tons per annum of liquefied natural gas.
The Iraqi Minister of Industry and Minerals, Khalid Battal al-Najm, and officials from Saudi Arabia’s Ajyal Group discussed on last Tuesday a possible deal to construct a petrochemical complex in Iraq.
Iran's SATBA has installed over 5,000 megawatts of solar power at over 850 sites to expand renewable energy and enhance electricity efficiency.
Iran has a trade surplus with Pakistan, exporting goods at 3.5 times the volume of imports, according to Hamidreza Karbalaei Esmaeili, Deputy for the Indian Subcontinent at Iran's Trade Promotion Organization.
The manager of the South Pars Gas Complex highlighted the refinery's strategic importance in the downstream value chain, highlighting that 10% of its gas output is converted into high-value products.
National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.
Brent crude futures fell 7 cents, or 0.1 percent, to $71.63 a barrel. U.S. West Texas Intermediate crude fell 10 cents, or 0.14 percent, to $69.16 a barrel.
Indian state refiners have temporarily ceased purchasing Russian crude oil this week, primarily due to concerns over potential secondary tariffs threatened by U.S. President Donald Trump and reduced discounts on Russian oil.