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Sustainable gas production at Sarkhoon and Qeshm Gas Refinary

11 months ago

5 May 2025

6:38 AM

The CEO of Sarkhoon and Qeshm Gas Refining Company stated that through major overhauls, self-sufficiency in supplying parts, and incident-free production, the refinery had a successful performance in 1403, effectively serving the public and ensuring stable energy supply.

India, Angola decide to expand energy partnership

11 months ago

5 May 2025

6:08 AM

India and Angola have decided to expand their energy partnership with New Delhi also offering to share its experience in digital public infrastructure, space tech and capacity building with the African nation.

OPEC+ agrees another accelerated oil output hike for June

11 months ago

4 May 2025

8:44 AM

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand.

Examining strategies to accelerate development of Yaran oil field

11 months ago

4 May 2025

8:37 AM

A joint meeting was held between managers and contractors of the Yaran oil field development project to explore strategies for speeding up the project's progress.

India’s Russian oil imports at 9-month high in April; uptick in US crude volumes

11 months ago

4 May 2025

8:33 AM

Russian oil flows to India reached a 9-month high in April due to abundant Moscow crude availability and low prices, allowing non-sanctioned tankers to transport oil without violating international regulations.

Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply

11 months ago

3 May 2025

8:26 AM

Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia's ability to handle lower oil prices.

Tehran, New Delhi focus on sanction-free trade in business talks

11 months ago

3 May 2025

8:22 AM

Tehran Chamber of Commerce, Industries, Mines and Agriculture's Mahmoud Najafi Arab and Indian Ambassador Rudra Gaurav Shresth discussed expanding economic ties between Iran and India, prioritizing non-sanctioned goods exchange.

Gas Leak at Oil India Limited’s Well in Dibrugarh Sparks Panic

11 months ago

3 May 2025

8:15 AM

A potential gas leak incident at Oil India Limited’s (OIL) Well No. 309 in Nagajan village, Lankasi-Kothalguri, Dibrugarh district, caused widespread alarm on Thursday afternoon, reminding locals of the disastrous 2020 Baghjan blowout.

World crude oil price today, May 2, 2025

Brent crude oil price rose to $62.62

11 months ago

2 May 2025

6:29 AM

Brent crude futures rose 49 cents, or 0.8 percent, to $62.62 a barrel, while U.S. West Texas Intermediate crude futures rose 50 cents, or 0.8 percent, to $59.74 a barrel.

India’s Largest Oil Refiner Signs 5-Year LNG Supply Deal With Trafigura

11 months ago

2 May 2025

6:16 AM

Indian Oil Corporation Ltd (IOCL), the country’s largest oil refiner, has entered into a five-year deal with global commodities trader Trafigura for the supply of liquefied natural gas (LNG), according to trade sources and a company statement.

World crude oil price today, May 1, 2025

Brent crude oil price fell to $61

11 months ago

1 May 2025

7:33 AM

Brent crude futures fell 6 cents, or 0.1 percent, to $61 a barrel. U.S. West Texas Intermediate crude fell 12 cents, or 0.2 percent, to $58.09.

US targets Iran with fresh sanctions ahead of next nuclear talks

11 months ago

1 May 2025

7:17 AM

The US imposed sanctions on entities involved in the illicit trade of Iranian petroleum and petrochemicals ahead of a new round of US-Iran negotiations.

World crude oil prices today, April 30, 2025

Brent crude oil price fell to $63.12

11 months ago

30 April 2025

10:22 AM

Brent crude futures fell $1.13, or 1.8 percent, to $63.12 a barrel. U.S. West Texas Intermediate crude fell $1.11, or 1.8 percent, to $59.31 a barrel.

UAE’S ADNOC to supply US LPG to India following China-US tariffs, sources say

11 months ago

30 April 2025

10:11 AM

Abu Dhabi National Oil Company (ADNOC) will start replacing some of the liquefied petroleum gas it supplies to India with cheaper U.S. cargoes from June, industry sources said, as U.S.-China tariffs rejig global trade flows.

India boosts buying of Russia’s ESPO oil in April as Chinese demand eases

11 months ago

29 April 2025

5:02 AM

India increased purchases of ESPO Blend oil from Russia in April to the highest level since August 2024 amid weaker demand from Chinese companies, according to LSEG and traders' data.

By Mahnaz Abdi New chapter opens in Iran-Azerbaijan trade, transport, energy ties

11 months ago

29 April 2025

4:52 AM

Iran and Azerbaijan are enhancing trade relations through joint projects, border trade exchanges, and transit corridor development, leveraging cultural, historical, and geographical similarities.

NIDC drills eight oil, gas wells

11 months ago

29 April 2025

4:42 AM

The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations announced the drilling and completion of eight oil and gas wells using the company’s rigs during Farvardin (March 21–April 20), the first month of the Iranian calendar year.

World crude oil prices today, April 28, 2025

Brent crude oil price fell to $66.74

11 months ago

28 April 2025

11:36 AM

Brent crude futures fell 13 cents, or 0.19 percent, to $66.74 a barrel. U.S. West Texas Intermediate crude fell 12 cents, or 0.19 percent, to $62.90 a barrel.

Indian Oil GPS Renewables to invest Rs 1,200 crore in biogas projects across states

11 months ago

28 April 2025

4:05 AM

Indian Oil GPS Renewables plans to invest Rs 1,200 crore in ten Compressed Biogas (CBG) projects across Uttar Pradesh, Haryana, Chhattisgarh, and Andhra Pradesh, marking a significant biofuel industry milestone.

Oman eyes investment opportunities in Iran’s West Azarbaijan

11 months ago

28 April 2025

3:52 AM

The head of the Chamber of Commerce for Northeast Oman said Iran’s West Azarbaijan province offers exceptional development potential, adding that Oman is ready to invest in the region.

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Latest News of Oil, Gas and Petrochemical industry

TOP NEWS Feed Atom

Sustainable gas production at Sarkhoon and Qeshm Gas Refinary

India, Angola decide to expand energy partnership

OPEC+ agrees another accelerated oil output hike for June

Examining strategies to accelerate development of Yaran oil field

India’s Russian oil imports at 9-month high in April; uptick in US crude volumes

Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply

Tehran, New Delhi focus on sanction-free trade in business talks

Gas Leak at Oil India Limited’s Well in Dibrugarh Sparks Panic

World crude oil price today, May 2, 2025

Brent crude oil price rose to $62.62

India’s Largest Oil Refiner Signs 5-Year LNG Supply Deal With Trafigura

World crude oil price today, May 1, 2025

Brent crude oil price fell to $61

US targets Iran with fresh sanctions ahead of next nuclear talks

World crude oil prices today, April 30, 2025

Brent crude oil price fell to $63.12

UAE’S ADNOC to supply US LPG to India following China-US tariffs, sources say

India boosts buying of Russia’s ESPO oil in April as Chinese demand eases

By Mahnaz Abdi New chapter opens in Iran-Azerbaijan trade, transport, energy ties

NIDC drills eight oil, gas wells

World crude oil prices today, April 28, 2025

Brent crude oil price fell to $66.74

Indian Oil GPS Renewables to invest Rs 1,200 crore in biogas projects across states

Oman eyes investment opportunities in Iran’s West Azarbaijan