The US is sanctioning two Indian shipping sector companies alleging that they played a “critical role” in transporting Iranian oil in defiance of the US embargo.
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Russian oil producer Rosneft invested $20 billion in India recently, the Indian government quoted Russian President Vladimir Putin as saying in a statement on Thursday, without giving details.
The South Pars joint gas field's gas platforms were successfully overhauled through a well-planned, collaborative, and HSE-enhanced operation, ensuring safety and efficiency.
India's natural gas consumption reached 6019 MSMCM in October 2024, with fertilizer sector accounting for 29%, followed by city gas distribution at 21% and power generation at 11%.
The CEO of the Petroleum Engineering and Development Company (PEDEC) announced a target to increase daily oil processing capacity to 820,000 barrels in West Karoun Oil Fields.
World oil price today, December 3, 2024
Brent crude futures rose 76 cents, or 1.06%, to $72.59 a barrel by 1131 GMT, while U.S. West Texas Intermediate crude climbed 75 cents, or 1.1%, to $68.85.
India plans to increase its refinery capacity from 256.8 MMTPA to 310 MMTPA by 2028, with ethanol blending in petrol set to reach 20% by next year.
Japan has vowed to carry out efforts to help Iran advance its case in the Financial Action Task Force (FATF), according to an Iranian deputy finance minister.
The CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, outlined the petrochemical industry's performance during the first 100 days of the 14th government's activities.
Global crude oil prices today, December 2, 2024
Brent crude futures climbed 84 cents, or 1.17%, to $72.68 a barrel by 1203 GMT while U.S. West Texas Intermediate crude was at $68.79 a barrel, up 79 cents, or 1.16%.
India’s Oil and Natural Gas Corporation (ONGC) is talking to domestic shipyards regarding the construction of two offshore jackup drilling rigs worth about $500-550m.
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday.
Iran prioritizes expanding cooperation with regional powers and international organizations such as the Shanghai Cooperation Organization (SCO) and BRICS, according to Kazem Jalali, Iran’s Ambassador to Russia.
Ebrahim Piramoun, the Managing Director of NISOC, has announced the completion of three major gas recovery projects by late March 2025.
The world price of crude oil today, November 29, 2024
Brent crude was down 45 cents, or 0.6 percent, at $72.83 a barrel. West Texas Intermediate crude oil futures reached $68.68.
India is expected to be at the forefront in terms of the trunk/ transmission oil and gas pipeline network additions in Asia, accounting for more than 40% of the region’s total pipeline length additions by 2028, says GlobalData.
The global price of crude oil today, November 28, 2024
Brent crude futures edged up by 8 cents to $72.91 a barrel by 0955 GMT while U.S. West Texas Intermediate crude futures were up 7 cents at $68.79.
Indian Prime Minister Narendra Modi has emphasized Guyana's importance to India's energy security, stating that the country's light and sweet crude is a key source and will encourage Indian businesses to invest in it.
Islamic Republic of Iran Customs Administration (IRICA) says the country's non-oil exports rose by 18% year on year in eight months of the current Iranian calendar year (started March 21, 2024).
The world price of crude oil today, November 27, 2024
Brent crude futures rose 38 cents, or 0.52%, to $73.19 a barrel by 1144 GMT and U.S. West Texas Intermediate crude was up 39 cents, or 0.57%, at $69.16.