India plans to increase its refinery capacity from 256.8 MMTPA in 2024 to 310 MMTPA by 2028, with ethanol blending in petrol expected to reach 20% by 2025.
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The Iranian oil minister boasted about his ministry’s success in increasing the production of unprocessed natural gas after identifying the bottlenecks.
Iran's average daily gasoline consumption has increased by 7% from March 20 to November 27, according to the head of the National Iranian Oil Refining and Distribution Company.
The following is a report published in Iran Petroleum's latest issue on Iran's petrochemical industry, specifically the polymer sector.
The world price of crude oil today, November 26, 2024
Brent crude futures were up 53 cents, or 0.7%, at $73.54 a barrel as of 1231 GMT. U.S. West Texas Intermediate crude futures were at $69.46 a barrel, up 52 cents, or 0.75%.
Russia's crude oil exports by sea fell in the four weeks to November 24 compared to the previous four-week average by the steepest volume since July, amid lower shipments to India, tanker-tracking data monitored by Bloomberg showed on Tuesday.
Iran's Finance and Economic Affairs Minister Abdolnasser Hemmati met with OPEC Fund President Abdulhamid Alkhalifa at the 28th WAIPA World Investment Conference, confirming the Fund's readiness to offer services to Iranian companies.
The global price of crude oil today, November 25, 2024
Brent crude futures were down 0.23%, or 17 cents, to $75.00 a barrel by 1314 GMT, while U.S. West Texas Intermediate crude futures were at $71.01 a barrel, down 23 cents, or 0.32%.
Indian crude oil and condensate production dropped by four percent year-over-year in October 2024, reaching 2.3 million metric tons (MMT), according to recent data from the Petroleum Planning and Analysis Cell (PPAC).
Iran’s capital Tehran is going to host the next meeting of the Iran-Turkey Joint Economic Committee on December 9, an official with the Iranian Foreign Ministry said.
India's domestic crude oil and condensate production fell by 4% YoY in October 2024, reaching 2.3 million metric tonnes, according to PPAC data.
The head of Iran’s Trade Promotion Organization (TPO) has stressed the need for finding new and innovative ways to increase the share of the Islamic Republic in the African markets, IRNA reported.
Natural gas delivery to Iran’s power plants stood at 182 million cubic meters per day (mcm/d) during the week ended on 23 November, implying 3.3 mcm/d up against a similar period last year.
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) said India has emerged as the leading source of growth in global oil consumption in its forecast.
Iranian Agriculture Minister Gholamreza Nouri Ghezeljeh and Japanese Ambassador Tamaki Tsukada discussed Iran's transit corridor's potential for significant regional product transport.
Despite rising domestic production, India will increasingly rely on liquefied natural gas imports, especially from Qatar and the Middle East.
The head of Iran’s Trade Promotion Organization (TPO) has highlighted the need to establish a joint business council with Kazakhstan, the TPO portal reported.
The world price of crude oil today, November 21, 2024
Brent crude futures rose $1.48, or 2.03%, to $74.29 by 1158 GMT. U.S. West Texas Intermediate crude futures rose $1.53, or 2.23%, to $70.28.
The world price of crude oil today, October 20, 2024
Brent crude futures increased by 0.3% to $73.53 a barrel in January, while U.S. West Texas Intermediate crude futures reached $69.70 due to expiry.
Oil India Limited and TotalEnergies signed a Technical Service Agreement in Paris on 18th November 2024 to collaborate on drilling stratigraphic wells in Indian Offshore waters.