State-owned Oil India Ltd (OIL) is in discussion with French energy company TotalEnergies for exploration of hydrocarbon blocks off India’s coast, either as a technical partner or a “participating interest” (equity) partner, a senior company executive told FE.
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The value of non-oil trade between Iran and Tukey stood at $6.01 billion in the first five months of the current Iranian calendar year (March 20-August 21), the Islamic Republic of Iran Customs Administration reported.
Oil India reports no payment issues for diesel exports to Bangladesh and smooth equipment transit for refinery expansion. Plans include increasing Numaligarh refining capacity by December 2025.
Gholamhossein Ramezanpour has been appointed as the new head of the Persian Gulf Star Oil Company with the approval of the company’s Board of Directors.
64 years ago, in this day the representatives of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela came together in Baghdad to found an organization to defend their rights on making just revenue from oil exports and creating stability in the oil market. OPEC has issued a statement on the occasion, having honored 64 years of its achievements to this end which follows below:
India's crude oil imports remained steady at 4.6 million barrels per day in July, while product imports increased by 19%, primarily due to higher LPG volumes.
Iranian renewable power plants generated 264 million kilowatt-hours (Kwh) of electricity in the previous Iranian calendar month of Mordad (July 22-August 22), registering a 23-percent growth compared to the same month in the previous year.
The global price of crude oil today, September 13, 2024
Brent crude futures were up 74 cents, or 1%, at $72.71 a barrel by 1325 GMT. U.S. West Texas Intermediate crude futures rose $1.02, or 1.5%, to $69.99.
The Iraqi Minister of Oil, Hayan Abdul-Ghani, stated that gas flaring in Iraq will completely stop by the end of 2028.
The world price of crude oil today, September 12, 2024
Brent crude futures for November rose $1.01, or 1.4%, to $71.62 a barrel by 0805 GMT. U.S. crude futures for October were up $1, or 1.5%, at $68.31.
India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.
The global price of crude oil today, September 11, 2024
Brent crude futures were up $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, while U.S. crude futures gained $1.11, or 1.7%, to $66.86.
Indian Oil Corporation (IOCL) has signed a 15-year agreement with Abu Dhabi National Oil Company to supply 1 million tonnes of liquefied natural gas annually, marking the first visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.
The last price of crude oil on September 10, 2024
Oil prices gave up the previous day's gains on Tuesday as weak Chinese demand offset U.S. supply disruptions from Tropical Storm Francine and global oil oversupply risks that continue to weigh on the market.
Global crude oil prices today, September 9, 2024
Brent crude rose 67 cents, or 0.94%, to $71.73 a barrel by 0901 GMT while West Texas Intermediate crude futures were up 68 cents, or 1%, at $68.35.
India plans to have a third of its heavy duty long-haul trucking fleet fuelled by liquefied natural gas (LNG) instead of diesel in five to seven years to cut pollution, according to a draft policy from the federal oil ministry.
State-owned enterprise Oil India Limited (OIL), a Maharatna CPSE, has declared its support for sustainable energy practices by signing up for the Oil and Gas Decarbonisation Charter (OGDC).
Tehran Chamber of Commerce and Turkish Exporters Union discussed improving trade relations between private sectors during a meeting between TCCIMA and TiM directors.
Pakistan has found large deposits of natural gas and oil in its territorial waters after a three year survey, reported Times of India.
The head of the National Iranian Oil Company (NIOC) has emphasized the need to expedite the development of the South Azadegan oil field to boost output by late March 2025.
