The Oil and Natural Gas Corporation (ONGC) has said that the Indian Ministry of Petroleum and Natural Gas (MOP&NG) has announced a 20% premium on gas produced from new wells or well interventions.
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Iran exported 436 million tons of goods worth $136 million to Latin American countries in the first four months of the current Iranian calendar year, registering a 680-percent rise year on year.
Saudi crude oil exports to China are set to fall in September to about 43 million barrels, several trade sources said on Monday, citing monthly allocations for term buyers.
Oil Industry Expert Reza Mokhtar believes developing petro-refineries is a necessity for completing the oil industry value chain, IRIB reported.
OPEC+ could extend the group's current oil production cuts into 2021 or deepen them further if market conditions require, Algeria's energy minister told an industry event on Wednesday.
India's largest oil marketing company, Indian Oil, leads the pack with 15% ethanol blending, aiming for 20% nationwide blending by 2025, while other players are dispensed 15% in petrol.
India's oil demand is likely to surge from 5.4 million barrels per day in 2023 to 8.3 million bpd by 2050. To meet this rise in oil demand, the Indian Oil Corporation (IOC) aims to increase their refining capacity from 70.25 million tonnes per annum to 88 million tonnes per year.
A senior Iranian official announced that delivery of liquid fuel to power plants has increased by 30 percent since the start of the Persian calendar year (March 20) compared with the same period last year.
Officials from Iran and Malaysia met in Tehran on Tuesday to discuss ways of enhancing bilateral ties in the fields of trade and economy.
The world price of crude oil today, August 9, 2024
Brent crude futures were up 1 cents to $79.17 per barrel by 0845 GMT. U.S. West Texas Intermediate crude futures were up 8 cents at $76.27 per barrel.
Pipeline operator TC Energy Corp. said Tuesday, July 30, it will sell a 5.34% stake in its Canadian natural gas pipeline system to Indigenous communities for C$1 billion as part of its plan to reduce the debt burden and fund investments.
India's Numaligarh Refinery Ltd (NRL) does not expect its shipments of diesel to Bangladesh to be affected by political upheaval in the neighbouring country, the company said on Friday.
The global price of crude oil today, August 8, 2024
Brent crude futures fell 25 cents, or 0.3%, at $78.08 a barrel by 0650 GMT, while U.S. West Texas Intermediate crude lost 13 cents, or 0.3%, to $75.10.
The Trans Mountain oil pipeline's launch in Canada was a unique event, with hopes for increased production and increased oil prices. However, some expectations have not materialized, resulting in a significant discount to the US benchmark.
India's solar energy share is projected to reach 46% by 2047, reaching 856 GW, according to NITI Aayog's "India Energy Securities Scenarios 2047" analytical tool.
Electricity consumption in Iran has increased by 6,000 MW in the current Iranian year compared to the previous year, Head of Iran's Power Generation, Distribution, and Transmission Company Mostafa Rajabi Mashhadi said.
Brent crude futures were up 45 cents, or 0.6%, to $76.93 a barrel at 0823 GMT. U.S. West Texas Intermediate crude was up 47 cents, also 0.6%, to $73.67.
New peer-reviewed research published this week provides new and much-needed clarity about the methane footprint created by Canada’s oil and gas industry and the country’s progress toward addressing it.
The Indian government plans to involve leading national companies, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd, in exploring the continental shelves of the Bay of Bengal and the Arabian Sea.
The Trans Mountain oil pipeline expansion (TMX) was meant to shrink the discount on Canadian oil versus U.S. crude but three months in the differential is wider than when commercial operations on the project started.