Through implementing an accelerated plan to increase gasoline production, the National Iranian Oil Refining and Distribution Company (NIORDC) has boosted the country’s daily gasoline output by over 8 million liters in 76 days.
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Global Crude Oil Price Today November 15, 2024
Brent crude futures ticked up 16 cents, or 0.2%, to $75.24 a barrel by 0841 GMT, while U.S. West Texas Intermediate crude was at $71.65 a barrel, up 18 cents, or 0.3%.
Upstream oil major Cairn Oil & Gas has become the first oil producer in India to commit to effective reduction of methane emissions as part of its efforts towards becoming Net Zero Carbon by 2030.
Hamid Bovard, the head of National Iranian Oil Company (NIOC), appointed Mehran Makvandi as the new managing director of National Iranian Drilling Company (NIDC), replacing Hamidreza Golpayegani in the position, Shana reported.
Iranian President Masoud Pezeshkian highlighted the importance of resolving issues related to joint foreign investment projects, especially in the energy sector, emphasizing the need to utilize the capacities of neighboring countries.
Crude global oil prices today, November 4, 2024
Brent futures were up $1.81 per barrel, or 2.5%, to $74.91 a barrel at 0912 GMT. U.S. West Texas Intermediate (WTI) crude was up $1.86 a barrel, or 2.7%, to $71.35.
Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly oppose.
India's Oil and Natural Gas Corporation has been unsuccessful in finding a partner for the third time in developing a natural gas field, according to unnamed sources.
The International Monetary Fund (IMF), in its latest World Economic Outlook, has estimated Iran’s inflation to decline to 31.7 percent in 2024 from 40.7 percent last year.
Former CEO of NIGC emphasizes cooperation among all sectors to address energy imbalance, stating that resolving gasoline and other energy carriers is not solely the Ministry's responsibility.
State-owned Oil and Natural Gas Corporation's (ONGC) third attempt to get a partner to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal has met with the same fate as previous efforts as it got no bids, sources said.
Venezuela's oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA.
revenues are predicted to be 17 quadrillion rials (about $26.153 billion) in the budget bill for the next Iranian calendar year 1404, which is 39 percent more than the figure for the current year’s budget bill.
Global crude oil price today, November 01, 2020
Brent crude futures were up $1.46, or 2%, at $74.27 a barrel by 1252 GMT. U.S. West Texas Intermediate crude rose $1.57, or 2.3%, to $70.83.
Canadian Natural Resources, Canada's largest oil and gas producer, reported lower adjusted net earnings in Q3 compared to the previous year due to falling natural gas and international crude oil prices.
Two sources suggest that diplomatic tension between India and Canada may not affect the operations of Indian Oil Corp.'s Canadian subsidiary, IndOil Montney Ltd., with dividend inflows continuing.
Global Crude Oil Price Today October 31
Brent crude futures gained 11 cents, or 0.15%, to $72.66 a barrel by 0805 GMT. U.S. West Texas Intermediate crude futures climbed 13 cents, or 0.19%, to $68.74 per barrel.
US imports of crude oil from Canada hit a record 4.3 million b/d in July after Canada expanded its Trans Mountain pipeline, according to US EIA data.
As India's demand for natural gas surges rapidly, domestic production remains insufficient, pushing the country to increase its reliance on imports to secure its energy future.
Global Crude Oil Price Today October 30, 2024
Brent crude futures gained 38 cents, or 0.5%, to $71.50 a barrel by 0957 GMT. U.S. West Texas Intermediate crude futures edged up 35 cents, or 0.5%, to $67.56 per barrel.