Mexico’s Pemex has shipped its first fuel export cargo from the newly constructed Olmeca refinery to India, after facing some delays and escalating costs.
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Kuwait's national oil company has declared a state of emergency over an oil leak in one of its southwestern oil fields.
In a message, Iranian Minister of Petroleum Mohsen Paknejad expressed condolences over the martyrdom of Seyyed Hassan Nasrollah.
During a press conference held between the Energy Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture and Iran Renewable Energy Association, the issues related to the renewable energy sector were discussed.
Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector.
India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which has been sanctioned by Western countries, Indian Oil Secretary Pankaj Jain said on Sept. 27, Reuters reported.
Iran's Energy Minister proposed cooperation among BRICS member countries, including Russia, Iran, UAE, and Saudi Arabia, at a meeting in Moscow.
Global Crude Oil Price Today September 27, 2024
Brent crude futures were up 8 cents, 0.1%, at $71.68 per barrel, as of 0840 GMT, while U.S. West Texas Intermediate crude futures were up 6 cents, also 0.1%, to $67.73.
India increased oil imports from Russia in 2024, retaining its main supplier status. Raw material payments increased by nearly $6 billion due to reduced discounts, freight costs, and higher oil prices.
Global Crude Oil Price Today September 26, 2024
Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to $68.51 per barrel.
British energy giant BP is holding a board meeting in India as it seeks to explore new opportunities in the country’s oil and gas sector, reported Reuters.
Iranian Energy Minister Abbas Ali-Abadi said that the Islamic Republic is ready to expand cooperation with BRICS in the field of energy.
Global Crude Oil Price Today September 25, 2024
Brent crude futures were down 8 cents, or 0.1%, at $75.09 a barrel at 0844 GMT. U.S. West Texas Intermediate crude was down 13 cents, or 0.2%, at $71.43 per barrel.
India's net-zero emission target of 2030 cannot be met without a significant acceleration in the green hydrogen economy, says a report by S&P Global.
Global Crude Oil Price Today September 24, 2024
Brent crude futures were up $1.34, or 1.8%, at $75.24 a barrel by 0853 GMT. U.S. WTI crude futures rose $1.38, or 2%, to $71.75.
India's largest oil and gas bid round saw four bidders, including ONGC, OIL, Vedanta Ltd, and Reliance-bp plc, with most blocks receiving two bids each.
India’s crude oil production in August fell by 3.4% on the year to 2.4 million metric tons, equal to some 17.6 million barrels. Fuel production was also down, more modestly, the Economic Times reported.
Global Crude Oil Price Today September 23, 2024
Brent crude futures for November edged up by 14 cents, or 0.19%, to $74.63 a barrel by 0815 GMT. U.S. crude futures for November were up 16 cents, or 0.23%, at $71.16.
Iran's Road and Urban Development Ministry reported a 73% increase in commodity transit through roads during the first five months of the current calendar year.
India's state-owned oil refiners are in talks with Russia to secure long-term supply deals, potentially sealing them by April of the new fiscal year.