Saudi Arabia, the world's biggest oil exporter, may cut prices for most crude grades it sells to Asia in July, the first cut in five months, as Middle East benchmarks and margins for Asian refiners have weakened, refining sources said.
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The trade between Iran and the European Union (EU)’s member states reached €1.276 billion in the first three months of 2024, registering an eight percent growth year on year, according to the data released by the European Union's statistics office Eurostat.
India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to 125 billion rupees ($1.50 billion).
Iran has approved a plan to raise its oil output to four million barrels per day, the country's Tasnim news agency said on Sunday, without providing a time frame.
The 188th Meeting of the OPEC Conference, the 54th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM) will convene via videoconference on Sunday, 2 June 2024.
Pipeline operators in Poland and Russia agreed on a solution that will allow Kazakh oil transit to Germany to continue, removing a risk that it would stop in June, sources familiar with the matter told Reuters.
Indian refiners' use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade sources and analysts said.
India and Egypt were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in April, traders said and LSEG data showed.
Abu Dhabi National Oil Company (ADNOC) has bought Galp's 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas.
The director general of the Mediterranean and Eastern Europe Department of Iran’s Ministry of Foreign Affairs said the Iran-Turkey Joint Economic Cooperation Committee meeting will be held in the coming days to bolster bilateral ties in trade and economy.
During a talk show on IRIB channel 1 on Tuesday evening, Iranian Minister of Petroleum, Javad Owji, explained how the late president, Ayatollah Ibrahim Raisi, was serious about developing oil industry projects.
India's Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers operated by Russia's largest shipping company Sovcomflot resumed, tanker data obtained from shipping and trade sources showed.
The National Iranian Oil Refining and Distribution Company (NIORDC) has launched a monitoring center to oversee all the processes pertaining to production, transfer and distribution of oil products.
IndianOil exported its first 100 octane premium fuel, XP100, from JNPT in Navi Mumbai, marking a significant move to conquer new Sri Lankan markets.
Head of the National Iranian Gas Company Dispatching Department Saeed Aghili has said gas supply to the country’s power plants increased by 11 percent in the previous Iranian calendar year compared to the year before.
The head of the National Petrochemical Company (NPC) Morteza Shahmirzaei says that over 97 petrochemical facilities are operating across Iran.
Iranian President Ebrahim Raeisi and the country's Foreign Minister Hossein Amir-Abdollahian were martyred in the helicopter crash that occurred on Sunday.
The Petroleum Ministry has spent 5 billion dollars so far to stop burning associated gases, a move that I would like to appreciate, hoping the initiative to be continued especially in the West Karoon region.
Brent settled 71 cents higher, or 0.9%, at $83.98 a barrel. U.S. West Texas Intermediate crude (WTI) gained 83 cents, or 1.1%, to $80.06.
Indian Oil Corp Ltd (IOCL), India's largest oil marketing company, has successfully completed a Rs 148 crore acquisition of oil and gas company Mercator Petroleum through the insolvency and bankruptcy code (IBC)