Brent crude rose 28 cents, or 0.43 percent, to $65.05 a barrel. U.S. West Texas Intermediate crude rose 25 cents, or 0.41 percent, to $61.23 a barrel.
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India's Bharat Petroleum Corp has bought crude oil from Abu Dhabi in a spot tender to replace oil from Russia after the U.S. sanctioned two major Russian producers, two trade sources said on Monday.
The project manager for the Azar Oil Field development said the field has taken a major step toward sustainable and efficient utilization of associated gas with the commissioning of fourth-stage compressors. This follows the readiness of the Cheshmeh-Khosh Gas and NGL 3100 plant to receive high-pressure gas beginning in late October.
Fajr Jam Gas Refining Company CEO emphasizes resilience, stability, and reliability over increasing production to withstand winter, maintaining 99.8% performance, making it a key energy supply center.
The head of the Iran-Oman Joint Chamber of Commerce explained the obstacles and positive factors affecting trade with Oman in recent years, as well as the events and factors that will influence future exchanges with this country.
The fourth infill well in the South Pars gas field has come on stream, increasing daily gas production from the shared field by 1.8 million cubic meters, according to the project manager of the South Pars infill drilling plan.
Russia's exports of liquefied natural gas in January-October fell by 3.4% from a year earlier to 25.2 million metric tons (mmt), while jumping 21% to record levels in October amid the launch of supplies from Arctic LNG 2, LSEG data showed on Saturday.
India has confirmed that the United States will not impose its sanctions on the Chabahar Port in Iran for the next six months, allowing New Delhi to continue its investment and operations at the strategic facility uninterrupted.
Brent crude fell 38 cents, or 0.6 percent, to $64.62 a barrel, while U.S. West Texas Intermediate crude fell 38 cents, or 0.6 percent, to $60.19 a barrel.
Indian refiners, responsible for half of Russian crude imports, have halted purchases due to US sanctions on major Russian producers and secondary sanctions risks for smaller entities.
Hamidreza Shafiei Makvandi, deputy managing director of the National Iranian Drilling Company, announced the drilling and completion of 72 oil and gas wells in the first seven months of the current Iranian calendar year.
The Imam Khomeini Oil Refinery in Shazand has completed a $60 million overhaul, increasing production capacity by 30% and improving operational reliability, ensuring high-quality production for four years.
Brent crude futures fell 53 cents, or 0.82 percent, to $64.39 a barrel. U.S. West Texas Intermediate crude futures fell 46 cents, or 0.76 percent, to $60.02.
Iran's renewable energy capacity surpasses 2,700 megawatts, requiring stronger facilitation by distribution companies to maintain growth, especially in small-scale solar systems, according to Mohsen Tarztalab.
State-run refiner Indian Oil has invited initial bids for 24 million barrels of oil from the Americas for the January to March quarter in 2026, according to a document reviewed by Reuters on Thursday.
The managing director of the National Iranian Gas Company emphasized the importance of protecting and maintaining the stability of the country’s gas network, saying that infrastructure resilience and social stability are two key elements of passive defense.
Brent crude futures rose 22 cents, or 0.34 percent, to $64.62 a barrel. U.S. West Texas Intermediate crude futures rose 20 cents, or 0.33 percent, to $60.35.
India's Hindustan Petroleum issued two rare tenders to import transport fuels for early November delivery, two sources familiar with the matter said on Tuesday, after the company shut one of its processing units due to feedstock contamination.
The head of the Iran-Iraq Joint Chamber of Commerce, Industries, Mines, and Agriculture said that $128 million worth of technical and engineering services were exported to Iraq in the first six months of the current Iranian calendar year (March 21-September 22), which is not an appropriate figure.
The managing director of the National Iranian Oil Products Distribution Company said power plant fuel tanks across the country are full, leaving little capacity for additional storage.