The oil industry is predicted to grow 8 percent over the five-year development plan to March 2028 amid rising oil production to 5.5 million barrels daily.
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Russia is exploring a long-term oil deal with India, Interfax news agency quoted Deputy Prime Minister Alexander Novak as saying on Tuesday.
After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
During PM Modi's visit, New Delhi and Moscow aim to establish a long-term crude oil supply arrangement, focusing on consistent, discounted Russian crude supply to India.
Iran exported $3.0 billion worth of commodities to Iraq during the first three months of the current Iranian year, registering a 27 percent rise compared to the previous year's corresponding period, the caretaker of Iran’s Commercial Consultancy Office in Baghdad said.
The head of the National Iranian Gas Company (NIGC) Majid Chegeni has officially unveiled the country’s energy and environment optimization market in the Iran Energy Exchange (IRENEX), Shana reported.
The price of the OPEC basket of twelve crudes rose by 3.91 dollars month-on-month from 83.22 dollars on May 31 to 87.13 on June 30.
The electricity generated by renewable sources increased by 28 percent in the third Iranian calendar month (ended on June 20) compared to the same month last year, ISNA reported.
The U.S. Coast Guard warned of possible Texas port closures from Corpus Christi to Houston and began restricting vessel traffic because of Tropical Storm Beryl, which is expected to become a hurricane before making landfall by Monday morning at Port Lavaca.
Suncor Energy has shut down its 215,000 barrel-per-day (bpd) Firebag oil sands site in northern Alberta and curtailed some production as a precaution due to a wildfire about eight kilometres (5 miles) away, according to the company and an Alberta government minister.
A visit to Russia by Indian Prime Minister Narendra Modi, expected within days, could help dispel worries that New Delhi is getting too close to the West and further away from Moscow, ceding space to China, analysts said.
The Ministry of Petroleum and Natural Gas of India (MoPNG) has set the domestic natural gas price for July 2024 at $8.24 per million British thermal units, aiming to regulate pricing in India's growing natural gas sector.
Transport Canada has taken action to address the environmental impacts of marine shipping by implementing a ban on heavy fuel oil (HFO) use by vessels in the Arctic.
India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work.
India's Petroleum and Natural Gas Regulatory Board (PNGRB) released a draft proposal for improving regulatory control over the country's liquefied natural gas (LNG) terminals, as per S&P Global Commodity Insights (GPI), ANI reported.
Egypt is looking to raise its target for the renewable share of energy generation to 58% by 2040 in an updated strategy for expanding green power, Electricity Minister Mohamed Shaker said on Saturday.
Iran has overtaken Kuwait and Nigeria to be the fourth largest crude/condensate exporter of OPEC.
Canada’s GDP grew by 0.3 per cent in April, according to Statistics Canada. The agency said 15 out of 20 sectors it monitored all grew, but wholesale trade, mining, quarrying and oil and gas contributed the most.
A price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June.
The weekly price of the OPEC basket of twelve crudes rose by 13 cents during the week ending on June 27.