India’s state-run Bharat Petroleum Corporation Ltd (BPCL) has secured one-year crude supply deals for Iraqi and Omani grades to compensate for imports from Russia and pivots toward Middle Eastern supply as Reuters ...
The US Treasury has pushed back the implementation of sanctions on Russian energy major Lukoil until February 28, giving the company additional time to negotiate the divestment of a large portion of its internatio ...
OPEC+ agreed on Monday to maintain their policy on production cuts and gradually raise output as planned starting in April, despite President Trump’s calls for lower prices.
Iran’s refineries have the capacity to turn two million barrels of crude oil (mmbbl) into petroleum products daily.
Mohammad Asgari, a spokesman at National Iranian Gas Company (NIGC), announced that Iran’s natural gas production currently stands at 674 million cubic metres (mcm), a 3.5% increase compared with this time last ye ...
Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.
Iran’s exports of crude oil have further declined to 300,000 barrels per day (b/d) or even less in June, down from 400,000-500,000 b/d a month earlier.
India has shipped around 277,600 barrels per day (b/d) in April, dropping by 31.5% from March.
The waiver will allow Iraq to continue importing electricity from Iran as the main Iraqi power plants depend on Iranian natural gas. Besides, Baghdad’s power generation is not enough to ensure domestic supply.
Iraq has restarted exporting oil from Kirkuk after being interrupted for a year due to conflicts between the central government in Baghdad and the Kurdistan Regional Government.
