Oil

An ideological affiliate of India’s governing has now come out and advised Prime Minister Narendra Modi to reconsider New Delhi’s decision. to ignore US demands not to purchase oil from Iran as it would represent a strategic setback for India.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.

Long-term oil demand is expected to rise to almost 112 mb d by 2040.

The National Iranian Oil Company will offer light crude at the next round of the international ring of Iran Energy Exchange on September 17.

Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country.

Iranian Oil Minister Bijan Zanganeh said that US sanctions have failed to stop Iran’s oil industry.

Belal. a field shared with Qatar. straddles the maritime boundary between Iran and Qatar in the Gulf.

OPEC’s own researchers forecast a demand slump ahead.

The caption of the ship reported all the 23 people aboard have been accounted for.

At 416.1 million barrels. U.S. crude oil inventories were at their lowest since October 2018.