Oil

Iran’s mission urged all actors to abstain from compromising the safety. security and stability in the volatile Persian Gulf region and specifically in the Strait of Hormuz.

IEA analysis suggests global methane emissions from the oil and gas sectors could be reduced by nearly half at no net cost.

A new report from Oil &. Gas UK shows upstream oil and gas operations directly contributed around 3% of the country’s total greenhouse gas emissions.

The National Iranian South Oil Company (NISOC) CEO said biological waste management could halve drilling costs in oil projects. expressing optimism that all the country’s drilling fleet would be equipped with such systems.

Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.

West Texas Intermediate futures rose one per cent to $56.32 a barrel on the New York Mercantile Exchange. Brent crude.

Five projects will share the funding as part of the Department of Energy’s strategy focused on increasing recovery and operational efficiency.

Crude has been weighed down by concerns that demand is slowing. but the focus is now shifting back to supply and geopolitical risks.

Oil snapped four days of losses after the U.S. said it downed an Iranian drone near the Strait of Hormuz. stoking concern crude flows from the Middle East may be disrupted.

The University of Colorado suggests pregnant women living in close proximity to gas wells and oil refineries could have up to a 70% greater chance of giving birth to babies with congenital heart defects.