Indian national Jugwinder Singh Brar owns multiple shipping companies with nearly 30 vessels, many of which operate as part of Iran's "shadow fleet," according to the US Department of the Treasury's Office of Foreign Assets Control.
The 13th refinery handover process from Pars Oil and Gas Company to South Pars Gas Complex has been accelerated following approval from NIOC and NIGC CEOs in the new year.
The director of the West Karoun Power Plant construction project and its ancillary facilities said the plant’s units are injecting more than 200 megawatts of electricity into the national grid.
Iran’s Oil Ministry has significantly ramped up natural gas deliveries to key industrial sectors in the early weeks of the new Iranian year, following a successful winter of uninterrupted supply to households.
A joint meeting between executives from Arvandan Oil and Gas Company and a leading Russian firm was held to discuss technological needs and exchange expertise in advanced energy solutions.
World crude oil prices today April 11, 2025
Brent futures rose 14 cents, or 0.2 percent, to $63.47 a barrel, while U.S. West Texas Intermediate crude rose 0.2 percent to $60.21 after falling more than $2 on Thursday.
Saudi Armco rekindled interest in India's refinery plans, despite setbacks, as Bharat Petroleum Corp. and Oil and Natural Gas Corp.'s strategic move opens another opportunity.
Iran’s daily crude shipments to China reached 1.91 million barrels. At least 1.8 million tonnes of Iranian oil arrived in China in March, transported by 10 tankers, as reported by TV BRICS.
World crude oil price today, April 10, 2025
Brent futures fell 39 cents, or 0.6 percent, to $65.09 a barrel, while U.S. West Texas Intermediate crude fell 29 cents, or 0.5 percent, to $62.06.
Iran plans to expand its petrochemical production capacity by 9.0 million tons in the current Iranian year (ending March 2026), according to the head of the National Petrochemical Company (NPC).
The CEO of South Pars Gas Complex (SPGC) has emphasized the importance of a flaring reduction project as a key initiative for the year 1404 (2025-26).
World crude oil prices today, April 9, 2025
Brent crude futures fell $1.39, or 2.21 percent, to $61.43 a barrel. U.S. West Texas Intermediate crude fell $1.50, or 2.52 percent, to $58.08.
President Trump’s trade war has triggered a drop in oil prices, giving Saudi Arabia a narrow chance to reassert control over OPEC+ and discipline non-compliant producers. However, Riyadh faces limits in sustaining a price war due to its economic reliance on high oil prices and growing internal alliance tensions.
Indian Oil Corporation plans to invest ₹61,000 crore in a petrochemical complex in Odisha, following a preliminary agreement with the Odisha government.
The CEO of Karoun Petrochemical Company announced a 17.4% increase in production in 2024 compared to 2023.
The commercial manager of the South Pars Gas Complex (SPGC) announced the localization of approximately 11,700 goods and equipment, stating that this initiative aims to strengthen domestic production, reduce reliance on imports, and support Iranian manufacturers in line with the year’s slogan.
World crude oil prices today, April 8, 2025
Brent futures rose 66 cents, or 1 percent, to $64.87 a barrel, while U.S. West Texas Intermediate crude rose 67 cents, or 1.1 percent, to $61.37.
India is raising the excise duty on gasoline and diesel effective April 8, the government said on Monday, but noted that the increase in the excise duty would not be felt at the pump.
The National Iranian Oil Refining and Distribution Company (NIORDC) has announced that the South Adish and Mehr Persian Gulf refineries will be operational by the end of this year.
World crude oil prices today, April 7, 2025
Brent futures fell $1.41, or 2.15 percent, to $64.17 a barrel, while U.S. West Texas Intermediate crude fell $1.35, or 2.18 percent, to $60.64.