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.
Saudi Arabia, the world's top oil exporter, on Sunday slashed crude oil prices for Asian buyers in May to their lowest in four months, following a recent shock decision by the OPEC+ oil group to speed up oil output hikes.
Iran's government is promoting Compressed Natural Gas (CNG) to reduce gasoline dependency and improve air quality, but challenges like weak policies and funding priorities hinder its full potential.
The National Iranian Oil Company (NIOC) has set Iran’s April crude oil prices, with Iran Light crude for Asian customers priced about $4 above the Oman/Dubai benchmark.
India and the United Arab Emirates agreed to develop an energy hub in Sri Lanka, India's foreign ministry said on Saturday, as New Delhi's competition with China grows in the Indian Ocean island nation.
Iran has brought the eighth well of Platform B in Phase 11 of the South Pars gas field into production, adding approximately 3.0 million cubic meters per day (mcm/d) to the country’s natural gas output, according to the head of Petropars Group.
The CEO of the National Petrochemical Company (NPC) stated that unfinished petrochemical projects must be reviewed, adding that lawmakers have set a deadline of late September 2025 to resolve their status.
India’s crude imports from the US reached 244,000 barrels per day (bpd) in March, up from 146,000 bpd in February.
National Iranian Oil Refining and Distribution Company has increased gasoline production at the Isfahan refinery by two million liters per day, according to the company’s head.
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 3, 2025, to review global market conditions and outlook.
World crude oil prices today, April 4, 2025
Brent crude fell $1.28 to $68.86 a barrel, while U.S. West Texas Intermediate crude fell $1.29 to $65.66.
US tariffs on India's energy sector are not just geopolitical but also a complex legal issue affecting corporates, causing increased legal discourse across the industry supply chain.
World crude oil prices today, April 3, 2025
Brent crude futures fell $1.97, or 2.63 percent, to $72.98 a barrel. West Texas Intermediate crude futures fell $2.01, or 2.80 percent, to $69.70.
Canada's Trans Mountain oil pipeline has revised its oil flow forecasts for the next three years due to slower usage of the newly expanded pipeline.
India's crude oil imports from the US surged by 67% in March, driven by a surge in Indian refiners replacing Russian volumes and US pressure for increased American energy purchases.
Abadan Oil Refining Company CEO reports a 3-million-liter increase in gasoline production under the 14th administration, accounting for 17% of the country's gasoline, 22% of diesel, and 42% of mazut.
Gasoline consumption in Iran reached over 150 million liters on Tuesday, marking a 17% increase compared to the same period last year.
World crude oil prices today, April 2, 2025
Brent crude futures were unchanged at $74.49 a barrel after falling 0.4 percent on Tuesday. U.S. West Texas Intermediate crude rose 3 cents to $71.23 after falling 0.4 percent.
Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine.
Iran's National Oil Refining and Distribution Company CEO aims for faster implementation of RHU project at Isfahan refinery to reduce air pollution, increase profitability, and prevent fuel import costs.