Trading in Iran’s first methanol warehouse receipts began with an offering of 2,500 tons of methanol in the form of 2.5 million deposit certificates issued by Sabalan Petrochemical on the Iran Energy Exchange.
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Bloomberg reported that Saudi Arabia’s crude oil exports in August dropped to their lowest level in nine years.
Iran still holds one of the best available routes for moving Turkmenistan’s gas to the West. If Tehran fails to use that advantage, Central Asian gas may eventually flow through other corridors.
The CEO of the National Iranian Oil Company (NIOC) announced that Iran has secured first place globally in discovering the largest volume of gas resources since 2025.
Brent crude futures rose 9 cents, or 0.1%, to $94.74 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.21%, to $90.03 a barrel.
Three liquefied natural gas cargoes loaded in Qatar and the United Arab Emirates have been transferred between ships outside the Strait of Hormuz in recent weeks for delivery to India and Japan, according to ship-tracking firms.
Amir Akbari, managing director of Iran’s Jam Petrochemical Company, issued a message stressing that reliable utility supply is essential to continued petrochemical output and calling the successful startup of the eighth boiler at Persian Gulf Mobin Energy a display of Iranian specialists’ skill and resolve to keep production going under sanctions and threats.
Germany’s foreign minister said Berlin is negotiating long-term gas contracts with Algeria to diversify supply and secure energy before winter, after a sharp drop in Russian imports, low German storage, and added market pressure from the war involving the United States, Israel, and Iran.
The spokesman for Iran’s Tehran Oil Refining Company said the refinery is pursuing environmental and renewable-energy projects aimed at cutting water and gas use, lowering emissions, and moving toward greener production and sustainable development for surrounding communities.
Iran’s firm policy is that if its oil is not exported, oil from any country that is a partner and accomplice of the United States in interventionist and destabilizing actions against Iran will not be exported either.
The acting head of Iran’s National Petrochemical Company said construction has restarted at the Islamabad-e Gharb petrochemical project, which had been halted since February–March 2026 because of conditions created by the imposed war.
Brent crude futures rose 66 cents, or 0.7 percent, to $91.15 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 70 cents, or 0.8 percent, to $86.46 a barrel.
The managing director of the Iranian Oil Terminals Company said the firm has followed a coordinated two-year program to bring idle capacity back into service, protect strategic infrastructure, and strengthen operations. He said the core strategy has been to return existing assets to the operating cycle and create stable conditions for the company’s strategic missions.
The monthly activity report of Tabriz Petrochemical Company, listed under the ticker SHTABRIZ, has been published on Iran’s Codal disclosure system. It shows the company’s revenue from product and service sales reached 21,691 billion tomans in the first five months of Iranian year 1405, covering March 21 to August 22, 2026.
The managing director of Iran’s Fajr Jam Gas Refining Company said the plant is carrying out a package of projects to expand renewable energy, raise efficiency, and support more stable gas production.
The engineering and construction manager of Iran’s Offshore Oil Company said two new wells on the F18 satellite platform in the Foroozan field have come on stream, lifting Iran’s oil production from the shared field by about 2,000 barrels per day.
The spokesman for the Presiding Board of Iran’s parliament said Tehran will not stand idle in the face of economic pressure, called any cooperation with what he described as America’s oppressive sanctions a red line, and warned that the Islamic Republic will use strategic tools such as control of the Strait of Hormuz to defeat Washington’s efforts to offset military setbacks through economic means.
The managing director of Iran’s Pars Oil and Gas Company said reconstruction of the South Pars Phases 9 and 10 gas processing plant has started, with plans to restore part of its gas-processing capacity by the end of the current Iranian year in March 2027.
Over the past two years of Iran’s 14th administration, Petropars Group has advanced a slate of major national oil and gas projects focused on raising output, developing shared fields, and completing infrastructure. Gas production from South Pars Phase 11 rose from about 12 million cubic meters per day to more than 26 million cubic meters per day. Oil production capacity in the central package of South Azadegan exceeded 84,200 barrels per day, and with the commissioning of four CTEP trains, the nominal capacity of Iran’s largest crude processing unit reached 320,000 barrels per day. In the same period, development of Belal and Farzad B continued, the South Pars pressure-boosting project moved into the implementation phase, and the field phase of intelligent pipeline pigging began.
Brent crude futures rose $2.21, or 2.51 percent, to $90.31 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $1.83, or 2.19 percent, to $85.23 a barrel.