Brent crude futures fell $1.55, or 1.64%, to $92.84 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $2.04, or 2.34%, to $85.02 a barrel.
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French oil major TotalEnergies will invest in expanding the Fujairah oil export pipeline in Abu Dhabi and continue investing in the Middle East despite the Iran war, its CEO said on Monday at an energy conference in Norway.
Iran’s petrochemical industry pursued expansion and higher production during the first two years of the 14th administration despite energy imbalances, sanctions and volatility in global markets, as well as two 12-day and 40-day wars. Maintaining production and exports, meeting domestic industrial demand and advancing development projects demonstrated the sector’s resilience and commitment to continued growth.
Iran's top security official warned that if the U.S. economic war continues, "not even one drop of oil will be exported" from the Strait of Hormuz or anywhere else in the Persian Gulf.
Iran’s first methane emissions monitoring project has been implemented in the country’s Region 1 Gas Transmission Operations.
Oil Minister Mohsen Paknejad said the government is considering several plans to address the gap between gasoline production and consumption, but no decision has been finalized.
Iran has discovered a major new gas field in southern Fars province, with recoverable reserves estimated at around 5.7 trillion cubic feet.
The Director of Investment and Business Development of the National Iranian Oil Company said: With the aim of increasing production, reducing gas flaring, and developing operational capacities, more than 30 investment contracts have been signed in National Iranian South Oil Company (NISOC).
Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state news agency IRNA reported on Saturday.
The Director General of the West Asia Office at Iran's Trade Promotion Organization (TPO), elaborating on the organization's major achievements in the years 1403 and 1404 (2024–2025) announced unprecedented records in attracting trade delegations and developing export infrastructure.
The CEO of Lavan Oil Refining Company said the refinery maintained production of gasoline, diesel and mazut during wartime, crediting employees’ dedication and sacrifice for keeping operations resilient and running at the highest possible capacity under difficult conditions.
The recovery of production capacity at the Phase 14 refinery in South Pars gas field is 70% complete and is expected to be finished by the end of the Iranian calendar year, the CEO of Pars Oil and Gas Company said.
India's downstream petroleum and gas regulator said on Friday it has approved the laying of about 1,800 km of LPG pipeline infrastructure at an estimated investment of 70 billion rupees ($731.49 million).
Iran has redesigned the development plan for the Sohrab oil field after receiving environmental approval, aiming to minimize disruption to the nearby Hoor al-Azim wetland, the National Iranian Oil Engineering and Construction Company reported.
The Director-General of the West Asia Office of the Trade Promotion Organization of Iran (TPOI) announced that the preferential trade agreement with Oman has been finalized after completing administrative procedures and has been submitted to the Parliament for final review.
Brent crude futures fell 50 cents, or 0.53%, to $93.28 a barrel. U.S. West Texas Intermediate (WTI) crude futures slipped 44 cents, or 0.51%, to $86.39 a barrel.
Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the country's own U.S.-style shale revolution.
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran's oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next month.
Brent crude futures rose $1.20, or 1.3%, to $92.82 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 92 cents to $86.75 a barrel.
Tajikistan has asked to import 2.5 million metric tons of oil and petroleum products from Iran, the Central Asian country's transport ministry said, as its traditional supplier Russia grapples with fuel shortages of its own.