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Iran, Azerbaijan to hold joint economic committee meeting next week

3 months ago

20 September 2025

8:33 AM

The head of the Iran-Azerbaijan Joint Chamber of Commerce said the two countries will hold a meeting of their joint economic commitee in Tehran next week, with Azerbaijani Deputy Prime Minister Shahin Mustafayev attending, Tasnim news agency reported.

Upstream Oil Investment Strategy to Change

3 months ago

20 September 2025

7:46 AM

Iran's petroleum industry saw a significant shift in May 2025, with the National Iranian Oil Co. (NIOC) introducing over 200 investment opportunities worth $137 billion, promoting partnerships with the private sector and foreign investors.

The global price of crude oil today, September 19, 2025 / The price of Brent oil fell to $67.27

3 months ago

19 September 2025

8:03 AM

Brent crude futures fell 17 cents, or 0.3 percent, to $67.27 a barrel, while U.S. West Texas Intermediate crude futures fell 19 cents, or 0.3 percent, to $63.38.

Oil India sees restart of Mozambique LNG project by year’s end

3 months ago

19 September 2025

7:52 AM

India's state-run Oil India Ltd expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said on Thursday.

Iraq fails to win US approval to import Turkmen gas via Iran

3 months ago

19 September 2025

7:46 AM

Iraq's attempt to ease its chronic power shortage with gas from Turkmenistan routed through neighbouring Iran has failed under U.S. pressure, leaving Baghdad scrambling for alternatives to keep the lights on.

Iran reports significant fall in exports to Iraq

3 months ago

19 September 2025

7:40 AM

Iran has reported a significant fall in its exports to Iraq amid lower volumes of natural gas being delivered to the neighboring country.

Iran Exploits 2 New Wells in Lali Oilfield

3 months ago

19 September 2025

7:32 AM

The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that two wells in Lali oilfield, codenamed 37 and 38, have been put into operation for field testing by Masjed Soleiman Oil and Gas Exploitation Company.

Global Crude Oil Prices Today (18 September 2025) / Brent Crude Falls 26 Cents to $67.69

3 months ago

18 September 2025

9:39 AM

Brent crude fell 26 cents, or 0.38 percent, to $67.69 a barrel, while U.S. West Texas Intermediate futures fell 28 cents, or 0.44 percent, to $63.77.

Indian Petrochemicals Giant Haldia Eyes Major Asian Expansion

3 months ago

18 September 2025

9:15 AM

Haldia Petrochemicals, one of India's biggest petrochemicals companies, looks to raise trading volumes by 30% and hire more traders as it expands in the key Asian petrochemicals market, sources with knowledge of the plans told Reuters on Wednesday.

TotalEnergies secures four offshore exploration blocks in Liberia

3 months ago

18 September 2025

9:10 AM

TotalEnergies has signed four production sharing contracts (PSC) with the Liberia Petroleum Regulatory Agency for the LB-6, LB-11, LB-17 and LB-29 offshore exploration blocks, which were awarded under the 2024 Direct Negotiation Licensing Round.

Iran’s 74% reliance on gas sparks energy diversification warning

3 months ago

18 September 2025

9:02 AM

Iran’s reliance on natural gas for about 73% to 74% of its energy mix is unprecedented worldwide and poses long-term risks, the head of the National Iranian Gas Company said.

Iran, Russia set to deepen economic ties before 19th Joint Commission

3 months ago

18 September 2025

8:56 AM

Iran’s oil minister said Wednesday that the country is pursuing the outcomes of the 18th Iran-Russia Joint Economic Cooperation Commission and preparing to host the 19th session in Iran.

World crude oil prices today, September 17, 2025 / Brent oil prices fell to $68.14

3 months ago

17 September 2025

9:42 AM

Brent crude futures fell 33 cents, or 0.5 percent, to $68.14 a barrel, while U.S. West Texas Intermediate crude futures fell 32 cents, or 0.5 percent, to $64.20 a barrel.

Natural Gas to Dominate U.S., China and India’s Energy Mix By 2050

3 months ago

17 September 2025

9:31 AM

Natural gas is projected to be the only fossil fuel to expand its share in the energy mix of the United States, China, and India by 2050, according to S&P Global Commodity Insights, which highlights gas as a critical bridge fuel in the global shift from coal to renewables.

US issues new Iran-related sanctions, targeting alleged financial network

3 months ago

17 September 2025

9:21 AM

The United States has announced new Iran-related sanctions, targeting what it has described as a network of “shadow banking” that has facilitated financial transactions resulting from Iran’s oil sales and other activities.

Iran exports advanced gas turbine to Russia for first time

3 months ago

17 September 2025

9:15 AM

Iran has exported an advanced gas turbine to Russia for the first time, Energy Minister Abbas Aliabadi said on Tuesday, marking a milestone for the country’s power industry despite Western sanctions.

South Pars refineries ready for winter, official says

3 months ago

17 September 2025

9:01 AM

The National Iranian Gas Co. is accelerating strategic projects and boosting efficiency at South Pars refineries to ensure stable gas production during the cold season, a senior official said.

World crude oil prices today, September 16, 2025 / Brent oil price fell to $67.24

3 months ago

16 September 2025

9:54 AM

Brent crude futures fell 20 cents, or 0.3 percent, to $67.24 a barrel, while U.S. West Texas Intermediate crude fell 19 cents to $63.11, also down 0.3 percent.

Ukraine to Cut Imports of Indian Diesel over Russian Oil Links

3 months ago

16 September 2025

3:48 AM

Ukraine is restricting imports of diesel from India due to India's continued purchases of Russian crude, which holds about a third of total Indian oil imports.

Oil output rises 3,000 bpd at South Azadegan field

3 months ago

16 September 2025

3:41 AM

Daily oil production in Iran has increased by 3,000 barrels following the launch of well Fahliyan-52 at the South Azadegan field, raising the field’s total output to 61,900 barrels per day, Petropars Group said.

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Latest News of Oil, Gas and Petrochemical industry

BREAKING NEWS Feed Atom

Iran, Azerbaijan to hold joint economic committee meeting next week

Upstream Oil Investment Strategy to Change

The global price of crude oil today, September 19, 2025 / The price of Brent oil fell to $67.27

Oil India sees restart of Mozambique LNG project by year’s end

Iraq fails to win US approval to import Turkmen gas via Iran

Iran reports significant fall in exports to Iraq

Iran Exploits 2 New Wells in Lali Oilfield

Global Crude Oil Prices Today (18 September 2025) / Brent Crude Falls 26 Cents to $67.69

Indian Petrochemicals Giant Haldia Eyes Major Asian Expansion

TotalEnergies secures four offshore exploration blocks in Liberia

Iran’s 74% reliance on gas sparks energy diversification warning

Iran, Russia set to deepen economic ties before 19th Joint Commission

World crude oil prices today, September 17, 2025 / Brent oil prices fell to $68.14

Natural Gas to Dominate U.S., China and India’s Energy Mix By 2050

US issues new Iran-related sanctions, targeting alleged financial network

Iran exports advanced gas turbine to Russia for first time

South Pars refineries ready for winter, official says

World crude oil prices today, September 16, 2025 / Brent oil price fell to $67.24

Ukraine to Cut Imports of Indian Diesel over Russian Oil Links

Oil output rises 3,000 bpd at South Azadegan field