The Economic Council's recent approval will simplify upstream oil and gas contract procedures, reducing the time between investor proposals and finalizing agreements at the National Iranian Oil Company.
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World crude oil price today, June 10, 2025
Brent crude futures rose 16 cents, or 0.2 percent, to $67.20 a barrel. U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $65.43.
Canada’s Prince Rupert Gas Transmission natural gas pipeline project clears a government milestone in time to keep its permit in place.
Indian oil and gas sector is likely to see strong growth through the fiscal years 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.
The CEO of Shahid Hashemi-Nejad Gas Refinery announced that 589 million cubic meters of gas have been injected into the Shourijeh storage reservoir since the start of the injection season (spring) through June 5 this year.
An analysis of gas consumption data from May 31-June 6, shows that the average daily gas consumption by power plants exceeded 281 million cubic meters, peaking on June 2 at over 287 million cubic meters—the highest recorded level.
World crude oil price today, June 9, 2025
Brent crude futures rose 4 cents to $66.51 a barrel by 9:40 GMT, while U.S. West Texas Intermediate crude fell 1 cent to $64.57.
Indian government has announced plans to deploy at least 1,000 hydrogen-powered trucks and buses by 2030.
Pars Oil and Gas Company's CEO announced the completion of the second infill drilling well at the SPD1 platform, increasing the daily production capacity by 1.8 million cubic meters.
Iran's Privatization Organization has transferred around 65 petrochemical companies to the private sector and non-governmental public institutions, removing the government's significant stake in the industry.
From June 2 to 7, more than 801 million liters of gasoline were distributed and consumed across the country, bringing the average daily consumption during this period to over 133 million liters.
Iran has equipped 1,239 government offices with solar panels as part of a nationwide energy-saving initiative, an official from the state-run Power Generation, Distribution and Transmission Company (Tavanir) said.
The National Petrochemical Company CEO emphasized the need for stable feedstock supply, stating that addressing challenges and fully utilizing the industry's potential requires approximately $18 billion investment.
Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.
Iran’s economy grew by 0.9 percent in the first month of the current Iranian calendar year Farvardin (March 21 – April 21), according to a new report from the Iranian Parliament’s Research Center.
The CEO of the National Iranian South Oil Company (NISOC) announced plans to cut daily gas flaring by 200 million cubic feet this year.
The manager of Refinery 11 at the South Pars Gas Complex described the reduction in gas flaring as significant, stating that the volume of gas sent to flares has dropped from over 1 million cubic meters per day to less than 3,000 cubic meters.
Brent crude oil price today, June 6, 2025
Brent crude futures fell 11 cents, or 0.2 percent, to $65.23 a barrel. U.S. West Texas Intermediate crude fell 12 cents, or 0.2 percent, to $63.25.
TotalEnergies defended its strategy of labelling natural gas as a transition fuel in promotional material as part of its rebranding, in a landmark trial over the claim that the French oil and gas group had overstated its climate commitments and misled consumers.
BP Singapore has signed a long-term sales and purchase agreement with India's Torrent Power to supply up to 0.41 million mtpa of LNG from 2027-2036.