The CEO of Iran’s National Petrochemical Company discussed opportunities to expand cooperation with Chinese firms during Iran Day at the CHINAPLAS 2025 exhibition.
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Brent crude oil world price today April 17, 2025
Brent crude futures rose 68 cents, or 1%, to $66.53 a barrel by 1257 GMT, and U.S. West Texas Intermediate crude was at $63.19 a barrel, up 72 cents, or 1.2%.
Saudi Aramco sees India's refining sector as a strategic growth opportunity, with new refineries planned by BPCL and ONGC.
Iran’s thermal power plants set a new electricity production record in the Iranian calendar year 1403 (ended March 19, 2025), exceeding 350 million megawatt hours (MWh), according to the Thermal Power Plants Holding Company (TPPH).
The CEO of Arvandan Oil and Gas Company said the firm is enabling informed investor decision-making by clarifying investment opportunities and providing accurate data.
US President Donald Trump has reiterated his determination to squeeze Iranian oil production to zero. But Iranian Minister of Petroleum Mohsen Paknejad has said the Americans would never see their dream come true.
World crude oil price today, April 16, 2025
Brent crude futures rose 63 cents, or 1 percent, to $65.30 a barrel, while U.S. West Texas Intermediate crude rose 59 cents, or 1 percent, to $61.92.
India is committed to increasing exploration acreage to one million sq. km by 2030, and has made policy decisions to get 99% reduction in allowing exploration in “No-Go” areas within India’s Exclusive Economic Zone (EEZ)', he added.
Senior Iranian and Russian energy officials have stressed the need to strengthen bilateral cooperation in the oil sector, focusing on joint development of key oilfields.
Iran’s Oil Industry Research and Technology Fund introduces the "Beta" financing package (Powered by Iran) at an event focused on investment and development in upstream oil and gas.
National Iranian Gas Company director emphasizes the industry's dedication to maintaining gas network stability despite severe cold weather and high gas consumption, ensuring no cubic meter of gas was lost.
World crude oil price today, April 15, 2025
Brent crude futures were down 50 cents, or 0.8%, at $64.38 per barrel by 1005 GMT. U.S. West Texas Intermediate crude also dipped 50 cents, or 0.8%, to $61.03 a barrel.
The average price of India's crude oil imports fell to below $70 per barrel this month, for the first time since 2021, as international benchmarks plunged amid trade and tariff uncertainty.
Iran and Iraq signed multiple memoranda of understanding to expand cooperation in the oil and energy sectors, as the two sides explored new avenues for joint development and technical collaboration.
The first large bitumen bulk oil tanker of the new Iranian year berthed at Shahid Rajaee Port in southern Iran in early April while the Port of the Persian Gulf marked a 3.9% increase in tanker operation compared to the previous year, according to port officials.
Former CEO of Petroleum Engineering and Development Company (PEDEC) believes to attract investors in the oil industry, we must diversify long-term contracts, increase their operational flexibility, and remove obstacles.
Iranian Parliament Energy Committee member emphasizes "Transformation in Investment and Development" event as crucial for "Year of Investment for Production," attracting capital to oil, gas, and upstream industries.
World crude oil prices today, April 14, 2025
Brent crude futures rose by 83 cents, or 1.3%, to $65.59 a barrel by 1200 GMT. U.S. West Texas Intermediate crude was up 84 cents, or 1.4%, at $62.34.
OPEC reduced its 2025 global oil demand growth forecast due to first quarter data, US trade tariffs, and reduced economic growth forecasts for this year and next.
India's state-run gas utility, GAIL, is seeking a 26% stake in a US LNG project and a 15-year gas sourcing contract amid ongoing tariff talks.