The deputy minister of oil stressed the significance of enhancing energy consumption, promoting societal cooperation, and modifying consumer behavior to ensure stable feedstock supply for industries.
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Indian oil firms are discussing long-term LNG purchases with US suppliers ahead of Modi's meeting with Trump, seeking favorable terms amid India's efforts to reduce reliance on dirtier fuels.
World crude oil prices today, February 10, 2025
Brent crude futures climbed 51 cents, or 0.7%, to $75.17 a barrel while U.S. West Texas Intermediate crude was at $71.45 a barrel, up 45 cents, or 0.6%.
The CEO of Pars Oil and Gas Company (POGC) highlighted the significant role of South Pars in Iran’s economy and national security, stating that the field contributes $100 billion annually to the country’s gross domestic product (GDP).
Iran's Oil Minister Mohsen Paknejad dismissed the US policy of exerting maximum pressure to curb Iran's oil exports as a failed strategy, emphasizing that reducing the Islamic Republic's oil exports to zero is an unattainable goal.
The National Iranian Oil Company (NIOC) is implementing significant plans for the development of oil and gas fields, prioritizing these projects as key components of its developmental strategy.
Iran’s petrochemical industry has made significant strides over the past four decades, not only surpassing domestic needs but also becoming one of the country’s most vital sources of foreign currency. The industry now generates an annual revenue exceeding $23 billion.
President Trump declared a national energy emergency as soon as he took office. The declaration had the goal of facilitating growth in energy supply or, as Trump likes to call it "Drill, baby, drill." Yet this time, Baby doesn't feel much like drilling. And it's saying this loud and clear.
Turkmen President Serdar Berdimuhamedov has instructed his government to accelerate the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and intensify the development of the Galkynysh gas field, local media reported.
Shastan Commercial Investment Company's CEO has resolved financial issues for incomplete petrochemical projects, including Bushehr Petrochemical, Negin Makran Petrochemical Development Company, Badr Shargh Petrochemical Complex, and Negin Bandar Abbas Petro Refinery.
Iranian President Masoud Pezeshkian traveled to Kerman Province on Saturday to inaugurate four major economic and industrial projects worth more than 200 trillion rials.
President Donald Trump said that the United States and Japan are discussing a pipeline project in Alaska after meeting with the country’s prime minister, Shigeru Ishiba.
India's fuel demand increased by 3.2% in January, despite lower consumption compared to December 2024 due to holiday travel and the end of the monsoon season.
The Tehran Oil Refining Company produces approximately 6.5 million barrels of gasoline per day, along with 14 million liters of diesel, according to the company’s head.
The South Pars Gas Complex's ninth refinery's mechanical workshop has successfully designed and manufactured over 70% of strategic parts and equipment, thanks to skilled personnel's expertise.
The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran.
The global price of crude oil today, February 7, 2025
Brent oil increased by 32 cents to 74 dollars and 61 cents per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude oil rose 24 cents to $70.85 a barrel.
Over the past 46 years, Iran’s refining industry has demonstrated remarkable domestic capabilities, showcasing significant progress in production, quality, and infrastructure.
The CEO of NIOEC announced plans to install electronic locks and other equipment on oil tankers, with the project expected to be completed within nine months.
World crude oil prices today, February 6, 2025
Brent crude futures rose by 8 cents to $74.69 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 15 cents to $71.18 per barrel.