Oman reported a 308,422,100 barrels of oil exports by the end of December 2024, a slight drop from 310,331,200 barrels recorded in the same period last year, according to Oman news agency.
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India — the world’s most populous nation — is expected to account for one quarter of global oil demand growth in 2025, which gives New Delhi “an immense sway” in international energy markets, writes Gaurav Sharma in consultant Wood Mackenzie’s Energy Connects.
NIGC inaugurates 543 gas projects across Iran, marking victory of Islamic Revolution, to enhance gas distribution, increase production, and reduce air pollution.
Tehran Oil Refining Company's CEO outlines strategic goals for the refinery, including revenue diversification through high-value products, sustainability enhancement, financing expansion, and new profitable venture investments.
Iran’s president emphasized the importance of adopting modern techniques to optimize energy consumption, stating that proper energy use would allow the country to save resources and sell more oil and gas at global market prices.
Iran’s oil minister announced that the country has broken a 10-year record in oil exports this January, attributing the achievement to the efforts of oil industry workers and divine will.
World crude oil prices today February 5, 2025
Brent crude futures were down 39 cents, or 0.51%, at $75.81 a barrel by 0427 GMT. U.S. West Texas Intermediate crude (WTI) lost 26 cents, or 0.36%, to $72.44.
Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos.
The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify the feedstock basket for petrochemical plants to ensure sustainable production as new projects come online.
The delivery of mazut to power plants from October 22, 2024 to January 31, 2025 increased by more than 1.7 billion liters compared to the same period last year.
World crude oil prices today February 4, 2025
Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while U.S. West Texas Intermediate (WTI) crude declined 89 cents, or 1.2%, to trade at $72.27.
South Pars Gas Complex has set a new record for gas processing and transmission, delivering over 595 million cubic meters of sweetened gas to the national grid.
Iran's oil industry, a symbol of self-sufficiency and independence, has made significant strides since the Islamic Revolution, utilizing domestic capabilities and indigenous expertise.
The 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 03 February 2025.
World crude oil prices today February 3, 2025
U.S. West Texas Intermediate crude futures rose $1.44, or 2 percent, to $73.97 a barrel. Brent crude futures rose 62 cents, or 0.8 percent, to $76.29 a barrel.
CEO of Pars Oil and Gas Company (POGC) stated that a pressure-boosting plan has been defined for seven hubs in South Pars offshore, but to expedite the process, pressure boosting for the first hub will also be implemented onshore.
The manager of Refinery 9 at the South Pars Gas Complex announced that nearly 21 billion cubic meters (bcm) of gas were processed and transferred to the national grid during the first 10 months of the Iranian calendar year 1403 (March 19, 2024–January 19, 2025).
Following the inauguration of the 14th administration in Iran, the National Iranian Oil Company (NIOC) has taken significant steps to address gas shortages, increase oil production, and develop infrastructure in the oil industry.
U.S. fuel prices are expected to increase due to President Trump's tariffs on Canadian and Mexican oil. The tariffs aim to address immigration and drug smuggling issues but may counteract efforts to control inflation, affecting costs for refiners and ultimately consumers.
The National Iranian Gas Company (NIGC) announced that in the past 24 hours, gas consumption in the country has reached 876 million cubic meters (mcm).