Iran's gas industry achieved 95% national gas coverage in 2024-2025, despite challenges, through infrastructure expansion, international agreements, and innovative technologies like smart meters and domestic turbines.
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World crude oil prices today, April 3, 2025
Brent crude futures fell $1.97, or 2.63 percent, to $72.98 a barrel. West Texas Intermediate crude futures fell $2.01, or 2.80 percent, to $69.70.
Canada's Trans Mountain oil pipeline has revised its oil flow forecasts for the next three years due to slower usage of the newly expanded pipeline.
India's crude oil imports from the US surged by 67% in March, driven by a surge in Indian refiners replacing Russian volumes and US pressure for increased American energy purchases.
Abadan Oil Refining Company CEO reports a 3-million-liter increase in gasoline production under the 14th administration, accounting for 17% of the country's gasoline, 22% of diesel, and 42% of mazut.
Gasoline consumption in Iran reached over 150 million liters on Tuesday, marking a 17% increase compared to the same period last year.
World crude oil prices today, April 2, 2025
Brent crude futures were unchanged at $74.49 a barrel after falling 0.4 percent on Tuesday. U.S. West Texas Intermediate crude rose 3 cents to $71.23 after falling 0.4 percent.
Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine.
Iran's National Oil Refining and Distribution Company CEO aims for faster implementation of RHU project at Isfahan refinery to reduce air pollution, increase profitability, and prevent fuel import costs.
World crude oil price today, April 1, 2025
Brent crude futures rose 9 cents, or 0.1 percent, to $74.86 a barrel. U.S. West Texas Intermediate crude rose 8 cents, or 0.1 percent, to $71.56.
India raised gas prices by nearly 4% in April to $6.75 per million metric British thermal units, up from $6.50 per mmBtu in the previous month.
"During the operation on Monday, the IRGC Navy seized two tankers called Start 1 and Vintage, which were carrying more than three million liters of smuggled diesel fuel," PressTV reports.
PIDMCO CEO plans to engage with new technology-based firms in 2014, aiming to participate in at least one international project involving technical and engineering services, execution, and commodity supply.
World crude oil prices today, March 31, 2025
June Brent crude futures rose 11 cents, or 0.15 percent, to $72.87 a barrel, while U.S. West Texas Intermediate crude rose 8 cents, or 0.12 percent, to $69.44 a barrel.
U.S. President Donald Trump's threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine.
The CEO of the Iranian Central Oil Fields Company (ICOFC) outlined the company’s major achievements in 1403 and announced plans for technical and contractual negotiations to develop 16 gas fields and launch key projects in 1404.
Arvand Petrochemical Company, which has previously localized dozens of equipment, catalysts, and chemicals, has successfully designed and produced an electric heater used in its sulfuric acid concentration unit in collaboration with domestic experts.
A tanker carrying Russian crude for state-run Indian Oil Corp. has been denied entry to a local port due to a lack of proper documentation on its seaworthiness, according to people familiar with the development.
Oil minister emphasized prioritizing refining projects based on the available financial resources, and stated that attracting public investments for implementing small-scale refining projects is on the agenda.
The National Petrochemical Company (NPC) is focusing on attracting new investments in the new Iranian calendar year to boost production and complete the value chain.