World crude oil price today, March 24
Brent crude futures rose 36 cents, or 0.5 percent, to $72.52 a barrel. U.S. West Texas Intermediate crude rose 40 cents, or 0.6 percent, to $68.68.
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Indian refiners are expected to decrease spot crude tenders as Russian oil supplies return to normal levels, easing supply concerns despite US sanctions.
The managing director of Persian Gulf Star Oil Company reported a four million liter increase in daily gasoline production in Iran's Persian Gulf Star Refinery during the second half of 2024.
The CEO of the National Petrochemical Company (NPC) emphasized the need to strengthen Iran's share in global export markets through precise planning and the development of new export markets for petrochemical products.
The CEO of the Fuel Consumption Optimization Company announced emergency and operational plans to reduce energy consumption in three sectors: industry, transportation, and construction.
The drilling and completion of an oil well in the Bibi Hakimeh field concluded at the start of the year 1404 (March 21).
The CEO of the National Iranian Oil Products Distribution Company stated that the company’s mission is to ensure fuel supply and emphasized that sufficient gasoline has been stored in oil depots.
Canada's carbon pricing system, aimed at reducing pollution, faces shaky future after 14 CEOs and opposition leader call for repeal, putting the Pathways Alliance carbon capture project's viability in doubt.
With just 11 days left for US President Donald Trump's tit-for-tat tariffs to kick in, India on Friday said its negotiations with Washington are underway to build a framework for a bilateral trade pact that would address issues relating to levies and market access.
Pars Oil and Gas Company's CEO reported an average daily gas extraction of over 710 million cubic meters in the final four months of Iranian year 1403.
The price of jet fuel for domestic airlines rises starting March 21, 2025. According to a legal resolution, the new rate, including value-added tax, will be set at 143,000 rials per liter.
World crude oil price today March 21, 2025
Brent crude futures rose 14 cents, or 0.2 percent, to $72.14 a barrel. U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2 percent, to $68.23 a barrel.
India's government has established Strategic Petroleum Reserves, approved two more reserves, and promoted clean energy through biofuels, alternative fuels, refinery efficiency improvements, and increased domestic production.
The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.
On the anniversary of the nationalization of Iran's oil industry, the country's largest crude oil processing unit has commenced trial operations on Wednesday, according to the CEO of Petroleum Engineering and Development Company (PEDEC).
In the year 1404, designated as the "Year of Investment for Production," the Leader of the Islamic Revolution conveyed a message marking the beginning of the new year, expressing wishes for goodness, prosperity, and victory for the Islamic community.
Global Crude Oil Price Today 20 Mar 2025
Brent crude futures rose 34 cents, or 0.5 percent, to $71.12 a barrel. U.S. West Texas Intermediate crude futures rose 42 cents, or 0.6 percent, to $67.58.
As part of its “maximum pressure” campaign against Iran, the US has sanctioned four India-based companies, “for their role in brokering the sale and transportation of Iranian petroleum-related products”, a US government statement said.
Russia has surpassed the United Arab Emirates as India's top naphtha supplier in the year to March 2025, as refiners capitalise on discounted cargoes, preliminary ship-tracking data showed, a trend buyers expect to persist for another year.
The CEO of Pasargad Exploration, Development, and Production Company announced that oil production from the Sepehr and Jufair fields increased to 64,000 barrels per day by the end of the Iranian year 1403 (March 2024).