World crude oil price today February 17, 2025
Brent crude futures edged lower 8 cents, or 0.11%, to $74.66 a barrel at 1202 GMT, and U.S. West Texas Intermediate crude fell 5 cents, or 0.07% at $70.69 a barrel.
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Indian state power company NTPC is looking to build 30 gigawatts (GW) of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said.
Iran's First Vice President has highlighted the strategic importance of the South Pars pressure boosting project, emphasizing its role in increasing production and creating jobs.
Iran’s minister of economy announced negotiations with the head of the OPEC Fund, along with an agreement to secure financing for Iranian contractors in international projects through the fund.
The Vice President praised the Ministry of Oil's cooperation in implementing technology-based production laws and their representative's participation in the Strategic Council for Technologies and Technology-Based Products.
Iran's Free Zones High Council aims for $2.0 billion in exports in the next year, removing legal barriers and introducing new incentives to boost trade.
Mehr Tab Parsian Petrochemical Company's CEO praised a comprehensive project for methanol-derived products, aiming to complete the methanol production chain within subsidiary companies.
The CEO of NIGC identifies gas imbalance and upstream document issues as the primary causes of Iran's energy crisis, urging for significant consumption and industry reforms.
has signed an agreement with private investors to develop solar power plants by the summer of 2025, aiming to address the country’s electricity supply imbalance.
Since the summer of 2020, the National Iranian Oil Company (NIOC) has injected more than 2 billion kilowatt-hours of electricity generated by the West Karoun Power Plant into the national grid to help meet the country's electricity demand.
The spokesperson for the National Iranian Gas Company (NIGC) announced that 870 million cubic meters (mcm) of natural gas were produced on Friday.
World crude oil prices today, February 14, 2024
Brent futures were up 23 cents, or 0.3%, at $75.25 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 16 cents, or 0.2%, to $71.45.
Trump announced an agreement with Indian Prime Minister Modi, involving India importing more US oil and gas to reduce trade deficit between the two nations.
Petrobras, Brazil's state-owned energy company, has signed two MOUs and one framework agreement with India's state energy firms for cooperation in the oil and gas sector.
The CEO of Iran Oil Terminals Company emphasized the crucial role of the company in receiving, storing, and exporting oil and gas condensates.
The deputy oil minister announced the launch of a sulfur recovery unit at the South Pars Refinery 14, stating that sulfur extraction began on Wednesday.
The CEO of the National Petrochemical Industries Company announced that 12 petrochemical projects, valued at $10 billion, are currently being implemented in Kangan.
World crude oil price today February 13, 2025
Brent futures were down 68 cents, or 0.9%, at $74.50 a barrel by 0515 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 65 cents, or 0.9%, to $70.72.
ADNOC Gas has signed a 14-year agreement to supply 1.2 million tonnes of LNG to Indian Oil Corporation Ltd, extending energy cooperation between the UAE and India.
Production lines 3,000 and 4,000 of the ABS unit at Padjam Polymer Development Company were inaugurated via video conference under the directive of President Masoud Pezeshkian.