Iran's Minister of Energy and Iraq's Minister of Electricity and Energy met to discuss electricity exchange and the export of technical and engineering services in the power sector.
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Karoon Oil and Gas Production Company's CEO reported a daily sweetening of 600 million cubic feet of gas and the lowest gas flaring rate among oil production companies.
The National Iranian Gas Company's managing director is satisfied with the 80% progress in gas supply to Chabahar and has approved the Makoran steel pipeline development, which will significantly contribute to the country's economic cycle.
Iranian Oil Minister Mohsen Paknejad emphasized the importance of collaborating with private sector players in the oil industry for the country's progress and salvation.
The head of maintenance at the South Pars refinery announced that a major overhaul of the mercaptan removal unit has prevented the daily waste of over 27.5 million cubic meters of standard gas.
India plans to expand its natural gas pipeline network by 10,805 kilometres (6,714 miles), the Ministry of Petroleum and Natural Gas announced on January 7, 2025.
The spokesperson for the National Iranian Gas Company announced that 867 million cubic meters (mcm) of natural gas were delivered to the national grid on Wednesday.
President of Iran Masoud Pezeshkian stated that transitioning to clean energy and revising development policies is essential.
World crude oil price today, January 10, 2025
Brent crude oil and West Texas Intermediate oil prices increased by 0.46% and 34 cents respectively, reaching $77.27 and $74.26 per barrel respectively.
Iran is pushing to free 25 million barrels of the country’s oil that has been stuck for six years in Chinese ports because of sanctions imposed by Donald Trump during his first presidency, sources have said.
The CEO of Iran Gas Engineering and Development Company announced that the second phase of the gas storage development project in the Sarajeh field in Qom is 71% complete.
India's refining capacity is set to rise by over 20% over the next three years, driven by initiatives from key players like HPCL, to meet increasing petroleum product demand.
Saudi Arabia's crude oil supply to China is expected to decrease in February due to a three-month increase in official selling prices to Asia.
World crude oil prices today January 9, 2025
Brent crude futures fell 8 cents to $76.08 a barrel. U.S. West Texas Intermediate crude futures dropped 11 cents to $73.21.
US President-elect Donald Trump said he will revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden, in a press conference on Tuesday.
India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.
Iranian Gas Transmission Company CEO reported a 40 million cubic meter increase in gas transmission across the country, reaching 872 million cubic meters on Tuesday.
The CEO of the National Iranian Petrochemical Company emphasized the importance of utilizing all available capacities in the country to develop and diversify export markets with the goal of expanding exports.
Global Crude Oil Price Today January 8, 2025
The price of a barrel of Brent North Sea crude rose by 29 cents, or 0.38 percent, to $77.34 a barrel today. US West Texas Intermediate crude also rose by 38 cents, or 0.51 percent, to $74.63 a barrel.
World crude oil prices today, January 7, 2025
The price per barrel of North Sea Brent oil fell 7 cents to $ 76, 23 cents today. U.S. West Texas Intermediate oil is also trading at 12 cents, down 0.16 per cent at $ 73, 44 cents.