The CEO of the National Iranian Oil Company announced the country has set a new record for oil production.
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The National Iranian Oil Refining and Distribution Company (NIORDC) is conducting extensive maintenance at 10 refineries across the country to ensure a stable and secure supply of fuel, a senior company official announced.
Brent crude futures rose 29 cents, or 0.4 percent, to $68.02, while West Texas Intermediate (WTI) crude futures rose 36 cents, or 0.6 percent, to $64.02.
South African petrochemical firm Sasol said on Monday it swung to an annual profit on the back of higher chemicals prices, tighter cost controls and lower asset writedowns.
The South Pars Gas Complex announced that more than 90% of the materials used in its major overhauls are domestically produced, a move officials say ensures sustainable production and strengthens Iran’s tech-based economy.
The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.
Iran’s daily gasoline distribution grew nearly 7% this year (started March 21), reaching a record of more than 200 million liters in a single day, according to the head of the National Iranian Oil Products Distribution Co.
External Affairs Minister S Jaishankar on Saturday defended India’s energy ties with Russia, saying that New Delhi’s oil purchases were both in national and global interest.
External Affairs Minister S Jaishankar on Saturday defended India’s energy ties with Russia, saying that New Delhi’s oil purchases were both in national and global interest.
From the 14th government's incumbency to Tir (July 22), the Iranian Investment and Economic and Technical Assistance Organization approved 595 foreign investment projects worth $20.379 billion.
Iranian Oil Minister has established a task force for the collection of flare gases.
India has increased crude oil purchases from Russia since 2022, causing tensions with the US, leading to a 25% penalty tariff on India over the existing 25% reciprocal tariff.
Iran has unveiled its first advanced F-class gas turbine with a capacity of 222 MW, with Energy Minister Abbas Aliabadi in attendance. This was reported by Alalam News Network.
Ukraine attacked the Druzhba pipeline for the third time, halting oil deliveries to Slovakia and Hungary. The European Commission has not reacted so far, but US President Donald Trump said he was very angry.
Brent crude futures rose 12 cents to $67.79 a barrel, while West Texas Intermediate (WTI) crude futures rose 13 cents to $63.65.
Russian Foreign Minister Sergei Lavrov announced Russia and India are exploring joint energy ventures, including oil and gas projects in the Far East and Arctic, amid US tariff increases.
The United Kingdom government imposed sanctions on one Iranian individual and four entities on Wednesday with the accusation of what has been called "facilitating Tehran's cross-border activities”.
Ramin Hatami, the integrated planning manager of the National Iranian Oil Company (NIOC), said that the South Ilam Flare Gas Gathering Project (NGL 3100) will convert hundreds of millions of cubic feet of gas annually into feedstock for downstream industries and petrochemical plants.
The US announced new sanctions Thursday targeting individuals and companies it alleged were facilitating Iran’s illicit oil sales.
Brent crude futures rose 46 cents, or 0.7 percent, to $67.30 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 0.8 percent, to $63.21 a barrel.
Russia has a “very special mechanism” to maintain crude oil supplies to India despite punishing US tariffs, a senior Russian diplomat posted in New Delhi said Wednesday.