Iran’s First Vice President praised the Oil Ministry’s effective role in ensuring stable fuel and energy management during the 12-day aggression by the Zionist regime, saying the ministry once again demonstrated its capability and resilience under difficult circumstances.
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The CEO of Pars Oil and Gas Company (POGC) announced the return of the damaged South Pars Phase 14 refinery unit to production, praising the efforts and dedication of employees.
World crude oil price today June 26, 2025
Brent crude futures rose 53 cents, or 0.8 percent, to $68.21 a barrel. U.S. West Texas Intermediate (WTI) crude rose 56 cents, or 0.9 percent, to $65.48 a barrel.
In a fresh push for energy security, India is planning to set up strategic petroleum reserves (SPRs) at six new locations to guard against global oil supply shocks, Mint reported, citing people familiar with the development.
Pakistan’s energy intensity (the amount of energy needed to produce $1 of GDP) was 4.2 megajoules (million joules, MJ) per USD compared to 1.9 MJ/USD in Bangladesh and just 1.7 MJ/USD in Sri Lanka, says the World Bank.
The central Iranian province of Markazi has significantly expanded its solar power infrastructure, with 500 small-scale solar power plants connected to the national grid, a senior energy official announced.
Tehran Governor General Mohammad-Sadeq Motehmadian announced that 28 million liters of gasoline were consumed in a single day, stating that despite the unprecedented surge in demand, fuel supply was maintained without issues.
World crude oil price today, June 25, 1404
Brent crude futures rose 85 cents, or 1.3 percent, to $67.99 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 87 cents, or 1.4 percent, to $65.24.
The United States is threatening India with what one senator has called an “economic bunker-buster”—a dramatic tariff strike if New Delhi continues to buy Russian oil, according to an Economic Times.
Despite recent days of heightened tensions following Israeli’s imposed war, Iran's daily oil production has continued without disruption and all oil installations remain operational, according to the National Iranian Oil Company (NIOC).
Tehran Governor General Mohammad-Sadeq Motamedian said Tuesday that despite multiple attacks on fuel storage facilities by enemy forces, fuel delivery continued uninterrupted with the help of neighboring provinces and armed forces.
President Masoud Pezeshkian said the latest victory against the US-Zionist act of aggression is the result of steadfastness, unity, and resilience of the Iranian people.
World crude oil price today June 24, 2025
Brent crude fell $3.82, or 5.3 percent, to $67.66 a barrel. U.S. West Texas Intermediate crude fell $3.75, or 5.5 percent, to $64.76 a barrel.
Half of India‘s total natural gas requirement is met via imports that come through the Strait of Hormuz – supplied by Qatar and the UAE – and thus stands exposed to a higher risk of disruption, according to experts who track movement of energy supplies.
Iran's finance minister confirmed that the country's economy remains stable despite Israeli attacks, with seized goods being redirected into productive use.
Iran’s President Masoud Pezeshkian met separately with the ministers of industry, mining and trade; oil; and agriculture on Monday to discuss ensuring the continuity and efficiency of public service delivery.
US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
World crude oil price today June 18, 2025
Brent crude futures rose 16 cents, or 0.2 percent, to $76.61 a barrel. U.S. West Texas Intermediate crude futures rose 17 cents, also 0.2 percent, to $75.01 a barrel.
India's benchmark indexes fell on Tuesday due to Trump's urging Iranians to evacuate Tehran, escalating fears of a broader regional conflict amid ongoing Israel-Iran hostilities.
Iran's head of the Islamic Republic of Iran Customs Administration (IRICA) revealed that liquefied propane and natural gas were the primary non-oil products exported in the first two months of the current Iranian calendar year.
