Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 27.022 million barrels per day (bpd) of oil in May, according to the group’s latest report.
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Iranian Foreign Minister Abbas Araghchi said targeting Iranian oil installation in Persian Gulf is part of attempts to extend the war.
World crude oil price today June 17, 2025
Brent crude futures rose 82 cents, or 1.1 percent, to $74.05 a barrel. U.S. West Texas Intermediate crude rose 77 cents, or 1.1 percent, to $72.54.
As geopolitical tensions in West Asia escalate, particularly with the intensifying Israel-Iran conflict, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday assured the nation that India is well-positioned to meet its fuel demands without disruption.
President Masoud Pezeshkian emphasized standing firm against enemy aggression, stating that the government is working to ensure people’s daily lives remain unaffected.
attack on Iran’s oil facilities in Asaluyeh is a clear sign of the Zionist regime’s intent to drag others into this conflict, the Foreign Ministry spokesperson said.
Bazan Group says that as a result of the Iranian strike on its oil refinery in the Haifa Bay, all its facilities have been shut down.
World crude oil price today June 16, 2025
Brent crude futures rose 64 cents, or 0.86 percent, to $74.87 a barrel, while U.S. West Texas Intermediate crude futures rose 76 cents, or 1.04 percent, to $73.74.
French oil major TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business, its chief executive Patrick Pouyanne said on Monday.
The Economic Cooperation Organization (ECO) condemned the Zionist regime's aggression against the Islamic Republic of Iran in a statement, calling it a clear violation of Iran's sovereignty and territorial integrity.
The Organization of the Petroleum Exporting Countries (OPEC) has extends condolences over the recent aggression by the Zionist regime against Iran, a key member of the oil-producing bloc, in a formal letter addressed to Iranian officials.
Iran’s oil minister visited the Rey oil depot Sunday to assess the situation following an overnight attack by the Israeli regime on the facility.
The Phase 14 refinery of South Pars and the Fajr Jam gas refinery were targeted in an attack by the Zionist regime on Saturday afternoon. Currently, the situation at both facilities is fully under control, with necessary measures underway to ensure safety and maintain operations.
The Tehran Oil Refinery in Rey City continues normal operations and has not been attacked.
The Tehran Fire Department spokesperson stated that the warehouse that caught fire in the Shahran district contained petroleum products other than gasoline.
Israel’s attack on Iran and heightened tensions in the area pose significant risks to India in terms of curtailed supplies of oil and a 40-50% increase in the export costs, according to analysts and trade experts.
Iran's Free Zones High Council reported $1.5 million worth of commodities from Chabahar Free Trade Zone in the first two months of the current Iranian calendar year.
Iran Oil Minister Mohsen Paknejad condemned the Zionist regime's attack on military commanders, scientists, and defenseless women and children, highlighting the regime's inhumane nature.
The Tabriz Oil Refining Company stated that no attack or damage has occurred at the Tabriz refinery and that operational activities are proceeding as usual.
World crude oil price today, June 13, 2025
Brent crude futures rose $4.57, or about 6.59 percent, to $73.93 a barrel. U.S. West Texas Intermediate crude rose $4.53, or 6.66 percent, to $72.57.