LASTEST NEWS Feed Atom

OPEC+ members reaffirm commitment to market stability

9 months ago

5 April 2025

6:01 AM

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 3, 2025, to review global market conditions and outlook.

World crude oil prices today, April 4, 2025

Brent crude oil price fell to $68.86

9 months ago

4 April 2025

8:25 AM

Brent crude fell $1.28 to $68.86 a barrel, while U.S. West Texas Intermediate crude fell $1.29 to $65.66.

US’s Reciprocal Tariffs: Impact on India’s energy, oil, and gas sectors

9 months ago

4 April 2025

8:01 AM

US tariffs on India's energy sector are not just geopolitical but also a complex legal issue affecting corporates, causing increased legal discourse across the industry supply chain.

Washington targets independent Chinese refinery to restrict Iranian oil exports

9 months ago

4 April 2025

7:54 AM

The United States has imposed a new round of sanctions targeting the independent Shouguang Luqing refinery in China, which imports up to 60,000 barrels of Iranian crude oil per day.

Iranian gas industry over the past year

9 months ago

4 April 2025

7:38 AM

Iran's gas industry achieved 95% national gas coverage in 2024-2025, despite challenges, through infrastructure expansion, international agreements, and innovative technologies like smart meters and domestic turbines.

World crude oil prices today, April 3, 2025

Brent crude oil price fell to $72.98

9 months ago

3 April 2025

7:39 AM

Brent crude futures fell $1.97, or 2.63 percent, to $72.98 a barrel. West Texas Intermediate crude futures fell $2.01, or 2.80 percent, to $69.70.

Canada’s Trans Mountain pipeline lowers forecasts for amount of oil it ships

9 months ago

3 April 2025

7:26 AM

Canada's Trans Mountain oil pipeline has revised its oil flow forecasts for the next three years due to slower usage of the newly expanded pipeline.

India Hikes U.S. Crude Oil Imports by 67% in March

9 months ago

3 April 2025

7:21 AM

India's crude oil imports from the US surged by 67% in March, driven by a surge in Indian refiners replacing Russian volumes and US pressure for increased American energy purchases.

Abadan Oil Refinery increases gasoline production by nearly 3m liters

9 months ago

3 April 2025

7:15 AM

Abadan Oil Refining Company CEO reports a 3-million-liter increase in gasoline production under the 14th administration, accounting for 17% of the country's gasoline, 22% of diesel, and 42% of mazut.

Iran’s gasoline demand tops 150m liters

9 months ago

3 April 2025

7:06 AM

Gasoline consumption in Iran reached over 150 million liters on Tuesday, marking a 17% increase compared to the same period last year.

World crude oil prices today, April 2, 2025

Brent crude oil price remained stable

9 months ago

2 April 2025

7:24 AM

Brent crude futures were unchanged at $74.49 a barrel after falling 0.4 percent on Tuesday. U.S. West Texas Intermediate crude rose 3 cents to $71.23 after falling 0.4 percent.

Indian Refiners Seek Alternatives to Russian Crude After Trump Tariff Threat

9 months ago

2 April 2025

7:13 AM

Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine.

Role of Isfahan Refinery’s RHU Project in reducing fuel imports

9 months ago

2 April 2025

7:07 AM

Iran's National Oil Refining and Distribution Company CEO aims for faster implementation of RHU project at Isfahan refinery to reduce air pollution, increase profitability, and prevent fuel import costs.

World crude oil price today, April 1, 2025

Brent crude oil price rose to $74.86

9 months ago

1 April 2025

11:31 AM

Brent crude futures rose 9 cents, or 0.1 percent, to $74.86 a barrel. U.S. West Texas Intermediate crude rose 8 cents, or 0.1 percent, to $71.56.

India raises gas prices from April

9 months ago

1 April 2025

11:20 AM

India raised gas prices by nearly 4% in April to $6.75 per million metric British thermal units, up from $6.50 per mmBtu in the previous month.

Iran seized two foreign tankers

9 months ago

1 April 2025

11:11 AM

"During the operation on Monday, the IRGC Navy seized two tankers called Start 1 and Vintage, which were carrying more than three million liters of smuggled diesel fuel," PressTV reports.

PIDMCO ready to participate in overseas petchem projects

9 months ago

1 April 2025

11:07 AM

PIDMCO CEO plans to engage with new technology-based firms in 2014, aiming to participate in at least one international project involving technical and engineering services, execution, and commodity supply.

World crude oil prices today, March 31, 2025

Brent crude oil price rose to $72.87

9 months ago

31 March 2025

1:11 PM

June Brent crude futures rose 11 cents, or 0.15 percent, to $72.87 a barrel, while U.S. West Texas Intermediate crude rose 8 cents, or 0.12 percent, to $69.44 a barrel.

Trump’s Russia oil tariff threat depends on China, India reaction: Russell

9 months ago

31 March 2025

1:01 PM

U.S. President Donald Trump's threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine.

ICOFC: From gas field development to key project launches

9 months ago

31 March 2025

12:53 PM

The CEO of the Iranian Central Oil Fields Company (ICOFC) outlined the company’s major achievements in 1403 and announced plans for technical and contractual negotiations to develop 16 gas fields and launch key projects in 1404.

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Latest News of Oil, Gas and Petrochemical industry

LASTEST NEWS Feed Atom

OPEC+ members reaffirm commitment to market stability

World crude oil prices today, April 4, 2025

Brent crude oil price fell to $68.86

US’s Reciprocal Tariffs: Impact on India’s energy, oil, and gas sectors

Washington targets independent Chinese refinery to restrict Iranian oil exports

Iranian gas industry over the past year

World crude oil prices today, April 3, 2025

Brent crude oil price fell to $72.98

Canada’s Trans Mountain pipeline lowers forecasts for amount of oil it ships

India Hikes U.S. Crude Oil Imports by 67% in March

Abadan Oil Refinery increases gasoline production by nearly 3m liters

Iran’s gasoline demand tops 150m liters

World crude oil prices today, April 2, 2025

Brent crude oil price remained stable

Indian Refiners Seek Alternatives to Russian Crude After Trump Tariff Threat

Role of Isfahan Refinery’s RHU Project in reducing fuel imports

World crude oil price today, April 1, 2025

Brent crude oil price rose to $74.86

India raises gas prices from April

Iran seized two foreign tankers

PIDMCO ready to participate in overseas petchem projects

World crude oil prices today, March 31, 2025

Brent crude oil price rose to $72.87

Trump’s Russia oil tariff threat depends on China, India reaction: Russell

ICOFC: From gas field development to key project launches