In a business world that strives for the win-win, U.S. President Donald Trump may achieve the rare lose-lose for consumers and producers with proposed tariffs on Canadian energy — but a windfall for U.S. government revenues.
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The US sanctioned over 30 individuals and vessels, including four Indian firms, for their role in the sale and shipping of Iranian oil. The sanctions come amid ongoing efforts to curb Iran's oil exports, which primarily go to China using a network of shadowy intermediaries and vessels.
The average daily distribution of mazut to power plants from February 19 to 24 reached 58 million liters, marking a 132% increase compared to the same period last year, when the average daily delivery was 25 million liters.
The CEO of Aryasasol Polymer Company announced that the company’s export markets have expanded to 32 countries, up from 16 countries in 2022, driven by direct sales.
World crude oil prices today February 25, 2025
Brent crude oil futures rose 15 cents or 0.2 percent to $74.93 per barrel. West Texas Intermediate (WTI) crude oil rose 23 cents, or 0.3%, to $70.93 a barrel
The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum, the Treasury Department said.
Iran’s oil exports are proceeding without any issues, Deputy Oil Minister Hamid Bovard said on Monday on the sidelines of the third national PetroTech conference.
The CEO of NPC suggests that the petrochemical industry can advance by effectively managing research, leveraging global knowledge, implementing advanced technologies, and embracing innovative thinking.
The National Iranian Gas Company (NIGC) has launched comprehensive programs in technical, managerial, and cultural domains to combat energy waste and reduce emissions.
World crude oil price today February 24, 2025
Brent futures were up 13 cents, or 0.2%, at $74.56 barrel while U.S. West Texas Intermediate crude futures added 11 cents, or 0.2%, to $70.51.
Iraq's oil ministry said in a statement on Saturday that all procedures had been completed to allow the resumption of exports through the Iraq-Turkey pipeline.
Sanctions have slashed Russian oil exports to India by about a quarter in February while the US oil exports have nearly doubled amid the country's plan to increase the purchase of American energy by two-thirds to $25 billion.
The manager of the first refinery at the South Pars Gas Complex announced the production of more than 2,500 tons of gas odorant from 2018 to the present.
The research and technology director of the National Iranian Oil Company (NIOC) announced that three digital super-systems are being implemented across eight oil fields in the country.
The managing director of the National Iranian Oil Products Distribution Company (NIOPDC) stated that the new version of the smart fuel system has been announced with the aim of increasing efficiency and is currently being implemented.
The Deputy for Policy and Development at the Vice Presidency for Science, Technology, and Knowledge-Based Economy emphasized the significance of continuous effort and global competition in technological and innovative advancement.
Oil India Limited has signed a Memorandum of Understanding with Mineral Exploration and Consultancy Limited to collaborate on the exploration and development of critical mineral blocks in India and overseas.
The CEO of the Pars Special Economic Energy Zone (PSEEZ) highlighted the government's emphasis on reducing gas flaring, stating that the South Pars Gas Complex is undertaking a €200 million project.
The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.
The project manager for the Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields announced the launch of a crude oil collection unit at the evaporation pond facilities of the Cheshmeh Khosh oil field.