The delivery of mazut to power plants from October 22, 2024 to January 31, 2025 increased by more than 1.7 billion liters compared to the same period last year.
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World crude oil prices today February 4, 2025
Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while U.S. West Texas Intermediate (WTI) crude declined 89 cents, or 1.2%, to trade at $72.27.
South Pars Gas Complex has set a new record for gas processing and transmission, delivering over 595 million cubic meters of sweetened gas to the national grid.
Iran's oil industry, a symbol of self-sufficiency and independence, has made significant strides since the Islamic Revolution, utilizing domestic capabilities and indigenous expertise.
The 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 03 February 2025.
World crude oil prices today February 3, 2025
U.S. West Texas Intermediate crude futures rose $1.44, or 2 percent, to $73.97 a barrel. Brent crude futures rose 62 cents, or 0.8 percent, to $76.29 a barrel.
CEO of Pars Oil and Gas Company (POGC) stated that a pressure-boosting plan has been defined for seven hubs in South Pars offshore, but to expedite the process, pressure boosting for the first hub will also be implemented onshore.
The manager of Refinery 9 at the South Pars Gas Complex announced that nearly 21 billion cubic meters (bcm) of gas were processed and transferred to the national grid during the first 10 months of the Iranian calendar year 1403 (March 19, 2024–January 19, 2025).
Following the inauguration of the 14th administration in Iran, the National Iranian Oil Company (NIOC) has taken significant steps to address gas shortages, increase oil production, and develop infrastructure in the oil industry.
U.S. fuel prices are expected to increase due to President Trump's tariffs on Canadian and Mexican oil. The tariffs aim to address immigration and drug smuggling issues but may counteract efforts to control inflation, affecting costs for refiners and ultimately consumers.
The National Iranian Gas Company (NIGC) announced that in the past 24 hours, gas consumption in the country has reached 876 million cubic meters (mcm).
The CEO of the National Iranian Gas Company (NIGC) announced the commissioning of 3,984 gas supply and development projects in celebration of the Ten Days of Fajr and ahead of the anniversary of the Islamic Revolution.
Iranian firm NTBF, with support from the National Iranian Oil Company, has unveiled its first domestically produced radar-based tank level gauge and comprehensive hydrocarbon tank monitoring software.
The 1st Boushehr Exhibition of Oil, Gas, Energy, Refining and Petrochemical Industry has opened in southern Boushehr province, the head of Boushehr International Exhibitions Company said.
South Pars Refinery 7 manager announced significant production optimization measures, with output expected to significantly increase by March 20th of this Iranian year.
India increased its imports of Russian crude oil by 13% in January, 9% from December, and 9% from a year earlier, thanks to Indian refiners taking advantage of the 49-day grace period.
Lukoil, Russia's second-largest oil producer, plans to raise around $2 billion from the sale of its Burgas oil refinery in Bulgaria, according to Bulgaria's Prime Minister Rosen Zhelyazkov.
The National Iranian Gas Company (NIGC) delivered over 130 million cubic meters of gas to the power plant sector, marking an unprecedented winter season volume due to current temperatures.
Global Oil Prices on 1 February 2025
The price of Brent crude oil rose by 38 cents, or 0.49%, today, reaching $77.25 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude increased by 60 cents, or 0.82%, trading at $73.33 per barrel.
World crude oil price today January 30, 2025
Brent crude futures were down 7 cents, or 0.09%, at $76.51 a barrel by 0738 GMT. U.S. crude futures were little changed at 2 cents up, or 0.03%, to $72.64. U.S.