The U.S. depends on Canadian oil imports, despite comments by President Trump that the U.S. does not need to import goods including oil and gas from Canada, Cenovus Energy CEO Jon McKenzie said Tuesday, according to Reuters.
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Iran’s oil minister denied claims of declining oil exports, stating that the Oil Ministry is prepared to install a drilling rig in the Arash oil field.
World crude oil price today June 11, 2025
Brent crude futures rose 9 cents, or 0.1 percent, to $66.96 a barrel, while U.S. West Texas Intermediate crude rose 18 cents, or 0.3 percent, to $65.16.
India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry.
The NISOC's deputy of operations announced that the 36-inch Ahvaz-Omidiyeh export pipeline has been reassigned to transport heavy oil after the commissioning of a new 30-inch pipeline for light oil.
The Economic Council's recent approval will simplify upstream oil and gas contract procedures, reducing the time between investor proposals and finalizing agreements at the National Iranian Oil Company.
World crude oil price today, June 10, 2025
Brent crude futures rose 16 cents, or 0.2 percent, to $67.20 a barrel. U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $65.43.
World crude oil price today, June 9, 2025
Brent crude futures rose 4 cents to $66.51 a barrel by 9:40 GMT, while U.S. West Texas Intermediate crude fell 1 cent to $64.57.
Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.
The CEO of the National Iranian South Oil Company (NISOC) announced plans to cut daily gas flaring by 200 million cubic feet this year.
Brent crude oil price today, June 6, 2025
Brent crude futures fell 11 cents, or 0.2 percent, to $65.23 a barrel. U.S. West Texas Intermediate crude fell 12 cents, or 0.2 percent, to $63.25.
Oil Minister Mohsen Paknejad said the oil industry achieved full self-sufficiency in development and production during tough sanction years, attributing the success to the relentless efforts of Iranian experts, specialists, and youth.
World crude oil price today, June 5, 2025
Brent crude futures rose 15 cents, or 0.2 percent, to $65.01 a barrel. U.S. West Texas Intermediate crude rose 11 cents, or 0.2 percent, to $62.96 a barrel.
World crude oil prices today, June 4, 2025
Brent crude futures fell 17 cents, or 0.3 percent, to $65.46 a barrel, while U.S. West Texas Intermediate crude fell 19 cents, or 0.3 percent, to $63.22 a barrel.
India's Russian crude oil imports reached a 10-month high of 1.96 million barrels per day in May, driven by continued availability at significant discounts compared to global benchmark prices.
TotalEnergies Azerbaijan has introduced an automated subsea pipeline cleaning system for the second phase of Absheron gas field development, aiming to significantly reduce operational costs and downtime.
Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa.
World crude oil prices today, June 3, 2025
Brent crude rose 5 cents, or 0.1 percent, to $64.68 a barrel. U.S. West Texas Intermediate crude rose 16 cents, or 0.3 percent, to $62.68 a barrel.
Iran’s refining capacity has increased to 2.4 million barrels per day, with the Abadan refinery accounting for the largest share of this growth, according to Mohammad-Ali Dadvar, deputy CEO of the National Iranian Oil Refining and Distribution Company (NIORDC).
World crude oil prices today, June 2, 2025
Brent crude futures rose $1.74, or 2.77 percent, to $64.52 a barrel. U.S. West Texas Intermediate crude rose $1.94, or 3.19 percent, to $62.73.