A member of the Iranian Parliament’s Energy Committee described the oil industry’s performance during the 12-day war with the Zionist regime as a prime example of infrastructure resilience, centralized command and organizational cohesion.
OIL Feed Atom
The CEO of Iran’s Offshore Oil Company announced the return of the Salman field’s water injection system to service, stating that with the startup of the gas injection compressor turbine by the end of the first half of this year, oil production from the shared Salman field will increase, and flared gas will also be reduced.
Brent crude futures fell 12 cents, or 0.18 percent, to $67.65 a barrel. U.S. West Texas Intermediate crude fell 36 cents, or 0.55 percent, to $65.16 a barrel.
The Indian Navy swung into action after receiving a distress call of an oil tanker catching fire in the Gulf of Oman on Sunday. Indian Navy's stealth frigate INS Tabar was mobilised to rescue Pulau flagged MT Yi Cheng 6, which reported a major fire after engine failure.
A member of Parliament's Energy Committee praised the Oil Ministry's selfless efforts during the 12-day Zionist regime war, highlighting the selflessness of its employees.
Ukraine will initiate appropriate sanctions against those countries that buy the most Russian oil, Ukrainian Foreign Minister Andriy Sybiha said.
The CEO of the National Iranian Oil Company (NIOC) described Operation "True Promise 3" as a symbol of the Islamic Republic of Iran's defensive strength and the nation’s decisive response to enemy aggression.
TotalEnergies is in advanced discussions to sell its shale oil assets in Argentina, with two suitors submitting bids, aligning with CEO Patrick Pouyann's statement of divesting stakes at the right price.
India's US oil imports surged over 270% YoY in Q1 2025, highlighting its strategy to boost American imports amid trade pact negotiations and diversify crude oil sources.
World crude oil price today June 27, 2025
Brent crude futures rose 36 cents, or 0.53%, to $68.09 a barrel while U.S. West Texas Intermediate crude gained 33 cents, or 0.51%, to $65.57.
China's Iranian oil imports surged in June as shipments accelerated before the recent conflict in the region and demand from independent refineries improved, analysts said.
The Ministry of External Affairs clarified India's position on importing crude oil from Iran on thursday, stating that energy purchases are based on "market factors and the prevailing global situation."
PEDEC CEO emphasizes the strategic importance of border regions like West Karun, stating that shared oilfield development is progressing with coordinated planning and targeted approach.
Iran’s First Vice President praised the Oil Ministry’s effective role in ensuring stable fuel and energy management during the 12-day aggression by the Zionist regime, saying the ministry once again demonstrated its capability and resilience under difficult circumstances.
World crude oil price today June 26, 2025
Brent crude futures rose 53 cents, or 0.8 percent, to $68.21 a barrel. U.S. West Texas Intermediate (WTI) crude rose 56 cents, or 0.9 percent, to $65.48 a barrel.
In a fresh push for energy security, India is planning to set up strategic petroleum reserves (SPRs) at six new locations to guard against global oil supply shocks, Mint reported, citing people familiar with the development.
Pakistan’s energy intensity (the amount of energy needed to produce $1 of GDP) was 4.2 megajoules (million joules, MJ) per USD compared to 1.9 MJ/USD in Bangladesh and just 1.7 MJ/USD in Sri Lanka, says the World Bank.
World crude oil price today, June 25, 1404
Brent crude futures rose 85 cents, or 1.3 percent, to $67.99 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 87 cents, or 1.4 percent, to $65.24.
The United States is threatening India with what one senator has called an “economic bunker-buster”—a dramatic tariff strike if New Delhi continues to buy Russian oil, according to an Economic Times.
Despite recent days of heightened tensions following Israeli’s imposed war, Iran's daily oil production has continued without disruption and all oil installations remain operational, according to the National Iranian Oil Company (NIOC).