World crude oil price today April 23, 2025
Brent crude futures rose 54 cents, or 0.8 percent, to $67.98. U.S. West Texas Intermediate crude rose 55 cents, or 0.9 percent, to $64.22.
OIL Feed Atom
Saudi Arabia and India have agreed to strengthen cooperation in the energy sector, including crude oil and petroleum product supply and the construction of two refineries.
Major repairs and installation of a new heat exchanger have increased the gasoline production capacity at the Persian Gulf Star Refinery by three million liters.
The investment director of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized the need for a detailed strategic plan to achieve the refining industry’s vision, stating that implementing new policies to attract investment, ensure energy security, and improve supply chain efficiency is essential.
World crude oil prices today, April 22, 2025
Brent crude futures rose 90 cents, or 1.4 percent, to $67.16 a barrel. U.S. West Texas Intermediate crude futures rose 97 cents, or 1.5 percent, to $64.05.
The CEO of Abadan Oil Refining Company announced the production of fuel for light aircraft using a new formulation at the refinery. Fardin Rashidi stated that the product is sulfur-free and of significantly higher quality than previous fuels.
World crude oil prices today April 21, 2025
Brent crude futures fell $1.19, or 1.75 percent, to $66.77 a barrel. US West Texas Intermediate crude futures fell $1.11, or 1.72 percent, to $63.57.
India attracted over USD 36 billion investment from nine NELP bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry.
Former CEO of NITC emphasizes the importance of supporting Iranian investors in oil and gas sector for public welfare, focusing on domestic and foreign investors.
The US has imposed new sanctions on Iran's oil exports, including against a China-based refinery, as part of President Trump's efforts to intensify sanctions on Tehran.
The Iranian Oil Company has launched 15 energy optimization projects in industrial, construction, and transportation sectors to attract investment and reduce energy consumption.
The National Iranian Drilling Company (NIDC) reported a 6% increase in technical and specialized services performed in the past year, according to its technical deputy.
Brent crude oil world price today April 17, 2025
Brent crude futures rose 68 cents, or 1%, to $66.53 a barrel by 1257 GMT, and U.S. West Texas Intermediate crude was at $63.19 a barrel, up 72 cents, or 1.2%.
Saudi Aramco sees India's refining sector as a strategic growth opportunity, with new refineries planned by BPCL and ONGC.
The CEO of Arvandan Oil and Gas Company said the firm is enabling informed investor decision-making by clarifying investment opportunities and providing accurate data.
World crude oil price today, April 16, 2025
Brent crude futures rose 63 cents, or 1 percent, to $65.30 a barrel, while U.S. West Texas Intermediate crude rose 59 cents, or 1 percent, to $61.92.
India is committed to increasing exploration acreage to one million sq. km by 2030, and has made policy decisions to get 99% reduction in allowing exploration in “No-Go” areas within India’s Exclusive Economic Zone (EEZ)', he added.
Senior Iranian and Russian energy officials have stressed the need to strengthen bilateral cooperation in the oil sector, focusing on joint development of key oilfields.
Iran’s Oil Industry Research and Technology Fund introduces the "Beta" financing package (Powered by Iran) at an event focused on investment and development in upstream oil and gas.
World crude oil price today, April 15, 2025
Brent crude futures were down 50 cents, or 0.8%, at $64.38 per barrel by 1005 GMT. U.S. West Texas Intermediate crude also dipped 50 cents, or 0.8%, to $61.03 a barrel.