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India Navy Launch Rescue Operation After Pulau-Flagged Oil Tanker Catches Fire In Gulf Of Oman

1 year ago

30 June 2025

8:23 AM

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.

MP praises Oil Ministry’s efforts during 12-day war

1 year ago

30 June 2025

8:10 AM

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 to initiate sanctions against countries that buy Russian oil the most

1 year ago

29 June 2025

7:12 AM

Ukraine will initiate appropriate sanctions against those countries that buy the most Russian oil, Ukrainian Foreign Minister Andriy Sybiha said.

NIOC: Oil industry did not halt amid threats

1 year ago

29 June 2025

6:57 AM

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 Seeks Exit from Argentine Shale Oil Assets

1 year ago

28 June 2025

8:49 AM

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 oil imports from US surged over 270% in first four months of year

1 year ago

28 June 2025

8:30 AM

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 oil price rose to $68.09 a barrel

1 year ago

27 June 2025

8:41 AM

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 Iran oil imports surge in June on rising shipments, teapot demand

1 year ago

27 June 2025

8:23 AM

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.

India’s oil import from Iran “depends on market factors, prevailing global situation”: MEA

1 year ago

27 June 2025

7:22 AM

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: Development of joint oilfields continues strongly

1 year ago

27 June 2025

7:14 AM

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.

Oil Ministry’s key role in fuel management during crisis

1 year ago

27 June 2025

7:09 AM

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 oil rose to $68.21

1 year ago

26 June 2025

8:51 AM

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.

India plans new strategic oil reserves at six sites to boost energy security

1 year ago

26 June 2025

7:20 AM

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 exceeds regional average: World Bank

1 year ago

26 June 2025

7:12 AM

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 oil price rose to $67.99

1 year ago

25 June 2025

7:15 AM

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.

US sanctions bill threatens 500% tariffs on India over Russian oil imports

1 year ago

25 June 2025

7:04 AM

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.

Iran’s oil output uninterrupted despite tensions: NIOC

1 year ago

25 June 2025

6:59 AM

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).

Tehran governor general appreciates Oil Ministry for fuel supply

1 year ago

25 June 2025

6:54 AM

Tehran Governor General Mohammad-Sadeq Motamedian said Tuesday that despite multiple attacks on fuel storage facilities by enemy forces, fuel delivery continued uninterrupted with the help of neighboring provinces and armed forces.

World crude oil price today June 24, 2025

Brent crude oil price fell to $67.66

1 year ago

24 June 2025

7:33 AM

Brent crude fell $3.82, or 5.3 percent, to $67.66 a barrel. U.S. West Texas Intermediate crude fell $3.75, or 5.5 percent, to $64.76 a barrel.

Half of India’s LNG imports come from Qatar and UAE, relying on Strait of Hormuz for supplies

1 year ago

24 June 2025

7:01 AM

Half of India‘s total natural gas requirement is met via imports that come through the Strait of Hormuz – supplied by Qatar and the UAE – and thus stands exposed to a higher risk of disruption, according to experts who track movement of energy supplies.

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Latest News of Oil, Gas and Petrochemical industry

OIL Feed Atom

India Navy Launch Rescue Operation After Pulau-Flagged Oil Tanker Catches Fire In Gulf Of Oman

MP praises Oil Ministry’s efforts during 12-day war

Ukraine to initiate sanctions against countries that buy Russian oil the most

NIOC: Oil industry did not halt amid threats

TotalEnergies Seeks Exit from Argentine Shale Oil Assets

India’s oil imports from US surged over 270% in first four months of year

World crude oil price today June 27, 2025

Brent crude oil price rose to $68.09 a barrel

China’s Iran oil imports surge in June on rising shipments, teapot demand

India’s oil import from Iran “depends on market factors, prevailing global situation”: MEA

PEDEC: Development of joint oilfields continues strongly

Oil Ministry’s key role in fuel management during crisis

World crude oil price today June 26, 2025

Brent crude oil rose to $68.21

India plans new strategic oil reserves at six sites to boost energy security

Pakistan’s energy intensity exceeds regional average: World Bank

World crude oil price today, June 25, 1404

Brent crude oil price rose to $67.99

US sanctions bill threatens 500% tariffs on India over Russian oil imports

Iran’s oil output uninterrupted despite tensions: NIOC

Tehran governor general appreciates Oil Ministry for fuel supply

World crude oil price today June 24, 2025

Brent crude oil price fell to $67.66

Half of India’s LNG imports come from Qatar and UAE, relying on Strait of Hormuz for supplies