Iran’s oil minister emphasized the country’s readiness to expand and strengthen bilateral cooperation in oil, gas, refining and petrochemicals during a meeting with Bolivia’s minister of energy and hydrocarbons.
OIL Feed Atom
World crude oil prices today, April 28, 2025
Brent crude futures fell 13 cents, or 0.19 percent, to $66.74 a barrel. U.S. West Texas Intermediate crude fell 12 cents, or 0.19 percent, to $62.90 a barrel.
Indian Oil GPS Renewables plans to invest Rs 1,200 crore in ten Compressed Biogas (CBG) projects across Uttar Pradesh, Haryana, Chhattisgarh, and Andhra Pradesh, marking a significant biofuel industry milestone.
A growing number of Russian insurance firms, some of which sanctioned by the U.S., have applied with India's authorities to insure tankers shipping Russian crude oil to India, according to various sources familiar with the matter.
Iran plans to increase its crude oil production by 400,000 barrels per day (bpd) within the next eight months, according to the head of the National Iranian Oil Company (NIOC).
World crude oil prices today, April 25, 2025
Brent crude futures fell 41 cents to $66.14 a barrel. U.S. West Texas Intermediate (WTI) crude fell 36 cents to $62.43 a barrel.
Traders and buyers have reshuffled tanker supply chains following the U.S. sanctions on Russia’s oil trade and shadow tanker fleet from early this year. China and India are taking in more Russian oil again in April.
World crude oil prices today, April 24, 2025
Brent crude futures rose 67 cents, or 1.01 percent, to $66.79 a barrel, while U.S. West Texas Intermediate crude rose 75 cents, or 1.2 percent, to $63.02.
Iran’s oil minister said the potential for trade and economic cooperation between Iran and Russia is far greater than $5 billion, adding that the goal is not just to reach $10 billion but to elevate relations to even higher levels through agreed-upon frameworks.
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.
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.