Iran’s daily crude shipments to China reached 1.91 million barrels. At least 1.8 million tonnes of Iranian oil arrived in China in March, transported by 10 tankers, as reported by TV BRICS.
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The US on Thursday imposed new sanctions on entities and vessels linked to Iran’s oil industry, stepping up pressure on Tehran just days before talks between the two countries in Oman.
World crude oil price today, April 10, 2025
Brent futures fell 39 cents, or 0.6 percent, to $65.09 a barrel, while U.S. West Texas Intermediate crude fell 29 cents, or 0.5 percent, to $62.06.
Iran’s oil minister announced a meeting with foreign ambassadors next week, emphasizing that Iran welcomes foreign countries—especially neighboring nations—to invest in its oil industry.
World crude oil prices today, April 9, 2025
Brent crude futures fell $1.39, or 2.21 percent, to $61.43 a barrel. U.S. West Texas Intermediate crude fell $1.50, or 2.52 percent, to $58.08.
President Trump’s trade war has triggered a drop in oil prices, giving Saudi Arabia a narrow chance to reassert control over OPEC+ and discipline non-compliant producers. However, Riyadh faces limits in sustaining a price war due to its economic reliance on high oil prices and growing internal alliance tensions.
The CEO of Petroleum Engineering and Development Company (PEDEC) emphasized investment as the key prerequisite for realizing new oil and gas production capacities and stressed the need for active private sector participation.
World crude oil prices today, April 8, 2025
Brent futures rose 66 cents, or 1 percent, to $64.87 a barrel, while U.S. West Texas Intermediate crude rose 67 cents, or 1.1 percent, to $61.37.
The National Iranian Oil Company (NIOC) is set to host an event this spring aimed at transforming investment and development in Iran's upstream oil and gas sector.
The National Iranian Oil Refining and Distribution Company (NIORDC) has announced that the South Adish and Mehr Persian Gulf refineries will be operational by the end of this year.
NIDC CEO announces $800 million investment from Iranian Oil Company for 15 onshore drilling rigs, with $200-$300 million from forex reserves for ancillary equipment.
World crude oil prices today, April 7, 2025
Brent futures fell $1.41, or 2.15 percent, to $64.17 a barrel, while U.S. West Texas Intermediate crude fell $1.35, or 2.18 percent, to $60.64.
Saudi Arabia, the world's top oil exporter, on Sunday slashed crude oil prices for Asian buyers in May to their lowest in four months, following a recent shock decision by the OPEC+ oil group to speed up oil output hikes.
The National Iranian Oil Company (NIOC) has set Iran’s April crude oil prices, with Iran Light crude for Asian customers priced about $4 above the Oman/Dubai benchmark.
India and the United Arab Emirates agreed to develop an energy hub in Sri Lanka, India's foreign ministry said on Saturday, as New Delhi's competition with China grows in the Indian Ocean island nation.
The Iranian Oil Minister expressed confidence that the OPEC+ Joint Ministerial Monitoring Committee (JMMC), using its experience in accurately assessing market developments, will help member countries play an active, accurate, and prudent role in the oil market.
India’s crude imports from the US reached 244,000 barrels per day (bpd) in March, up from 146,000 bpd in February.
National Iranian Oil Refining and Distribution Company has increased gasoline production at the Isfahan refinery by two million liters per day, according to the company’s head.
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 3, 2025, to review global market conditions and outlook.
World crude oil prices today, April 4, 2025
Brent crude fell $1.28 to $68.86 a barrel, while U.S. West Texas Intermediate crude fell $1.29 to $65.66.