US tariffs on India's energy sector are not just geopolitical but also a complex legal issue affecting corporates, causing increased legal discourse across the industry supply chain.
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The United States has imposed a new round of sanctions targeting the independent Shouguang Luqing refinery in China, which imports up to 60,000 barrels of Iranian crude oil per day.
World crude oil prices today, April 3, 2025
Brent crude futures fell $1.97, or 2.63 percent, to $72.98 a barrel. West Texas Intermediate crude futures fell $2.01, or 2.80 percent, to $69.70.
Canada's Trans Mountain oil pipeline has revised its oil flow forecasts for the next three years due to slower usage of the newly expanded pipeline.
India's crude oil imports from the US surged by 67% in March, driven by a surge in Indian refiners replacing Russian volumes and US pressure for increased American energy purchases.
Abadan Oil Refining Company CEO reports a 3-million-liter increase in gasoline production under the 14th administration, accounting for 17% of the country's gasoline, 22% of diesel, and 42% of mazut.
World crude oil prices today, April 2, 2025
Brent crude futures were unchanged at $74.49 a barrel after falling 0.4 percent on Tuesday. U.S. West Texas Intermediate crude rose 3 cents to $71.23 after falling 0.4 percent.
Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine.
Iran's National Oil Refining and Distribution Company CEO aims for faster implementation of RHU project at Isfahan refinery to reduce air pollution, increase profitability, and prevent fuel import costs.
World crude oil price today, April 1, 2025
Brent crude futures rose 9 cents, or 0.1 percent, to $74.86 a barrel. U.S. West Texas Intermediate crude rose 8 cents, or 0.1 percent, to $71.56.
"During the operation on Monday, the IRGC Navy seized two tankers called Start 1 and Vintage, which were carrying more than three million liters of smuggled diesel fuel," PressTV reports.
World crude oil prices today, March 31, 2025
June Brent crude futures rose 11 cents, or 0.15 percent, to $72.87 a barrel, while U.S. West Texas Intermediate crude rose 8 cents, or 0.12 percent, to $69.44 a barrel.
U.S. President Donald Trump's threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine.
The CEO of the Iranian Central Oil Fields Company (ICOFC) outlined the company’s major achievements in 1403 and announced plans for technical and contractual negotiations to develop 16 gas fields and launch key projects in 1404.
A tanker carrying Russian crude for state-run Indian Oil Corp. has been denied entry to a local port due to a lack of proper documentation on its seaworthiness, according to people familiar with the development.
Oil minister emphasized prioritizing refining projects based on the available financial resources, and stated that attracting public investments for implementing small-scale refining projects is on the agenda.
Indian port authorities denied entry to an ageing tanker loaded with Russian crude on Thursday due to inadequate documentation, sources familiar with the matter said, an unusual move that indicates tightened scrutiny of vessels carrying Russian oil.
The CEO of Arvandan Oil and Gas Company announced the full installation of a drilling rig in the joint Arvand oil field to carry out well repair operations and drill a new well.
World crude oil price today March 27, 2025
Brent crude futures fell 23 cents, or 0.3 percent, to $73.56 a barrel. U.S. West Texas Intermediate crude fell 21 cents, or 0.3 percent, to $69.44.
Saudi Aramco is in discussions to invest in two planned refineries in India, seeking a stable crude outlet in the fastest-growing emerging market.