OIL Feed Atom

Localizing EOR technology to boost crude output Localizing EOR technology to boost crude output

1 month ago

30 December 2025

4:03 AM

The head of research and technology at the National Iranian Oil Company said more than 51% of Iran’s recoverable oil reserves have already been produced, underscoring the need to accelerate the development and localization of enhanced oil recovery (EOR) technologies to protect remaining reserves and sustain output.

Global Crude Oil Prices Today (December 29, 2025) / Brent Oil Rises to $61.27

1 month ago

29 December 2025

8:02 AM

Brent crude futures rose by 63 cents (equivalent to 1.04%) to $61.27 per barrel. U.S. West Texas Intermediate (WTI) crude futures increased by 58 cents (equivalent to 1.02%) to $57.32.

India Seeks Over $30 Billion from Reliance and BP in Arbitration Over KG-D6 Gas Field Underproduction

1 month ago

29 December 2025

5:48 AM

India is pursuing more than $30 billion in compensation from Reliance Industries and partner BP in a long-running arbitration dispute, alleging the companies failed to produce vast amounts of natural gas from deepwater fields due to mismanagement, sources familiar with the matter told Reuters exclusively.

Second Azadegan CTEP boosts oil output, jobs, supply chain resilience

1 month ago

29 December 2025

5:06 AM

The opening of the second train of the central processing unit at the South Azadegan shared oil field will play a key role in sustainable development in the West Karoun region by expanding stable processing capacity, stabilizing production, strengthening the transfer chain and creating jobs, the deputy head of Parliament’s Energy Committee said.

India Faces Pressure Over Russian Oil Imports Shift

1 month ago

28 December 2025

3:05 AM

U.S. tariffs and diplomatic claims put India’s balancing act between cheap Russian oil and American demands under the spotlight as officials and industry await hard data on import cuts.

Oil sale proceeds deposits overseen by CBI, minister says

1 month ago

28 December 2025

3:02 AM

Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.

Global Crude Oil Prices Today (December 26, 2025)/ Brent Rises to $62.36

1 month ago

26 December 2025

12:19 PM

Brent crude oil futures rose 12 cents (0.19%) to $62.36 per barrel. U.S. West Texas Intermediate (WTI) crude futures increased 19 cents (0.33%) to $58.54 per barrel.

South Azadegan production capacity hits 160,000 barrels a day

1 month ago

26 December 2025

12:03 PM

The chief executive of Petropars Group said the operational capacity of the South Azadegan joint oil field has increased to 160,000 barrels per day, citing the start-up of the second train of the central processing facility and the gradual return of wells to production.

Oil sales volume remains strong, minister says

1 month ago

26 December 2025

11:58 AM

Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.

Global Crude Oil Prices Today (December 25, 2025) / Brent Oil Price Falls to $62.24

1 month ago

25 December 2025

11:55 AM

Brent crude futures settled 14 cents lower (0.2 percent) at $62.24 per barrel. U.S. West Texas Intermediate (WTI) crude futures declined 3 cents (0.05 percent) to $58.29.

White House orders military to focus on ‘quarantine’ of Venezuela oil

1 month ago

25 December 2025

7:05 AM

The White House has directed U.S. forces to prioritize enforcing a quarantine on Venezuelan oil for the next two months. This signals Washington’s preference to pressure Caracas through economic leverage rather than military action.

India’s largest company has resumed oil purchases from Russia

1 month ago

25 December 2025

6:56 AM

India's largest oil refiner, Reliance Industries Ltd., has resumed oil purchases from Russia for its plant in Gujarat. This was reported by Bloomberg, citing sources.

Paknejad says oil sale discounts have declined

1 month ago

25 December 2025

6:48 AM

Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.

World Oil Prices Today — December 24, 2025 / Brent Crude Rises to $62.55

1 month ago

24 December 2025

9:34 AM

The front-month Brent crude oil futures contract rose by $0.17 (0.27%) to $62.55 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures contract increased by $0.20 (0.34%) to $58.58 per barrel.

Over 20 Russian Oil Tankers Stuck in ‘Traffic Jam’ Off Coasts of India and China

1 month ago

24 December 2025

2:11 AM

A growing backlog of at least 20 tankers loaded with Russian crude has formed off the coasts of India and China, turning vast volumes of oil into floating storage as unloading delays mount despite Russia’s exports hitting a more than two-and-a-half-year high.

Global Crude Oil Prices Today (December 23, 2025) / Brent Crude Rises to $62.14

1 month ago

23 December 2025

10:50 AM

Brent crude futures rose by 7 cents (0.11%) to $62.14 per barrel. U.S. West Texas Intermediate (WTI) crude increased by 4 cents (0.07%) to $58.05 per barrel.

China Emerges as the Dominant Force Shaping Global Oil Prices, Overtaking OPEC+

1 month ago

23 December 2025

4:41 AM

In 2025, China has supplanted OPEC+ as the key oil price setter by using its import and storage strategy to enforce both a floor and a ceiling on crude prices.

India’s Stock Rally Masks Attractive Year-End Bargains in Energy Stocks

1 month ago

23 December 2025

4:34 AM

Despite record highs in India’s main indices, several fundamentally strong large-cap stocks are near 52-week lows, creating potential buying opportunities.

PDA rolled out for oil industry

1 month ago

23 December 2025

4:11 AM

Iran’s oil minister issued a standardized Innovative Product Development Agreement, known as the PDA, to support the use of advanced products and expand domestic manufacturing by new technology-based firms (NTBFs) across the oil industry.

Oil Prices Rise Globally Today (December 22, 2025) / Brent Crude Reaches $61.58 Amid Increase

1 month ago

22 December 2025

1:43 PM

Brent crude futures rose by $1.11 (1.84%) to $61.58 per barrel. U.S. West Texas Intermediate (WTI) crude futures increased by $1.04 (1.84%) to $57.56 per barrel.

RoydadNaft

Latest News of Oil, Gas and Petrochemical industry

OIL Feed Atom

Localizing EOR technology to boost crude output Localizing EOR technology to boost crude output

Global Crude Oil Prices Today (December 29, 2025) / Brent Oil Rises to $61.27

India Seeks Over $30 Billion from Reliance and BP in Arbitration Over KG-D6 Gas Field Underproduction

Second Azadegan CTEP boosts oil output, jobs, supply chain resilience

India Faces Pressure Over Russian Oil Imports Shift

Oil sale proceeds deposits overseen by CBI, minister says

Global Crude Oil Prices Today (December 26, 2025)/ Brent Rises to $62.36

South Azadegan production capacity hits 160,000 barrels a day

Oil sales volume remains strong, minister says

Global Crude Oil Prices Today (December 25, 2025) / Brent Oil Price Falls to $62.24

White House orders military to focus on ‘quarantine’ of Venezuela oil

India’s largest company has resumed oil purchases from Russia

Paknejad says oil sale discounts have declined

World Oil Prices Today — December 24, 2025 / Brent Crude Rises to $62.55

Over 20 Russian Oil Tankers Stuck in ‘Traffic Jam’ Off Coasts of India and China

Global Crude Oil Prices Today (December 23, 2025) / Brent Crude Rises to $62.14

China Emerges as the Dominant Force Shaping Global Oil Prices, Overtaking OPEC+

India’s Stock Rally Masks Attractive Year-End Bargains in Energy Stocks

PDA rolled out for oil industry

Oil Prices Rise Globally Today (December 22, 2025) / Brent Crude Reaches $61.58 Amid Increase