World crude oil price today, February 18, 2025
Brent crude futures gained 23 cents, or 0.3%, to $75.45 per barrel at 0758 GMT.U.S. West Texas Intermediate crude futures were up 75 cents from Friday's close at $71.49 a barrel.
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US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine.
World crude oil price today February 17, 2025
Brent crude futures edged lower 8 cents, or 0.11%, to $74.66 a barrel at 1202 GMT, and U.S. West Texas Intermediate crude fell 5 cents, or 0.07% at $70.69 a barrel.
Iran’s minister of economy announced negotiations with the head of the OPEC Fund, along with an agreement to secure financing for Iranian contractors in international projects through the fund.
The Vice President praised the Ministry of Oil's cooperation in implementing technology-based production laws and their representative's participation in the Strategic Council for Technologies and Technology-Based Products.
has signed an agreement with private investors to develop solar power plants by the summer of 2025, aiming to address the country’s electricity supply imbalance.
Since the summer of 2020, the National Iranian Oil Company (NIOC) has injected more than 2 billion kilowatt-hours of electricity generated by the West Karoun Power Plant into the national grid to help meet the country's electricity demand.
World crude oil prices today, February 14, 2024
Brent futures were up 23 cents, or 0.3%, at $75.25 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 16 cents, or 0.2%, to $71.45.
Trump announced an agreement with Indian Prime Minister Modi, involving India importing more US oil and gas to reduce trade deficit between the two nations.
Petrobras, Brazil's state-owned energy company, has signed two MOUs and one framework agreement with India's state energy firms for cooperation in the oil and gas sector.
The CEO of Iran Oil Terminals Company emphasized the crucial role of the company in receiving, storing, and exporting oil and gas condensates.
World crude oil price today February 13, 2025
Brent futures were down 68 cents, or 0.9%, at $74.50 a barrel by 0515 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 65 cents, or 0.9%, to $70.72.
According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.
World crude oil prices today, February 12, 2025
Brent futures fell 25 cents, or 0.3%, to $76.75 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 28 cents, or 0.4%, to $73.04 a barrel.
Oil India Ltd has signed an agreement with Petrobras to jointly bid for oil and gas exploration blocks in India, its chairman Ranjit Rath told Reuters on Tuesday.
Global Crude Oil Prices on February 11, 2025
Brent crude rose by 24 cents, or 0.32%, to $76.11 per barrel, while U.S. West Texas Intermediate (WTI) crude increased by 19 cents, or 0.26%, to $72.51 per barrel.
India plans to launch new oil and gas licensing rounds this week, according to Oil Minister Hardeep Puri, as the country aims to increase its domestic hydrocarbon supply.
World crude oil prices today, February 10, 2025
Brent crude futures climbed 51 cents, or 0.7%, to $75.17 a barrel while U.S. West Texas Intermediate crude was at $71.45 a barrel, up 45 cents, or 0.6%.
The CEO of Pars Oil and Gas Company (POGC) highlighted the significant role of South Pars in Iran’s economy and national security, stating that the field contributes $100 billion annually to the country’s gross domestic product (GDP).
Iran's Oil Minister Mohsen Paknejad dismissed the US policy of exerting maximum pressure to curb Iran's oil exports as a failed strategy, emphasizing that reducing the Islamic Republic's oil exports to zero is an unattainable goal.