Oil India Limited has signed a Memorandum of Understanding with Mineral Exploration and Consultancy Limited to collaborate on the exploration and development of critical mineral blocks in India and overseas.
OIL Feed Atom
The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.
The project manager for the Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields announced the launch of a crude oil collection unit at the evaporation pond facilities of the Cheshmeh Khosh oil field.
The United States jumped to the fifth-largest supplier to India, with imports tripling from December to January, and India plans to further increase US oil and gas imports.
World crude oil price today February 19, 2025
Brent crude futures rose 60 cents, or 0.8 percent, to $76.44 a barrel. U.S. West Texas Intermediate crude futures rose 63 cents, or 0.9 percent, to $72.48.
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
The deputy for international affairs and commerce at Iran’s Ministry of Oil emphasized the need for Caspian Sea littoral states to enhance their cooperation in oil and gas.
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.
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.