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.
OIL Feed Atom
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.
The National Iranian Oil Company (NIOC) is implementing significant plans for the development of oil and gas fields, prioritizing these projects as key components of its developmental strategy.
President Trump declared a national energy emergency as soon as he took office. The declaration had the goal of facilitating growth in energy supply or, as Trump likes to call it "Drill, baby, drill." Yet this time, Baby doesn't feel much like drilling. And it's saying this loud and clear.
The Tehran Oil Refining Company produces approximately 6.5 million barrels of gasoline per day, along with 14 million liters of diesel, according to the company’s head.
The U.S. Treasury said on Thursday it is imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to boost pressure on Tehran.
The global price of crude oil today, February 7, 2025
Brent oil increased by 32 cents to 74 dollars and 61 cents per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude oil rose 24 cents to $70.85 a barrel.