Brent crude futures were down 12 cents, or 0.2 percent, at $69.16 a barrel after falling 0.35 percent on Friday. U.S. West Texas Intermediate crude was flat at $67.34 after falling 0.3 percent in the previous session.
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India's petroleum product exports worth USD 15 billion to the European Union (EU) may be at risk as Brussels moves to restrict imports of Russian crude oil refined in third countries, economic think tank GTRI said.
Petrochemical products valued at $2.7 billion were exported from Bushehr province in the southwest of Iran during the first quarter of the current Iranian calendar year (March 21-June 21), according to a provincial official.
Iran's oil and petroleum products pipeline network is set to surpass 15,000 kilometers after major transmission projects are completed and commissioned.
The deputy speaker of Iran’s Parliament praised the operational teams at the Abadan Oil Refinery for containing the fire at Unit 70 of the facility.
India's Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, hopes for a potential reduction in petrol and diesel prices, pending stable global crude oil prices for the next two to three months.
manager of Refinery 10 at the South Pars Gas Complex announced that major maintenance operations have begun on July 16 and will continue until July 30.
The European Union has imposed sanctions on India's Nayara Energy's Vadinar refinery in Gujarat, as part of its 18th sanctions package targeting Russia's energy sector. The move aims to curb Russia's war budget but has sparked India's criticism of the EU's energy trade standards.
Iran has increased crude oil production by 38,000 barrels per day (bpd) at its South Azadegan oilfield over the past 10 months, following the successful drilling and completion of 17 wells, the head of Petropars, the company developing the field, said.
Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said.
Brent crude rose 73 cents, or 1.05 percent, to $70.25 a barrel. U.S. West Texas Intermediate crude rose 83 cents, or 1.23 percent, to $68.37.
State-run Oman LNG has signed a sales and purchase agreement (SPA) with Swiss-based Dutch multinational energy and commodity trader Vitol, the company revealed on May 19.
An Iranian missile attack on Israel's Haifa Bay refinery has caused estimated damages ranging between $150 million and $200 million, according to statements from Bazan Group, the facility’s operator.
Brent crude futures rose 17 cents, or about 0.3 percent, to $68.67 a barrel. U.S. West Texas Intermediate crude futures rose 31 cents, or 0.5 percent, to $66.69.
The price of Iran’s heavy crude oil climbed by $5.88, or 9.2 percent, in June compared to May, reaching $69.13 per barrel, according to OPEC’s latest monthly report.
India's Russian crude imports increased to 1.75 million barrels per day in H1 2025, retaining Russia's 35% share of the Indian oil market. However, the shrinking discount on Urals crude indicates a fading advantage, with shipping costs dropping.
The planning and development director of the National Petrochemical Company (NPC) said the petrochemical sector remains firmly committed to its pre-approved goals and is seriously pursuing the implementation of its programs.
Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.
Brent crude futures fell 17 cents, or 0.3 percent, to $68.54 a barrel. U.S. West Texas Intermediate crude futures fell 11 cents, or 0.2 percent, to $66.41.
The deputy CEO of the National Iranian Drilling Company reported a 78% drilling fleet productivity and a 9.1% reduction in standby time in Q1 due to domestic capabilities and centralized management.