World crude oil price today June 17, 2025
Brent crude futures rose 82 cents, or 1.1 percent, to $74.05 a barrel. U.S. West Texas Intermediate crude rose 77 cents, or 1.1 percent, to $72.54.
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As geopolitical tensions in West Asia escalate, particularly with the intensifying Israel-Iran conflict, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday assured the nation that India is well-positioned to meet its fuel demands without disruption.
President Masoud Pezeshkian emphasized standing firm against enemy aggression, stating that the government is working to ensure people’s daily lives remain unaffected.
attack on Iran’s oil facilities in Asaluyeh is a clear sign of the Zionist regime’s intent to drag others into this conflict, the Foreign Ministry spokesperson said.
Bazan Group says that as a result of the Iranian strike on its oil refinery in the Haifa Bay, all its facilities have been shut down.
World crude oil price today June 16, 2025
Brent crude futures rose 64 cents, or 0.86 percent, to $74.87 a barrel, while U.S. West Texas Intermediate crude futures rose 76 cents, or 1.04 percent, to $73.74.
French oil major TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business, its chief executive Patrick Pouyanne said on Monday.
The Organization of the Petroleum Exporting Countries (OPEC) has extends condolences over the recent aggression by the Zionist regime against Iran, a key member of the oil-producing bloc, in a formal letter addressed to Iranian officials.
Iran’s oil minister visited the Rey oil depot Sunday to assess the situation following an overnight attack by the Israeli regime on the facility.
The Phase 14 refinery of South Pars and the Fajr Jam gas refinery were targeted in an attack by the Zionist regime on Saturday afternoon. Currently, the situation at both facilities is fully under control, with necessary measures underway to ensure safety and maintain operations.
The Tehran Oil Refinery in Rey City continues normal operations and has not been attacked.
The Tehran Fire Department spokesperson stated that the warehouse that caught fire in the Shahran district contained petroleum products other than gasoline.
Israel’s attack on Iran and heightened tensions in the area pose significant risks to India in terms of curtailed supplies of oil and a 40-50% increase in the export costs, according to analysts and trade experts.
Iran Oil Minister Mohsen Paknejad condemned the Zionist regime's attack on military commanders, scientists, and defenseless women and children, highlighting the regime's inhumane nature.
The Tabriz Oil Refining Company stated that no attack or damage has occurred at the Tabriz refinery and that operational activities are proceeding as usual.
World crude oil price today, June 13, 2025
Brent crude futures rose $4.57, or about 6.59 percent, to $73.93 a barrel. U.S. West Texas Intermediate crude rose $4.53, or 6.66 percent, to $72.57.
Israeli regime launched unprovoked military aggression against Iran, killing IRGC commanders, nuclear scientists, and civilians, including revered leaders.
Iran Gas Engineering and Development Company completed a 3-kilometer subsea pipeline under the Persian Gulf seabed, marking a significant milestone in the Bandar Abbas-Laft-Gourzin gas transmission line project.
The Iranian Oil Refining and Distribution Company (NIORDC) has announced that recent Zionist regime attacks have not caused any damage to the country's refinery facilities or oil storage sites.
World crude oil price today June 12, 2025
Brent crude futures fell 73 cents, or 1.1 percent, to $69.04 a barrel, while U.S. West Texas Intermediate crude fell 66 cents, or 1 percent, to $67.49 a barrel.