The U.S. depends on Canadian oil imports, despite comments by President Trump that the U.S. does not need to import goods including oil and gas from Canada, Cenovus Energy CEO Jon McKenzie said Tuesday, according to Reuters.
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India's natural gas consumption is likely to rise by close to 60 per cent by 2030 and more than double by 2040, on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB.
Iran’s oil minister denied claims of declining oil exports, stating that the Oil Ministry is prepared to install a drilling rig in the Arash oil field.
The CEO of the National Iranian Petrochemical Company emphasizes the importance of environmental protection for sustainable development, highlighting the priority of enhancing cooperation between the petrochemical industry and the Department of the Environment.
The CEO of the National Iranian Oil Company (NIOC) announced that the NGL 3100 project will soon enter its initial launch phase, emphasizing its key role in developing the gas value chain in western Iran.
World crude oil price today June 11, 2025
Brent crude futures rose 9 cents, or 0.1 percent, to $66.96 a barrel, while U.S. West Texas Intermediate crude rose 18 cents, or 0.3 percent, to $65.16.
India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry.
The NISOC's deputy of operations announced that the 36-inch Ahvaz-Omidiyeh export pipeline has been reassigned to transport heavy oil after the commissioning of a new 30-inch pipeline for light oil.
Daily gas extraction from South Pars Phase 11 has risen by 60% during the first 10 months of the 14th administration, increasing from 12 million cubic meters (mcm) to 20 mcm per day.
The Economic Council's recent approval will simplify upstream oil and gas contract procedures, reducing the time between investor proposals and finalizing agreements at the National Iranian Oil Company.
World crude oil price today, June 10, 2025
Brent crude futures rose 16 cents, or 0.2 percent, to $67.20 a barrel. U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $65.43.
Canada’s Prince Rupert Gas Transmission natural gas pipeline project clears a government milestone in time to keep its permit in place.
Indian oil and gas sector is likely to see strong growth through the fiscal years 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.
The CEO of Shahid Hashemi-Nejad Gas Refinery announced that 589 million cubic meters of gas have been injected into the Shourijeh storage reservoir since the start of the injection season (spring) through June 5 this year.
An analysis of gas consumption data from May 31-June 6, shows that the average daily gas consumption by power plants exceeded 281 million cubic meters, peaking on June 2 at over 287 million cubic meters—the highest recorded level.
World crude oil price today, June 9, 2025
Brent crude futures rose 4 cents to $66.51 a barrel by 9:40 GMT, while U.S. West Texas Intermediate crude fell 1 cent to $64.57.
Indian government has announced plans to deploy at least 1,000 hydrogen-powered trucks and buses by 2030.
Pars Oil and Gas Company's CEO announced the completion of the second infill drilling well at the SPD1 platform, increasing the daily production capacity by 1.8 million cubic meters.
Iran's Privatization Organization has transferred around 65 petrochemical companies to the private sector and non-governmental public institutions, removing the government's significant stake in the industry.
From June 2 to 7, more than 801 million liters of gasoline were distributed and consumed across the country, bringing the average daily consumption during this period to over 133 million liters.