The international tanker market views the activation of the so-called “snapback” mechanism by three European countries, under US pressure, as having no significant effect beyond existing American sanctions, according to Lloyd’s List.
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Iran supplied 50.2 billion cubic meters of natural gas to power plants in the first half of the irannian year 1404, marking a 2 billion cubic meter increase compared with the same period last year, the Oil Ministry announced.
Iran's oil minister outlined measures taken to ensure winter fuel supply this year, stating that actions have been implemented to increase raw gas production which will contribute to the amount of gas delivered to the national grid.
Brent crude rose 6 cents to $66.09 a barrel. U.S. West Texas Intermediate crude rose 4 cents to $62.41 a barrel.
US Energy secretary Chris Wright, who recently said Washington is keen for India to draw down energy purchases from Russia, is expected to visit India in either November or December.
The CEO of the National Iranian Oil Company said innovative and technological ideas must deliver practical results, adding that the company is prepared to shoulder the operational costs and risks of implementing such projects in the oil industry.
The head of Iran’s National Petrochemical Company stressed the need to attract new investments and boost production, urging the use of all available capacities to finance petrochemical projects.
The production oversight director of the National Iranian Oil Company stressed the need to clearly identify challenges in developing the oil industry, saying that with a scientific approach, those challenges can be recognized and resolved.
Brent crude futures fell 53 cents, or 0.8 percent, to $67.44 a barrel. U.S. West Texas Intermediate crude was trading at $62.83 a barrel, down 62 cents, or 1 percent.
India’s industrial output slowed to 4% in August 2025 from 4.3% in July, hit by weak consumer demand and US tariffs on Russian oil imports. Manufacturing, capital goods, and consumer non-durables dragged growth, while mining and infrastructure showed resilience.
The CEO of the National Iranian Oil Company marked National Firefighting and Safety Day by highlighting the bravery of the oil industry’s firefighters and emphasizing the importance of health, safety, environment, and employee well-being in all oil sector activities.
Iran has broken its oil production record for the first time in seven years following new development measures in its oil fields, the oil minister said.
Brent crude futures fell 43 cents, or 0.6 percent, to $69.70 a barrel. U.S. West Texas Intermediate crude fell 49 cents, or 0.8 percent, to $65.23 a barrel.
Russia-backed Indian refiner Nayara Energy is exporting oil products through sanctioned tankers and tapping new markets this month as it revives overseas sales in the aftermath of crippling sanctions, LSEG and Kpler shipping data shows.
The Phase 14 refinery of the South Pars gas field has been handed over to the South Pars Gas Complex (SPGC) as its final operator.
The National Iranian South Oil Company (NISOC) is prioritizing both production continuity and environmental protection, the company’s managing director said.
The head of Khangiran operational zone said that despite sandstorms, extreme heat, and even a 12-day war, the workforce carried out more than 170,000 safe work hours of overhauls to prepare the facilities for maximum production in winter.
The Tehran Gas Company has begun installing emergency gas vent towers in the capital as part of a project to strengthen the city’s resilience to earthquakes and natural disasters.
The National Iranian Oil Company has delivered more than 130 exploratory wells to operating companies, with about 70% of them ready to enter oil and gas production after repair and completion work, a senior official said.
Oil India Ltd has discovered natural gas reserves off the Andaman Islands, the State-owned firm said without putting an estimate of the size of the find.