An informed U.S. source said China’s imports of Iranian oil — or oil that may belong to Iran — have dropped to 440,000 barrels a day.
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Brent crude futures dropped $1.65, or 1.6%, to $103.17 a barrel. U.S. West Texas Intermediate (WTI) futures fell 61 cents, or 0.6%, to $101.30 a barrel.
Ahdaf Investment Group has taken three of the five board seats at Persian Gulf Petrochemical Industries Company for the first time, after an extraordinary general meeting of the Iranian petrochemical holding.
The governor of South Khorasan Province said the Nehbandan–Sarbisheh gas transmission line in Iran is more than 80% complete and will enter service before winter.
Two heavy reactors have been successfully installed at Lavan Petrochemical in Iran by Faragostar Pars, a subsidiary of the specialized marine holding of Khatam al-Anbiya Construction Headquarters.
Global liquefied natural gas (LNG) prices could rise sharply this winter as European gas inventories sit at their lowest levels in years and buyers in North Asia compete more aggressively for cargoes. The Strait of Hormuz also remains closed because of the U.S. war with Iran.
The Sept. 10 attacks on Saudi Arabia’s East-West pipeline hit several parts of the system and damaged at least one pump station, forcing Riyadh to shut a vital Hormuz bypass.
Brent crude futures fell $2.67, or 2.5%, to $103.13 a barrel. U.S. West Texas Intermediate (WTI) futures dropped $1.61, or 1.6%, to $100.82 a barrel.
Ilam Gas Refinery has used vacuum thermal reclaiming to recover spent MDEA amine solvent at about 80% efficiency, cutting the need to import fresh solvent and keeping heat-stable salts in circulating amine under control.
The Oil Ministry is 60 trillion tomans behind on pollution-right payments to Khuzestan, Dezful lawmaker Abbas Papizadeh said.
Officials from the University of Tehran Science and Technology Park, the Oil Ministry and related bodies reviewed how to turn academic and knowledge-based capacity into working solutions for the oil industry.
The second session of Persian Gulf Petrochemical Industries Company’s extraordinary general meeting chose a new five-seat board on Thursday, Sept. 17, 2026.
Brent crude futures fell 59 cents, or 0.54%, to $108.16 a barrel. U.S. West Texas Intermediate (WTI) futures dropped $1.20, or 1.13%, to $104.63 a barrel.
Compressed natural gas consumption rose about 11% in the first week after the third gasoline rate on station cards was raised to 10,000 tomans, the oil minister’s deputy said.
National Iranian South Oil Company aims to cut flare-gas burning to about 8.6 million cubic meters a day by the end of the current Iranian year in March 2027 and to 4.5 million cubic meters a day by the end of 1406 (March 2028), its production manager said.
Abadan’s member of parliament said the city’s oil refinery should stay out of private hands and criticized the current privatization track.
Reciprocating compressors for the gas-boosting station at the Binak oil field near Genaveh, Bushehr province, have been designed, built, shipped and installed to international oil-industry standards using Iranian manufacturers, Petroiran Development Group’s deputy CEO said.
Saudi Arabia has told some European refiners that crude cargoes due to load this month have been canceled after Yemeni attacks knocked out the East-West pipeline.
Oil Minister Mohsen Paknejad and Persian Gulf Petrochemical Industries Company CEO Mohammad Shariatmadari held an emergency meeting as PGPIC’s general assembly nears and a new board is due to be set for Iran’s largest petrochemical group.
Brent crude futures rose $1.67, or 1.58%, to $107.35 a barrel. U.S. West Texas Intermediate (WTI) futures gained $2.14, or 2.11%, to $103.53 a barrel.