The Pakistani government has revised gas prices for the fiscal year 2025-26 and okayed a 50 percent increase in fixed charges for domestic consumers, effective from July 1, the Oil and Gas Regulatory Authority (OGRA) announced on Sunday.
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The Indian Navy swung into action after receiving a distress call of an oil tanker catching fire in the Gulf of Oman on Sunday. Indian Navy's stealth frigate INS Tabar was mobilised to rescue Pulau flagged MT Yi Cheng 6, which reported a major fire after engine failure.
Iran's vice-president reports a nearly doubled demand for motor fuel during Israeli aggression, despite no disruption to fuel supplies despite direct attacks on Iran's energy facilities.
Iran has started gas exports from its Phase 14 refinery's third sweetening train, marking a significant expansion in the country's production and export capacity.
A member of Parliament's Energy Committee praised the Oil Ministry's selfless efforts during the 12-day Zionist regime war, highlighting the selflessness of its employees.
Ukraine will initiate appropriate sanctions against those countries that buy the most Russian oil, Ukrainian Foreign Minister Andriy Sybiha said.
The CEO of the National Iranian Oil Company (NIOC) described Operation "True Promise 3" as a symbol of the Islamic Republic of Iran's defensive strength and the nation’s decisive response to enemy aggression.
TotalEnergies is in advanced discussions to sell its shale oil assets in Argentina, with two suitors submitting bids, aligning with CEO Patrick Pouyann's statement of divesting stakes at the right price.
India's US oil imports surged over 270% YoY in Q1 2025, highlighting its strategy to boost American imports amid trade pact negotiations and diversify crude oil sources.
Iran has successfully launched the fourth gas sweetening train at Phase 14 of the South Pars Gas Field, completing the reception of sour gas from offshore platforms despite heightened regional tensions, the managing director of Petropars said.
World crude oil price today June 27, 2025
Brent crude futures rose 36 cents, or 0.53%, to $68.09 a barrel while U.S. West Texas Intermediate crude gained 33 cents, or 0.51%, to $65.57.
China's Iranian oil imports surged in June as shipments accelerated before the recent conflict in the region and demand from independent refineries improved, analysts said.
The Ministry of External Affairs clarified India's position on importing crude oil from Iran on thursday, stating that energy purchases are based on "market factors and the prevailing global situation."
PEDEC CEO emphasizes the strategic importance of border regions like West Karun, stating that shared oilfield development is progressing with coordinated planning and targeted approach.
Iran’s First Vice President praised the Oil Ministry’s effective role in ensuring stable fuel and energy management during the 12-day aggression by the Zionist regime, saying the ministry once again demonstrated its capability and resilience under difficult circumstances.
The CEO of Pars Oil and Gas Company (POGC) announced the return of the damaged South Pars Phase 14 refinery unit to production, praising the efforts and dedication of employees.
World crude oil price today June 26, 2025
Brent crude futures rose 53 cents, or 0.8 percent, to $68.21 a barrel. U.S. West Texas Intermediate (WTI) crude rose 56 cents, or 0.9 percent, to $65.48 a barrel.
In a fresh push for energy security, India is planning to set up strategic petroleum reserves (SPRs) at six new locations to guard against global oil supply shocks, Mint reported, citing people familiar with the development.
Pakistan’s energy intensity (the amount of energy needed to produce $1 of GDP) was 4.2 megajoules (million joules, MJ) per USD compared to 1.9 MJ/USD in Bangladesh and just 1.7 MJ/USD in Sri Lanka, says the World Bank.
Tehran Governor General Mohammad-Sadeq Motehmadian announced that 28 million liters of gasoline were consumed in a single day, stating that despite the unprecedented surge in demand, fuel supply was maintained without issues.