Iranian oil minister Ali-Mohammad Mousavi has been appointed as Iran's representative to various international bodies, including OPEC, GECF, and IEF.
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World crude oil price today December 30, 2024
Brent crude futures rose 20 cents to $74.37 per barrel. US West Texas Intermediate crude futures rose 27 cents to $70.87 per barrel.
India surpasses China's oil demand growth rate in 2024, becoming one of the fastest-growing fuel consumption centers, according to S&P Global Commodity Insights.
NIOC's managing director announced plans to establish a specialized AI department during the Shahid Tondgouyan Digital Oil and Gas Fields Competition.
The managing director of Pars Oil and Gas Company (POGC) announced that the first gas well of the South Pars Infill Drilling Project will be operational within the next month.
Expanding the use of compressed natural gas (CNG) in Iran could save 20 million liters of gasoline annually within three years, according to Ali Mahmoudian, head of the National Association of Alternative Fuels and Related Services.
Iran's petrochemical industry celebrates 60th anniversary, generating $16 billion in revenue despite sanctions, according to the Parliamentary Oversight Board on Oil, Gas, and Petrochemical Industries.
The Iranian President announced that the government has designed programs to promote a culture of responsible consumption with the aim of addressing and reducing related challenges.
The National Petrochemical Company's production control director emphasized the potential for Iran's petrochemical industry to expedite development and growth through global knowledge and technology.
The oil minister announced plans to increase oil production capacity by approximately 250,000 barrels per day.
The president stated that despite anticipated energy imbalances in the ninth month of the Iranian calendar year, the nation has successfully averted these challenges.
IGTC CEO reports stable natural gas supply in first week of winter, with operational efforts underway to address gas leak at Shahid Mostafavi gas pressure-boosting station.
Iran's Deputy Oil Minister for Gas Affairs announced: Daily production of sweet gas in the country's refineries has reached a record of 865 mcm.
A minor fire in decommissioned oil product pipelines at the Abadan Refinery was brought under control in less than 30 minutes, thanks to the prompt response of refinery firefighters.
The National Iranian Oil Products Distribution Company (NIOPDC) announced a 50% increase in liquid fuel delivery to power plants during the past four months compared to the same period last year.
World crude oil prices today December 26, 2024
Brent crude futures rose 39 cents, or 0.5%, to $73.97 a barrel. U.S. West Texas Intermediate crude was at $70.53, up 0.6%, or 43 cents, from Tuesday's pre-Christmas settlement.
The CEO of NIGC reported a record daily gas production of 862 million cubic meters, with 80-82% consumed by residential, commercial, and small industrial sectors this winter.
Iran's oil minister plans to sign $6 billion contracts for pressure enhancement at South Pars gas field, a top priority due to potential reservoir pressure decline.
A sum of 613 million cubic meters (mcm) of natural gas were consumed on Monday in the residential, commercial, and industrial sectors, marking an 18% increase compared to the same period last year.
The CEO of the South Pars Gas Complex announced a 1.2 billion cubic meter increase in natural gas injection to the main national pipeline during the first eight months of this year compared to the same period last year.