Saman Ghodousi, spokesman and director-general of public relations for Iran's Oil Ministry, said Friday there is no discrepancy between statements made by the president and the oil minister regarding Iran's oil exports, accusing critics of pursuing toxic agendas and nonsense.
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Loading and transport operations began for the 2,300-ton Q4 living quarters platform, part of the Reshadat oil field development project, at the Iran Marine Industrial Company (SADRA) yard in Bushehr.
A member of the Energy Committee of the Parliament stated that the discovery of new hydrocarbon reserves indicates that the development of the oil industry has not come to a halt even under wartime conditions.
Brent crude futures fell 60 cents, or 0.67%, to $89.10 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 64 cents, or 0.77%, to $82.89.
A reconstruction agreement for the South Pars Phases 9 and 10 gas refinery has been signed to speed work and bring production capacity back online. After debris removal and site safety measures, the project has moved into the rebuilding phase.
President Donald Trump is expected to meet with U.S. refiners and fuel retailers next week to highlight efforts to lower gasoline prices, as his administration seeks to ease pressure on consumers from the Iran war ahead of November's congressional midterm elections, people familiar with the matter said.
Jam Petrochemical reported total sales of about 24 trillion tomans for the five months ended August 22, 2026, a figure that points to continued revenue generation at the Asaluyeh complex after a volatile start to the year.
Brent crude futures fell $1.07, or 1.2%, to $86.77 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $1.13, or 1.4%, to $81.10 a barrel.
Six months into the Iran war, the world's most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape.
Ilam Petrochemical Company in western Iran has inaugurated a reverse osmosis (RO) water project with a combined capacity of 600 cubic meters per hour, a step officials said will improve cooling-water quality, cut raw-water use, reduce flaring, and support steady production.
Bloomberg warned that stepped-up U.S. economic pressure on Iran could put at risk about 13 percent of Turkey’s natural gas imports, leaving Ankara facing a difficult choice between energy security and the threat of American penalties.
The Minister of Economic Affairs and Finance stated that a significant portion of the current problems dates back to pre-war conditions, although today's economic issues cannot be oversimplified or analyzed with a "two-plus-two-equals-four" logic. He said: "For example, at one point they tried to prevent medicine from entering the country. We eventually found alternative routes, but naturally, during that period, medicine prices increased."
Brent crude futures fell $2.30, or 2.6%, to $86.28 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $2.08, or 2.53%, to $80.29 a barrel.
At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran's new blacklist, including for ship-to-ship transfers, due to security concerns, four sources with direct knowledge of the matter said this week.
Japan is set to unveil on Wednesday a comprehensive plan to boost resilience of its energy supply, with steps such as diversifying crude oil procurement and supporting Middle East pipelines to bypass the Strait of Hormuz, media said.
Reconstruction of four damaged refineries at Iran’s South Pars Gas Complex is moving forward under a structured plan focused on domestic capabilities, the complex’s CEO said.
Iran's Minister of Economic Affairs and Finance, Seyed Ali Madanizadeh, has stated that the government has formulated an offensive economic plan to counter US sanctions against the Iranian nation.
Brent crude futures fell by 90 cents, or 1.0%, to $91.27 per barrel. U.S. West Texas Intermediate (WTI) crude futures also declined by 76 cents, or 0.9%, to $84.25 per barrel.
Japan plans no additional releases of crude oil from its national reserves in September or October, Economy, Trade and Industry Minister Ryosei Akazawa said on Tuesday.
Jam Petrochemical has been recognized as one of Iran’s Green Industrial Units after being selected among 287 industrial facilities evaluated nationwide—an achievement that goes beyond an environmental accolade for one of the country’s major petrochemical companies, highlighting the link between production, efficiency and corporate responsibility.
