Iran and Azerbaijan pledged to expand economic and trade cooperation during a meeting of the countries’ joint economic committee in Tehran.
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Iranian refineries are expanding efforts to conserve water and energy by building wastewater treatment plants and investing in solar power generation, a senior oil official said.
Brent crude futures fell 34 cents, or 0.51 percent, to $66.23 a barrel, while U.S. West Texas Intermediate crude fell 29 cents, or 0.47 percent, to $61.99 a barrel.
The Iranian Offshore Engineering and Construction Company (IOECC) has completed a new offshore and onshore pipeline for phase 16 of the South Pars gas field, ensuring stable production from the platform, the project manager said.
Gas consumption in Iran’s power plants, major industries, and households exceeded 4.4 billion cubic meters during the fourth week of Shahrivar (Sept. 13–Sept. 19), according to official data.
Iranian subsidiary EOGPC is ready to produce 65 million cubic meters of gas daily during the cold season, meeting the needs of northeast and northern regions.
Brent crude futures rose 45 cents, or 0.67 percent, to $67.13 a barrel, while U.S. West Texas Intermediate crude rose 47 cents, or 0.75 percent, to $63.15 a barrel.
Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the country's state oil marketer SOMO said on Sunday.
ONGC plans to begin drilling stratigraphic wells in India's offshore basins next year, as part of India's efforts to boost oil and gas exploration for energy security and reduced imports.
Iran’s renewable power capacity is approaching 3.0 gigawatts (GW) and is forecast to reach 7.0 GW by the end of the current Iranian calendar year (late March 2026), according to a senior official from the Renewable Energy and Energy Efficiency Organization (SATBA).
Iran has exported its first TIR Carnet shipment to Kuwait through the Shalamcheh border crossing, marking a milestone in the country’s regional trade expansion, the Khorramshahr Chamber of Commerce said.
The National Iranian Drilling Company announced the completion of drilling operations on the second development well at the Yadavaran joint oil field, part of a six-well project.
The European Union plans to ban Russian LNG imports into the bloc a year earlier than envisaged as part of a 19th package of sanctions against Moscow, EU officials said on Friday, a change that follows pressure from U.S. President Donald Trump.
The head of the Iran-Azerbaijan Joint Chamber of Commerce said the two countries will hold a meeting of their joint economic commitee in Tehran next week, with Azerbaijani Deputy Prime Minister Shahin Mustafayev attending, Tasnim news agency reported.
Iran's petroleum industry saw a significant shift in May 2025, with the National Iranian Oil Co. (NIOC) introducing over 200 investment opportunities worth $137 billion, promoting partnerships with the private sector and foreign investors.
Brent crude futures fell 17 cents, or 0.3 percent, to $67.27 a barrel, while U.S. West Texas Intermediate crude futures fell 19 cents, or 0.3 percent, to $63.38.
India's state-run Oil India Ltd expects a $20-billion, TotalEnergies-operated Mozambique liquefied natural gas project in which it owns a stake to restart development by the end of this year, its chairman Ranjit Rath said on Thursday.
Iraq's attempt to ease its chronic power shortage with gas from Turkmenistan routed through neighbouring Iran has failed under U.S. pressure, leaving Baghdad scrambling for alternatives to keep the lights on.
The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that two wells in Lali oilfield, codenamed 37 and 38, have been put into operation for field testing by Masjed Soleiman Oil and Gas Exploitation Company.
Brent crude fell 26 cents, or 0.38 percent, to $67.69 a barrel, while U.S. West Texas Intermediate futures fell 28 cents, or 0.44 percent, to $63.77.