Despite progress in U.S.-China trade talks, Beijing firmly rejects Washington’s demand to stop buying oil from Iran and Russia, citing national interests and energy security.
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The overhaul of the offshore platforms in phase 19 of Iran’s South Pars gas field has been successfully completed, Shana reported.
The manager of the Refinery 11 at South Pars Gas Complex said stable production, enhanced quality, and upgraded infrastructure have continued through reliance on local expertise and partnerships with new technology-based firms (NTBFs).
The International Court of Justice (ICJ) has issued a landmark advisory opinion affirming that countries are legally obligated to reduce greenhouse gas emissions—a ruling that may pave the way for compensation claims against major historical polluters.
Brent crude futures fell 85 cents, or 1.2 percent, to $68.82 a barrel, while U.S. West Texas Intermediate crude fell 82 cents, or 1.2 percent, to $66.51 a barrel.
ADNOC Gas has signed a 10-year agreement with Indian energy giant HPCL to supply them with 0.5 million metric tons per annum of liquefied natural gas.
The Iraqi Minister of Industry and Minerals, Khalid Battal al-Najm, and officials from Saudi Arabia’s Ajyal Group discussed on last Tuesday a possible deal to construct a petrochemical complex in Iraq.
Iran's SATBA has installed over 5,000 megawatts of solar power at over 850 sites to expand renewable energy and enhance electricity efficiency.
Iran has a trade surplus with Pakistan, exporting goods at 3.5 times the volume of imports, according to Hamidreza Karbalaei Esmaeili, Deputy for the Indian Subcontinent at Iran's Trade Promotion Organization.
The manager of the South Pars Gas Complex highlighted the refinery's strategic importance in the downstream value chain, highlighting that 10% of its gas output is converted into high-value products.
National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.
Brent crude futures fell 7 cents, or 0.1 percent, to $71.63 a barrel. U.S. West Texas Intermediate crude fell 10 cents, or 0.14 percent, to $69.16 a barrel.
Indian state refiners have temporarily ceased purchasing Russian crude oil this week, primarily due to concerns over potential secondary tariffs threatened by U.S. President Donald Trump and reduced discounts on Russian oil.
Iran has posted a trade deficit of just over $1 billion in four months of current Iranian calendar year (started March 21, 2025), registering a 10% drop in value terms over the same period last year, IRICA announced.
Brent crude fell 0.4 percent to $72.21 and West Texas Intermediate (WTI) fell 0.2 percent to $69.83 a barrel, following a 1 percent gain in both indices on Wednesday.
US president Donald Trump said on July 30 that the US has concluded a trade deal with Pakistan, saying that the two countries will work together to developing "massive oil reserves" allegedly in Pakistan.
United States President Donald Trump has announced a 25 percent tariff on Indian goods, as well as an unspecified penalty for the country’s purchase of Russian oil and military equipment, as the unending war in Ukraine frustrates the White House.
Saeed Tavakoli, Managing Director of the National Iranian Gas Company, highlighted the urgent need to develop renewable energy sources to reduce gas consumption in power plants and prevent air pollution caused by burning fuel oil during energy imbalances. He called on the Ministry of Energy to implement new mechanisms to enhance alternative fuel use and protect the environment.
Iran has managed to significantly increase its oil production in a short period of time under an emergency plan introduced by the government and despite the pressures of the US sanctions, according to a report published in the local media.
Brent crude futures fell 17 cents, or 0.24 percent, to $71.52 a barrel, while U.S. West Texas Intermediate crude fell 11 cents, or 0.14 percent, to $69.12.