World crude oil price today June 18, 2025
Brent crude futures rose 16 cents, or 0.2 percent, to $76.61 a barrel. U.S. West Texas Intermediate crude futures rose 17 cents, also 0.2 percent, to $75.01 a barrel.
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India's benchmark indexes fell on Tuesday due to Trump's urging Iranians to evacuate Tehran, escalating fears of a broader regional conflict amid ongoing Israel-Iran hostilities.
Iran's head of the Islamic Republic of Iran Customs Administration (IRICA) revealed that liquefied propane and natural gas were the primary non-oil products exported in the first two months of the current Iranian calendar year.
Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 27.022 million barrels per day (bpd) of oil in May, according to the group’s latest report.
World crude oil price today June 17, 2025
Brent crude futures rose 82 cents, or 1.1 percent, to $74.05 a barrel. U.S. West Texas Intermediate crude rose 77 cents, or 1.1 percent, to $72.54.
As geopolitical tensions in West Asia escalate, particularly with the intensifying Israel-Iran conflict, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Monday assured the nation that India is well-positioned to meet its fuel demands without disruption.
World crude oil price today June 16, 2025
Brent crude futures rose 64 cents, or 0.86 percent, to $74.87 a barrel, while U.S. West Texas Intermediate crude futures rose 76 cents, or 1.04 percent, to $73.74.
French oil major TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business, its chief executive Patrick Pouyanne said on Monday.
Iran’s oil minister visited the Rey oil depot Sunday to assess the situation following an overnight attack by the Israeli regime on the facility.
The Phase 14 refinery of South Pars and the Fajr Jam gas refinery were targeted in an attack by the Zionist regime on Saturday afternoon. Currently, the situation at both facilities is fully under control, with necessary measures underway to ensure safety and maintain operations.
The Tehran Fire Department spokesperson stated that the warehouse that caught fire in the Shahran district contained petroleum products other than gasoline.
Israel’s attack on Iran and heightened tensions in the area pose significant risks to India in terms of curtailed supplies of oil and a 40-50% increase in the export costs, according to analysts and trade experts.
Iran's Free Zones High Council reported $1.5 million worth of commodities from Chabahar Free Trade Zone in the first two months of the current Iranian calendar year.
Iran Oil Minister Mohsen Paknejad condemned the Zionist regime's attack on military commanders, scientists, and defenseless women and children, highlighting the regime's inhumane nature.
World crude oil price today, June 13, 2025
Brent crude futures rose $4.57, or about 6.59 percent, to $73.93 a barrel. U.S. West Texas Intermediate crude rose $4.53, or 6.66 percent, to $72.57.
Iran Gas Engineering and Development Company completed a 3-kilometer subsea pipeline under the Persian Gulf seabed, marking a significant milestone in the Bandar Abbas-Laft-Gourzin gas transmission line project.
World crude oil price today June 12, 2025
Brent crude futures fell 73 cents, or 1.1 percent, to $69.04 a barrel, while U.S. West Texas Intermediate crude fell 66 cents, or 1 percent, to $67.49 a barrel.
The U.S. depends on Canadian oil imports, despite comments by President Trump that the U.S. does not need to import goods including oil and gas from Canada, Cenovus Energy CEO Jon McKenzie said Tuesday, according to Reuters.
India's natural gas consumption is likely to rise by close to 60 per cent by 2030 and more than double by 2040, on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB.
The CEO of the National Iranian Oil Company (NIOC) announced that the NGL 3100 project will soon enter its initial launch phase, emphasizing its key role in developing the gas value chain in western Iran.