The deputy head of operations and production at Pars Oil and Gas Company (POGC) announced the safe completion of a major simultaneous overhaul of two gas platforms in Phase 12 of South Pars, involving more than 700 work orders.
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World crude oil prices today, May 30, 2025
Brent crude futures fell 21 cents, or 0.33 percent, to $63.94 a barrel. U.S. West Texas Intermediate crude fell 22 cents, or 0.36 percent, to $60.72 a barrel.
Ethanol, a plant-based renewable fuel, is gaining popularity in India's clean energy sector, replacing fossil fuels. Oil Marketing Companies achieved an average Ethanol Blending Percentage of 18.4% in March 2025, nearing the national target.
The engineering manager of South Pars Gas Complex (SPGC) announced the start of comprehensive projects aimed at increasing production, reducing emissions, and improving infrastructure to ensure sustainable operations and enhance refinery and equipment performance.
South Pars gas refineries underwent major overhauls in March to maintain steady production and improve energy efficiency, with extensive manpower, new technology-based firms, and strict safety protocols.
World crude oil price today May 29, 2025
Brent crude futures rose $1.12, or 1.7 percent, to $66.02 a barrel. U.S. West Texas Intermediate crude rose $1.14, or 1.8 percent, to $62.98 a barrel.
Tankers sanctioned by the United States in January have been used in recent ship-to-ship (STS) transfers of Russian crude on vessels that have ultimately discharged oil in India, Bloomberg reported on Wednesday, citing tanker-tracking data from Kpler and Vortexa.
The manager of the 12th refinery at South Pars Gas Complex announced targeted plans to increase production capacity, improve product quality, reduce pollutants, and enhance equipment reliability.
OPEC and its allies reiterated their commitment to oil market stability by extending production targets until 2026 and mandating new measures for sustainable output evaluation.
India's energy future is taking shape, steadily moving towards self-sufficiency, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on Tuesday.
Iran installed approximately 600 megawatts (MW) of solar power capacity in the past Iranian year (ending March 2025), marking a fourfold increase over the previous annual average of 150 MW, according to Alireza Parandeh Motlaq, deputy head of the Renewable Energy and Energy Efficiency Organization (SATBA).
The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) reported significant progress in flare gas recovery projects, stating that the company is legally required to collect and inject a major portion of associated petroleum gases into the national grid or downstream industries by the end of the Seventh Development Plan.
World crude oil price today, May 27, 2025
Brent crude futures rose 26 cents, or 0.4 percent, to $65 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.4 percent, to $61.78 a barrel.
India is expected to experience a surge in power demand and renewable energy build-out, if it boosts investments, according to the Rocky Mountain Institute.
Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the two OPEC heavyweights which share equally output from the area.
Pasargad Energy Development Company (PEDC) has leveraged artificial intelligence to launch a localized platform for integrated well, reservoir, and surface facility management, as well as the oil industry’s first upstream AI assistant (UIA) based on large language models (LLMs). These innovations have significantly reduced search times and streamlined experts’ access to technical knowledge.
World crude oil price today May 26, 2025
Brent crude futures rose 39 cents, or 0.6 percent, to $65.17 a barrel, while U.S. West Texas Intermediate crude rose 33 cents, or 0.5 percent, to $61.86 a barrel.
Trade between Iran and South Korea reached nearly $56 million in the first four months of 2025, highlighting ongoing commercial ties despite external challenges and a decline in Iran's exports.
The CEO of the National Iranian Oil Company (NIOC) stressed the need to expedite the implementation of projects by the Iranian Offshore Oil Company (IOOC) in the Persian Gulf.
The deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 20 onshore oil and gas wells in the first two months of this year (March 21-May 21) using the company’s rigs.