In a fresh push for energy security, India is planning to set up strategic petroleum reserves (SPRs) at six new locations to guard against global oil supply shocks, Mint reported, citing people familiar with the development.
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Pakistan’s energy intensity (the amount of energy needed to produce $1 of GDP) was 4.2 megajoules (million joules, MJ) per USD compared to 1.9 MJ/USD in Bangladesh and just 1.7 MJ/USD in Sri Lanka, says the World Bank.
The central Iranian province of Markazi has significantly expanded its solar power infrastructure, with 500 small-scale solar power plants connected to the national grid, a senior energy official announced.
Tehran Governor General Mohammad-Sadeq Motehmadian announced that 28 million liters of gasoline were consumed in a single day, stating that despite the unprecedented surge in demand, fuel supply was maintained without issues.
World crude oil price today, June 25, 1404
Brent crude futures rose 85 cents, or 1.3 percent, to $67.99 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 87 cents, or 1.4 percent, to $65.24.
The United States is threatening India with what one senator has called an “economic bunker-buster”—a dramatic tariff strike if New Delhi continues to buy Russian oil, according to an Economic Times.
Despite recent days of heightened tensions following Israeli’s imposed war, Iran's daily oil production has continued without disruption and all oil installations remain operational, according to the National Iranian Oil Company (NIOC).
Tehran Governor General Mohammad-Sadeq Motamedian said Tuesday that despite multiple attacks on fuel storage facilities by enemy forces, fuel delivery continued uninterrupted with the help of neighboring provinces and armed forces.
World crude oil price today June 24, 2025
Brent crude fell $3.82, or 5.3 percent, to $67.66 a barrel. U.S. West Texas Intermediate crude fell $3.75, or 5.5 percent, to $64.76 a barrel.
Half of India‘s total natural gas requirement is met via imports that come through the Strait of Hormuz – supplied by Qatar and the UAE – and thus stands exposed to a higher risk of disruption, according to experts who track movement of energy supplies.
Iran's finance minister confirmed that the country's economy remains stable despite Israeli attacks, with seized goods being redirected into productive use.
US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.
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.
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.