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.
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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.
World crude oil price today June 11, 2025
Brent crude futures rose 9 cents, or 0.1 percent, to $66.96 a barrel, while U.S. West Texas Intermediate crude rose 18 cents, or 0.3 percent, to $65.16.
India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry.
The NISOC's deputy of operations announced that the 36-inch Ahvaz-Omidiyeh export pipeline has been reassigned to transport heavy oil after the commissioning of a new 30-inch pipeline for light oil.
Daily gas extraction from South Pars Phase 11 has risen by 60% during the first 10 months of the 14th administration, increasing from 12 million cubic meters (mcm) to 20 mcm per day.
World crude oil price today, June 10, 2025
Brent crude futures rose 16 cents, or 0.2 percent, to $67.20 a barrel. U.S. West Texas Intermediate crude rose 14 cents, or 0.2 percent, to $65.43.
Canada’s Prince Rupert Gas Transmission natural gas pipeline project clears a government milestone in time to keep its permit in place.
Indian oil and gas sector is likely to see strong growth through the fiscal years 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.
An analysis of gas consumption data from May 31-June 6, shows that the average daily gas consumption by power plants exceeded 281 million cubic meters, peaking on June 2 at over 287 million cubic meters—the highest recorded level.