The CEO of the National Petrochemical Company (NPC) emphasized the need to strengthen Iran's share in global export markets through precise planning and the development of new export markets for petrochemical products.
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The drilling and completion of an oil well in the Bibi Hakimeh field concluded at the start of the year 1404 (March 21).
The CEO of the National Iranian Oil Products Distribution Company stated that the company’s mission is to ensure fuel supply and emphasized that sufficient gasoline has been stored in oil depots.
Canada's carbon pricing system, aimed at reducing pollution, faces shaky future after 14 CEOs and opposition leader call for repeal, putting the Pathways Alliance carbon capture project's viability in doubt.
With just 11 days left for US President Donald Trump's tit-for-tat tariffs to kick in, India on Friday said its negotiations with Washington are underway to build a framework for a bilateral trade pact that would address issues relating to levies and market access.
The price of jet fuel for domestic airlines rises starting March 21, 2025. According to a legal resolution, the new rate, including value-added tax, will be set at 143,000 rials per liter.
World crude oil price today March 21, 2025
Brent crude futures rose 14 cents, or 0.2 percent, to $72.14 a barrel. U.S. West Texas Intermediate crude futures rose 16 cents, or 0.2 percent, to $68.23 a barrel.
India's government has established Strategic Petroleum Reserves, approved two more reserves, and promoted clean energy through biofuels, alternative fuels, refinery efficiency improvements, and increased domestic production.
The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.
On the anniversary of the nationalization of Iran's oil industry, the country's largest crude oil processing unit has commenced trial operations on Wednesday, according to the CEO of Petroleum Engineering and Development Company (PEDEC).
Global Crude Oil Price Today 20 Mar 2025
Brent crude futures rose 34 cents, or 0.5 percent, to $71.12 a barrel. U.S. West Texas Intermediate crude futures rose 42 cents, or 0.6 percent, to $67.58.
Russia has surpassed the United Arab Emirates as India's top naphtha supplier in the year to March 2025, as refiners capitalise on discounted cargoes, preliminary ship-tracking data showed, a trend buyers expect to persist for another year.
World crude oil price today March 19, 2025
Brent crude futures fell 11 cents, or 0.16 percent, to $69.97 a barrel. U.S. West Texas Intermediate (WTI) crude fell 12 cents, or 0.18 percent, to $66.78.
India's crude oil imports increased by 4.7% in February 2025, while petroleum product imports saw a 17.5% decline, according to the latest PPAC data.
Iran has reported a new record in its gasoline consumption as motorists take to the roads at the start of a busy travel season that coincides with the Persian New Year holidays.
The installation of the jacket platform for the development project of the shared Belal gas field, located in the reservoir block on the border between Iran and Qatar, has been successfully completed.
World crude oil price today, March 18, 2024
Brent futures rose 36 cents, or 0.5 percent, to $71.43 a barrel, while U.S. West Texas Intermediate crude rose 32 cents, or 0.5 percent, to $67.90.
China's crude oil throughput in January and February rose 2.1% versus a year earlier, official data showed on Monday, supported by a new refinery and holiday travel, but weak refining margins persisted.
The Ministry of Commerce and Industry has told India Inc. to come up with ideas where imports from China and other nations can be replaced by U.S. goods, according to a report by The Indian Express.
Iran’s former deputy minister of petroleum for international affairs and trading, Ali Majedi, has said Iran could find good European buyers for its petroleum and petrochemical products.