BP Singapore has signed a long-term sales and purchase agreement with India's Torrent Power to supply up to 0.41 million mtpa of LNG from 2027-2036.
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Iran's National Petrochemical Company has announced a $5 billion investment by petrochemical companies to collect and manage flare gas emissions, underlining the industry's crucial role in reducing emissions.
World crude oil price today, June 5, 2025
Brent crude futures rose 15 cents, or 0.2 percent, to $65.01 a barrel. U.S. West Texas Intermediate crude rose 11 cents, or 0.2 percent, to $62.96 a barrel.
India is considering increasing imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing.
The head of the Iran Chamber of Commerce, Industry, Mines and Agriculture and the German ambassador discussed expanding trade relations between the two countries.
The CEO of Pars Oil and Gas Company (POGC) announced a new record in executing 13,000 work orders during the major overhaul of the South Pars Phase 14 refinery.
The head of operations at the seventh refinery of South Pars announced the successful implementation of the flare gas recovery operation, stating that the project was completed with high quality, relying on domestic technical expertise and innovative measures. The installation of flare and utility line branches was fully executed.
World crude oil prices today, June 4, 2025
Brent crude futures fell 17 cents, or 0.3 percent, to $65.46 a barrel, while U.S. West Texas Intermediate crude fell 19 cents, or 0.3 percent, to $63.22 a barrel.
India's Russian crude oil imports reached a 10-month high of 1.96 million barrels per day in May, driven by continued availability at significant discounts compared to global benchmark prices.
TotalEnergies Azerbaijan has introduced an automated subsea pipeline cleaning system for the second phase of Absheron gas field development, aiming to significantly reduce operational costs and downtime.
World crude oil prices today, June 3, 2025
Brent crude rose 5 cents, or 0.1 percent, to $64.68 a barrel. U.S. West Texas Intermediate crude rose 16 cents, or 0.3 percent, to $62.68 a barrel.
U.S. liquefied natural gas exports fell in May due to plant outages and maintenance at the country's largest export facility, preliminary LSEG ship tracking data show.
Adani Group companies are under inquiry by US prosecutors into whether they have been involved in importing Iranian petrochemical products, according to a WSJ report.
French energy major TotalEnergies plans to sell more LNG to India, in particular, from the US and continues to support the expansion of Adani Green, its CEO Patrick Pouyanné said.
World crude oil prices today, June 2, 2025
Brent crude futures rose $1.74, or 2.77 percent, to $64.52 a barrel. U.S. West Texas Intermediate crude rose $1.94, or 3.19 percent, to $62.73.
Azeri state energy company SOCAR will sign new agreements soon for oil and gas exploration in Azerbaijan, including with Exxon Mobil and BP, three sources told Reuters on Monday.
Oil India Limited commenced gas production from its Bakhritibba Discovered Small Field block in Rajasthan’s Jaisalmer district on June 1, 2025, marking a significant milestone for the state-owned upstream oil and gas company.
Tehran Chamber of Commerce and Industries Head Makhmoud Najafi-Arab and Japan External Trade Organization Executive Vice President Maekawa Nobutaka discussed strengthening trade and economic relations between Iran and Japan.
Statistics show that from May 24 to 30, 2025, gas consumption by power plants was significantly higher than that of major industries and households, reaching nearly 2 billion cubic meters (bcm).
Canadian oil sands company MEG Energy said on Friday it evacuated all nonessential workers from its Christina Lake production facility in northern Alberta due to wildfires burning in the area.