World crude oil price today February 26, 2025
Brent crude eased by 3 cents to $72.99 a barrel by 1142 GMT while U.S. West Texas Intermediate crude oil futures gained 3 cents to $68.96.
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In a business world that strives for the win-win, U.S. President Donald Trump may achieve the rare lose-lose for consumers and producers with proposed tariffs on Canadian energy — but a windfall for U.S. government revenues.
The US sanctioned over 30 individuals and vessels, including four Indian firms, for their role in the sale and shipping of Iranian oil. The sanctions come amid ongoing efforts to curb Iran's oil exports, which primarily go to China using a network of shadowy intermediaries and vessels.
The average daily distribution of mazut to power plants from February 19 to 24 reached 58 million liters, marking a 132% increase compared to the same period last year, when the average daily delivery was 25 million liters.
World crude oil prices today February 25, 2025
Brent crude oil futures rose 15 cents or 0.2 percent to $74.93 per barrel. West Texas Intermediate (WTI) crude oil rose 23 cents, or 0.3%, to $70.93 a barrel
The CEO of NPC suggests that the petrochemical industry can advance by effectively managing research, leveraging global knowledge, implementing advanced technologies, and embracing innovative thinking.
World crude oil price today February 24, 2025
Brent futures were up 13 cents, or 0.2%, at $74.56 barrel while U.S. West Texas Intermediate crude futures added 11 cents, or 0.2%, to $70.51.
Iraq's oil ministry said in a statement on Saturday that all procedures had been completed to allow the resumption of exports through the Iraq-Turkey pipeline.
Sanctions have slashed Russian oil exports to India by about a quarter in February while the US oil exports have nearly doubled amid the country's plan to increase the purchase of American energy by two-thirds to $25 billion.
The research and technology director of the National Iranian Oil Company (NIOC) announced that three digital super-systems are being implemented across eight oil fields in the country.
The managing director of the National Iranian Oil Products Distribution Company (NIOPDC) stated that the new version of the smart fuel system has been announced with the aim of increasing efficiency and is currently being implemented.
Oil India Limited has signed a Memorandum of Understanding with Mineral Exploration and Consultancy Limited to collaborate on the exploration and development of critical mineral blocks in India and overseas.
The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.
The United States jumped to the fifth-largest supplier to India, with imports tripling from December to January, and India plans to further increase US oil and gas imports.
The deputy chairman of the Special Committee for Supporting Production and Monitoring General Policies announced that with approval of a financing law, investment projects in the strategic South Pars region will be supported.
Arvand Oil CEO signs $50 million contract with Vice Presidency for Science and Technology to address extraction challenges and indigenize hydraulic fracturing technologies, marking start of operational efforts.
India's Oil and Natural Gas Corp is seeking joint venture partners to build very large ethane carriers (VLECs) to ship feedstock for its petrochemical plant in western India, according to a document posted on the company's website.
The CEO of NPC announced that 14 flares will be extinguished by March 20 under a plan by Persian Gulf Bidboland Gas Refining Company to collect flare gases in East Karoun.
World crude oil price today February 19, 2025
Brent crude futures rose 60 cents, or 0.8 percent, to $76.44 a barrel. U.S. West Texas Intermediate crude futures rose 63 cents, or 0.9 percent, to $72.48.
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.