Amid persistent cold weather and despite the consumption of 622 million cubic meters (mcm) of natural gas by the residential, commercial, and small industrial sectors, approximately 137 mcm of gas were delivered to power plants yesterday.
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The deputy for international affairs and commerce at Iran’s Ministry of Oil emphasized the need for Caspian Sea littoral states to enhance their cooperation in oil and gas.
World crude oil price today, February 18, 2025
Brent crude futures gained 23 cents, or 0.3%, to $75.45 per barrel at 0758 GMT.U.S. West Texas Intermediate crude futures were up 75 cents from Friday's close at $71.49 a barrel.
US President Donald Trump’s recent proposal to sell more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil, thought to be funding Moscow’s war with Ukraine.
Iran's masterbatch and polymer compound exports increased by 100% in the past year, according to an official from the Industry, Mining, and Trade Ministry.
The Director-General of Public Relations at the Ministry of Oil stated that the sustainable supply of gas during this year's cold season is the result of the intensified efforts of South Pars employees. He emphasized the need to continue these efforts.
World crude oil price today February 17, 2025
Brent crude futures edged lower 8 cents, or 0.11%, to $74.66 a barrel at 1202 GMT, and U.S. West Texas Intermediate crude fell 5 cents, or 0.07% at $70.69 a barrel.
Indian state power company NTPC is looking to build 30 gigawatts (GW) of nuclear power capacity over the next two decades, three times more than expected, at a cost of $62 billion, three sources said.
Iran’s minister of economy announced negotiations with the head of the OPEC Fund, along with an agreement to secure financing for Iranian contractors in international projects through the fund.
The Vice President praised the Ministry of Oil's cooperation in implementing technology-based production laws and their representative's participation in the Strategic Council for Technologies and Technology-Based Products.
Mehr Tab Parsian Petrochemical Company's CEO praised a comprehensive project for methanol-derived products, aiming to complete the methanol production chain within subsidiary companies.
The CEO of NIGC identifies gas imbalance and upstream document issues as the primary causes of Iran's energy crisis, urging for significant consumption and industry reforms.
has signed an agreement with private investors to develop solar power plants by the summer of 2025, aiming to address the country’s electricity supply imbalance.
The spokesperson for the National Iranian Gas Company (NIGC) announced that 870 million cubic meters (mcm) of natural gas were produced on Friday.
World crude oil prices today, February 14, 2024
Brent futures were up 23 cents, or 0.3%, at $75.25 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 16 cents, or 0.2%, to $71.45.
Trump announced an agreement with Indian Prime Minister Modi, involving India importing more US oil and gas to reduce trade deficit between the two nations.
Petrobras, Brazil's state-owned energy company, has signed two MOUs and one framework agreement with India's state energy firms for cooperation in the oil and gas sector.
The CEO of Iran Oil Terminals Company emphasized the crucial role of the company in receiving, storing, and exporting oil and gas condensates.
The deputy oil minister announced the launch of a sulfur recovery unit at the South Pars Refinery 14, stating that sulfur extraction began on Wednesday.
World crude oil price today February 13, 2025
Brent futures were down 68 cents, or 0.9%, at $74.50 a barrel by 0515 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 65 cents, or 0.9%, to $70.72.