Bushehr Petrochemical Company produced 3 million tons of petrochemical products and 547 million cubic meters of utility services in the first nine months of 2024.
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Iran's deputy foreign minister, Majid Takht Ravanchi, is visiting India to discuss resuming energy trade, a topic that has been halted since 2019 due to US sanctions.
TankerTrackers, a shipping analytics company, reported a surge in Iran’s crude oil exports during the latter half of December 2024, following slow growth earlier in the month.
The project manager for the development of Phase 11 of South Pars announced the completion of the acidizing operation on the seventh well of the SPD11B platform in the shared South Pars gas field.
World crude oil price today January 1, 2025
Brent crude futures settled up 65 cents, or 0.88%, to $74.64 a barrel. U.S. West Texas Intermediate (WTI) crude settled up 73 cents, or 1.03%, to $71.72 a barrel.
US natural gas demand from LNG plants reached a record 15.2 billion cubic feed, indicating a strong year ahead due to the launch of two new gas-processing plants.
World crude oil price today December 31, 2024
Brent crude futures rose by 54 cents, or 0.73%, to $74.53 a barrel as of 1107 GMT. U.S. West Texas Intermediate crude gained 57 cents, or 0.8%, to $71.56 a barrel.
India's largest refiner seeks Middle Eastern crude cargoes to compensate for reduced Russia supplies, highlighting shifting export patterns as traders anticipate global market prospects in 2025.
The deputy for operations and support at Pars Oil and Gas Company (POGC) announced a record daily production of 714 million cubic meters (mcm) of gas at the South Pars field.
Iranian oil minister Ali-Mohammad Mousavi has been appointed as Iran's representative to various international bodies, including OPEC, GECF, and IEF.
World crude oil price today December 30, 2024
Brent crude futures rose 20 cents to $74.37 per barrel. US West Texas Intermediate crude futures rose 27 cents to $70.87 per barrel.
India surpasses China's oil demand growth rate in 2024, becoming one of the fastest-growing fuel consumption centers, according to S&P Global Commodity Insights.
NIOC's managing director announced plans to establish a specialized AI department during the Shahid Tondgouyan Digital Oil and Gas Fields Competition.
Expanding the use of compressed natural gas (CNG) in Iran could save 20 million liters of gasoline annually within three years, according to Ali Mahmoudian, head of the National Association of Alternative Fuels and Related Services.
Iran's petrochemical industry celebrates 60th anniversary, generating $16 billion in revenue despite sanctions, according to the Parliamentary Oversight Board on Oil, Gas, and Petrochemical Industries.
The oil minister announced plans to increase oil production capacity by approximately 250,000 barrels per day.
IGTC CEO reports stable natural gas supply in first week of winter, with operational efforts underway to address gas leak at Shahid Mostafavi gas pressure-boosting station.
Iran’s Foreign Investment Board has approved over $700 million in foreign investment during its latest session, marking a significant development under the 14th government.
The National Iranian Oil Products Distribution Company (NIOPDC) announced a 50% increase in liquid fuel delivery to power plants during the past four months compared to the same period last year.
World crude oil prices today December 26, 2024
Brent crude futures rose 39 cents, or 0.5%, to $73.97 a barrel. U.S. West Texas Intermediate crude was at $70.53, up 0.6%, or 43 cents, from Tuesday's pre-Christmas settlement.