World crude oil price today March 14, 2025
Brent crude rose 70 cents, or 1 percent, to $70.58 a barrel. U.S. West Texas Intermediate crude rose 73 cents, or 1.1 percent, to $67.28 a barrel.
TOP NEWS Feed Atom
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said.
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows.
Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.
World crude oil price today March 13, 2025
Brent crude fell 3 cents to $70.92 a barrel, while U.S. West Texas Intermediate crude fell 8 cents to $67.60 a barrel.
The deeply integrated North American oil and gas market stands at crossroads, with Canada's largest oil producer warning that it will diversify its exports away from the United States if President Donald Trump's tariff threats do not end.
India has passed legislation intended to encourage oil and gas exploration to help meet its energy needs, a move that highlights the difficulty of persuading the world’s most populous nation to phase out fossil fuels.
World crude oil prices today, March 12, 2025
Brent futures rose 13 cents, or 0.2 percent, to $69.69 a barrel, while U.S. West Texas Intermediate crude rose 13 cents, or 0.2 percent, to $66.38 a barrel.
China National Petroleum Corporation and India's ONGC Videsh Ltd plan to invest in Nigeria's oil and gas industry due to regulatory reforms and the country's vast reserves.
Iran has brought the first well from a 35-well infill drilling project at the South Pars gas field into production, aimed at maintaining output levels, the managing director of Pars Oil and Gas Company (POGC) said.
The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.
Iraq's South Gas Company boss suggests Qatar and Oman as potential options for gas trade if the U.S. blocks Iraq's electricity imports from Iran.
World crude oil price today March 11, 2025
Brent crude futures rose 18 cents, or 0.3 percent, to $69.46 a barrel. U.S. West Texas Intermediate crude rose 9 cents, or 0.1 percent, to $66.12 a barrel.
The head of the Iranian Parliament's Article 90 Committee stated that the Oil Ministry is seriously pursuing the collection of associated petroleum gas (APG) but emphasized that the process needs to be accelerated.
Union Minister Hardeep Singh Puri stated that India is in a favorable position for green hydrogen growth in terms of infrastructure, storage, and supply.
World crude oil price today March 10, 2025
Brent crude fell 31 cents, or 0.4 percent, to $70.05 a barrel. U.S. West Texas Intermediate crude fell 35 cents, or 0.5 percent, to $66.69 a barrel.
The Trump administration rescinded a waiver on Saturday that had allowed Iraq to pay Iran for electricity, as part of President Donald Trump's "maximum pressure" campaign against Tehran, a State Department spokesperson said.
Oil India Limited is exploring collaborations with international oil companies for deep and ultra-deep water exploration under the latest OALP bidding round, according to Chairman and Managing Director Ranjit Rath.
The CEO of the South Pars Gas Complex (SPGC) announced great amount of savings resulting from the domestic production of strategic parts and equipment by local companies.
US President Donald Trump said that India has agreed to “cut their tariffs way down,” signalling a potential shift in trade relations between the two countries.