Russian Consul General in Iran Andrei Zhiltsov said Iranian products offer competitive pricing, quality, and variety, making them strong contenders against Chinese and Turkish goods in the Russian market.
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During February 22-28, a record-breaking 660.236 million liters of liquid fuel for power plants were delivered, a 44% increase from the same period last year.
India’s imports of crude oil from Russia slumped this month to the lowest level since January 2023, according to data analytics company Kpler, underlining how stringent US sanctions have disrupted supply chains.
Representatives from Iran and Belarus' private sectors have held talks on establishing an industrial unit for the joint production of advanced equipment.
The spokesperson for the National Iranian Gas Company (NIGC) announced the production and delivery of 866 million cubic meters (mcm) of natural gas to the national grid.
World crude oil price today February 28, 2025
Brent crude futures fell 72 cents, or 0.98 percent, to $72.85 a barrel. U.S. West Texas Intermediate crude futures fell 76 cents, or 1.08 percent, to $69.59 a barrel.
JM Financial reports that Indian gas companies are concerned about the persistently high prices of spot LNG, which could impact domestic demand and city gas distribution firms.
PGPIC CEO emphasizes new plans to maintain economic momentum, stating serious financing solutions are needed even amidst sanctions, acknowledging that no solutions are impossible.
World Brent crude oil price today February 27, 2025
Brent crude oil futures was up 2 cent at $72.55 a barrel by 0731 GMT. U.S. West Texas Intermediate crude oil futures were up 6 cents at $68.68 per barrel.
The South Pars Gas Complex's refineries have strategically supplied over 135 million barrels of gas condensates to the Persian Gulf Star Refinery since March 2024.
Shazand Oil Refinery's CEO confirmed normal operational activities, no disruptions to production or output of strategic products like gasoline and other essential derivatives.
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.
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.