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Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution

2 months ago

27 January 2026

8:14 AM

Iran has upgraded mazut quality at its refineries, launched crude-oil desulfurization projects and cut daily gas flaring by up to 14 million cubic meters as part of broader efforts to curb air pollution, the head of the Environmental Protection Organization said.

Global Crude Oil Prices Today (January 26, 2026) / Brent Oil Price Rises to $66.11

2 months ago

26 January 2026

10:42 AM

Brent crude futures rose 23 cents (0.4%) to $66.11 per barrel. U.S. West Texas Intermediate (WTI) crude futures gained 19 cents (0.3%) to $61.26 per barrel.

India’s LNG buyers stall deals as they await record supply wave

2 months ago

26 January 2026

4:39 AM

Indian LNG importers are delaying long-term deals, seeking lower prices as a surge in global supply is anticipated. Major buyers like Gail India and Bharat Petroleum are pushing for more flexible contracts, hoping to benefit from new projects coming online. This strategy could be rewarded if prices fall, impacting India's energy mix goals.

New Gas model launched; contractors offer way to curb gas flaring

2 months ago

26 January 2026

4:33 AM

The CEO of the National Iranian Gas Company (NIGC) announced the certification of 35 gas contractor companies, saying the new contractor model turns the threat of “gas flaring” into a business and savings opportunity.

Farzad B gas field’s first offshore platform nears completion at 93%

2 months ago

26 January 2026

4:30 AM

Construction of the first offshore platform jacket at Iran’s Farzad B gas field is 93 percent complete, the project’s development manager said, adding that the structure is expected to be loaded for transport in the coming days and installed by the end of the year.

Libya signs 25-year oil deal with TotalEnergies and ConocoPhillips

2 months ago

25 January 2026

1:11 PM

Libya signed a 25-year oil development agreement on Saturday with France's TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion ‌in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah said.

Iran’s oil output slips slightly in December as OPEC production rises

2 months ago

25 January 2026

12:57 PM

Iran’s crude oil production edged down marginally in December 2025 even as overall output by the Organization of the Petroleum Exporting Countries (OPEC) increased, according to the group’s latest monthly report.

NIGC projects 25%–35% cut in consumption through energy service firms

2 months ago

25 January 2026

12:49 PM

The CEO of the National Iranian Gas Company said the Oil Ministry is aggressively pursuing gas-efficiency measures in cooperation with energy service firms, projecting a 25% to 35% reduction in consumption at the end of the demand chain once the program is fully implemented.

India eyes better oil deals as Russian imports slow, minister says

2 months ago

24 January 2026

9:39 AM

India can leverage its growing energy demand to negotiate better oil and gas supply deals, Oil Minister Hardeep Singh Puri said on Friday, as its refiners continue seeking alternatives to Russian oil.

Installed capacity of Iran’s renewable power plants exceeds 3,700 MW

2 months ago

24 January 2026

9:30 AM

The head of Iran's Renewable Energy and Energy Efficiency Organization (SATBA) said the installed capacity of the country's renewable power plants has exceeded 3,700 megawatts.

OPEC boosts crude output by 105,000 bpd in December 2025

2 months ago

24 January 2026

9:11 AM

Daily crude oil production by OPEC member countries rose by 105,000 barrels in the final month of 2025, reaching 28.564 million barrels per day in December, according to the organization’s latest report.

Global Crude Oil Prices Today (January 23, 2026) / Brent Oil Price Rises to $64.60

2 months ago

23 January 2026

9:32 AM

Brent crude futures rose by $0.54 (approximately 0.84%) to $64.60 per barrel. U.S. West Texas Intermediate (WTI) crude futures increased by $0.43 (about 0.72%) to $59.80.

Indian Oil Secures 7 Million Barrels from Angola, Brazil & UAE to Replace Russian Crude

2 months ago

23 January 2026

8:55 AM

Indian Oil Corp (IOC) buys 7M barrels of crude for March: 2M Buzios from Brazil’s Petrobras, 3M from Abu Dhabi (Murban + Upper Zakum), 2M Angola grades (Hungo/Clove via Exxon) — accelerating shift away from Russian oil amid tighter sanctions & lowest Russian imports in 2 yrs.

Iran’s trade with Eurasia up 16% in 8 months: TPOI chief

2 months ago

23 January 2026

8:46 AM

Iran’s trade with member states of the Eurasian Economic Union (EAEU) increased 16 percent in the first eight months of the current Iranian year (Mar. 21st-Nov. 22nd) the head of the Trade Promotion Organization of Iran said.

Global Crude Oil Prices Today (January 22, 2026) / Brent Crude Rises to $65.34

2 months ago

22 January 2026

7:53 AM

Brent crude futures rose by $0.10 (0.15%) to $65.34 per barrel. U.S. West Texas Intermediate (WTI) crude futures increased by $0.14 (0.23%) to $60.76 per barrel.

Venezuela’s Oil Exports Under U.S. Supply Deal Making Slow Headway

2 months ago

22 January 2026

7:43 AM

Venezuelan crude shipments under a $2 billion supply agreement with the United States have reached roughly 7.8 million barrels, but logistical bottlenecks, pricing resistance from buyers and storage overhangs are slowing progress and delaying a full reversal of output cuts.

Reducing private-sector investment risk in oil industry

2 months ago

22 January 2026

7:33 AM

The CEO of PetroIran Development Company said the investment volume under a contract to supply four drilling rigs to the National Iranian Oil Company (NIOC) is about $200 million, adding that the public-private partnership (PPP) contract model guarantees the company’s operations for five years, significantly reducing investment risk for the private sector.

SP refineries urged to maintain full readiness during cold spell

2 months ago

22 January 2026

7:30 AM

The National Iranian Gas Co.’s director for production coordination and supervision stressed the need to maintain 100% operational readiness at South Pars refineries amid severe cold weather, saying stable gas production and transmission are critical under current conditions.

IGTC amps up readiness for stable gas supply through winter

2 months ago

22 January 2026

7:27 AM

The head of Iranian Gas Transmission Company (IGTC) announced the company's winter preparations to ensure safe and stable passage through the peak gas consumption days in the winter of 1404, stating: "Approximately 207 billion cubic meters of gas has been transferred to consumer endpoints in the first nine months of this [Iranian] year (March 21-December 21, 2025)."

Global Crude Oil Prices Today (January 21, 2026) / Brent Crude Falls to $63.95

2 months ago

21 January 2026

9:03 AM

Brent crude futures dropped 97 cents (1.5% decline) to $63.95 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell 78 cents (1.3% decline) to $59.58.

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Latest News of Oil, Gas and Petrochemical industry

TOP NEWS Feed Atom

Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution

Global Crude Oil Prices Today (January 26, 2026) / Brent Oil Price Rises to $66.11

India’s LNG buyers stall deals as they await record supply wave

New Gas model launched; contractors offer way to curb gas flaring

Farzad B gas field’s first offshore platform nears completion at 93%

Libya signs 25-year oil deal with TotalEnergies and ConocoPhillips

Iran’s oil output slips slightly in December as OPEC production rises

NIGC projects 25%–35% cut in consumption through energy service firms

India eyes better oil deals as Russian imports slow, minister says

Installed capacity of Iran’s renewable power plants exceeds 3,700 MW

OPEC boosts crude output by 105,000 bpd in December 2025

Global Crude Oil Prices Today (January 23, 2026) / Brent Oil Price Rises to $64.60

Indian Oil Secures 7 Million Barrels from Angola, Brazil & UAE to Replace Russian Crude

Iran’s trade with Eurasia up 16% in 8 months: TPOI chief

Global Crude Oil Prices Today (January 22, 2026) / Brent Crude Rises to $65.34

Venezuela’s Oil Exports Under U.S. Supply Deal Making Slow Headway

Reducing private-sector investment risk in oil industry

SP refineries urged to maintain full readiness during cold spell

IGTC amps up readiness for stable gas supply through winter

Global Crude Oil Prices Today (January 21, 2026) / Brent Crude Falls to $63.95