An official, announcing that the country's renewable power plant capacity has surpassed 5,400 MW, stated: If equipment, foreign currency, and financial resources are provided, the target of exceeding 7,000 MW by the end of summer will be achieved.
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The Manager of Engineering and Development at the National Iranian Oil Company, referring to the meeting between Iran's Oil Minister and Russia's Minister of Energy, emphasized the continuation of cooperation between the two countries in developing oil and gas fields.
The Central Treatment of Export Petroleum (CTEP) unit at the Azadegan oil field is on the verge of full operational capacity after completing production trains A and B and launching pre-commissioning operations, the Petroleum Engineering and Development Company (PEDEC) reported.
Two oil tankers were attacked at the Caspian Pipeline Consortium (CPC) terminal off Russia's Black Sea coast, CPC said on Sunday, adding that oil loadings are suspended.
The new Iranian ambassador to South Korea, before departing for his post, visited the Tehran Chamber of Commerce and held talks with the Secretary-General of the Tehran Chamber to exchange views on the capacities for cooperation with this East Asian country and the development of commercial, technological, and cultural exchanges between the two countries.
As the annual overhaul season begins at the shared South Pars gas field, planning is underway to maintain stable gas production. Following damage to several domestic gas refineries during recent conflicts, ensuring maximum readiness of South Pars platforms for this winter has become more critical than ever.
New Leader of the Islamic Revolution Ayatollah Seyyed Mojtaba Khamenei issued a statement on Saturday saying that the United States' violation of a bilateral understanding with Tehran has once again demonstrated that the U.S. president's signature is "worthless and unreliable," while urging Iranians to preserve national unity and maintain confidence in state institutions.
Canada’s largest oil refinery is planning to shut down for maintenance in the fall, potentially exacerbating fuel market tightness in northeastern U.S. states that rely on the plant for gasoline and diesel imports.
Fajr Jam Gas Refinery completed the reconstruction and commissioning of its A and B waste incinerators, ending a five-year delay by relying on in-house expertise and domestic capabilities.
A new production well at the Cheshmeh Khosh, Dalpari and Paydar-e Sharq oil fields has come online, adding 5,500 barrels of crude oil per day, concurrent with the 30th Joint Management Committee (JMC) meeting for the fields' development project.
Brent crude oil futures contracts rose by $1.77, or 2.1 percent, reaching $86 per barrel. U.S. West Texas Intermediate (WTI) crude oil futures contracts increased by $1.91, or 2.4 percent, to $80.86.
The Bill exempts countries, mostly European nations, whose imports of Russian natural gas account for less than 15% of Russia's total natural gas exports and which are taking significant steps to reduce those imports.
The head of the National Iranian Oil Products Distribution Company reported a significant rise in gasoline consumption, with daily distribution reaching 134.5 million liters during the first 24 days of the Iranian month of Tir (late June–July).
Pars Oil and Gas Company (POGC) has launched its most extensive overhaul of South Pars offshore platforms to date, aiming to keep gas production steady after strikes damaged part of the country's gas refineries during recent conflict, according to Alireza Sarmadi, the company's director of production and operations.
Brent crude futures fell 27 cents, or 0.32%, to $84.68 per barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 11 cents, or 0.14%, to $79.49 per barrel.
The United Arab Emirates raised its crude oil production by 1,707 thousand barrels per day in June 2026, reaching 3.818 million barrels per day, according to OPEC's monthly report cited by Trading Economics. This output level is the highest recorded since April 2020.
China's oil major PetroChina said on Thursday its Dushanzi Petrochemical unit's 1.2 million metric tons per year ethylene project in Xinjiang had started up successfully on the first attempt.
Top Russian energy companies have approached Indian refiners for more gasoline after Ukrainian strikes knocked out a significant portion of Russia's refining capacity, two sources familiar with the matter told Reuters on Wednesday.
Technical and contractual negotiations have begun for the development of the Yadman oil field as part of Iran's broader strategy to expand production from its oil fields, according to the head of the Petroleum Engineering and Development Company (PEDEC).
Brent crude futures rose 69 cents (0.8%) to $85.42 per barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 73 cents (0.9%) to $80.07 per barrel.