India has issued a tender to private companies to build and operate a new storage site for the Strategic Petroleum Reserve of the world's third-largest crude oil importer.
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The average daily delivery of liquid fuel to power plants in the first 15 days of Dey, the tenth month of the Iranian calendar year, increased by 25%.
The National Iranian Oil Company (NIOC) has announced its official crude oil prices for January 2025, IRNA reported.
The National Iranian Gas Company reported a 20% increase in gas consumption in residential, commercial, and small-scale industrial sectors compared to the same day last year.
Iran's deputy energy minister has announced that renewable electricity generation capacity will reach 4,800 MW by March 20, 2025.
The Iranian oil minister announced that creating a secure and transparent environment for investors is a priority of the Oil Ministry.
The first private sector oil dock in the South Pars region has successfully entered operational service after completing its first fueling operation.
India's crude oil import from Russia decreased by 13.2% in December, but remained the largest supplier, accounting for 31% of India's total crude oil imports.
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.
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.