Iranian Heavy crude’s average spot price stood at $105.84 per barrel in September 2026, up about $24.59 per barrel from August 2026, according to the latest issue of the Organization of the Petroleum ...

The Tehran Stock Exchange (TSE) has announced the sale of an 11.4% stake in Isfahan Oil Refining Company, equivalent to approximately 71.5 billion shares, scheduled for October 27, 2026. The block ...

In September, the OPEC Reference Basket (ORB) value increased by $24.15/b, m-o-m, to average $110.59/b. The ICE Brent front-month contract increased by $13.94/b, m-o-m, to average $102.02/b, ...

The project manager of the Yaran Oilfield Development Project at Iran’s Petroleum Engineering and Development Company (PEDEC), said: ...

The Organization of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to 400,000 barrels per day, ...

Iran's Pars Oil & Gas Co. (POGC) has issued an EPC tender (design, fabrication and installation) to replace pressure vessels ...

Iran Pars Oil & Gas Co. (POGC) has issued a tender for provision of Logging While Drilling (LWD) Services for new South Pars ...

Iran’s Ilam Province has secured approval to allocate crude oil from the Azar and Changuleh oilfields to local ...

In a report recently published by Iran’s Central Oil Fields Company (ICOF), the company exceeded its production targets in several operational regions during the first half of 1405 (March–September ...

The US Treasury Department has sanctioned 17 vessels and several companies linked to Iran’s shadow fleet for transporting ...

Disruptions to Middle Eastern energy exports have exposed the vulnerability of Asia’s petrochemical industry, which relies heavily on imported naphtha.

Iran’s petrochemical industry had attracted $91.6 billion in investment by the end of the last Iranian year (ending late March 2026), ...