October 2026
Chinese Shock to the Gasoline Market
Gasoline profit margins in Asia have drastically fallen from over $50 to around $11 per barrel in less than a month due to China's unexpected…
Karachi LPG Prices Surge to Nearly Double Official Rate, Highlighting Government's Regulatory Failures
Karachi residents are facing a significant increase in LPG prices, which have surged to Rs550 per kilogram, nearly double the official rate. This situation reflects…
Private Sector Participation in Collecting Associated Gases Will Increase
A member of Iran's Energy Commission highlighted the need to speed up the collection of associated gases from oil production. The focus is on enhancing…
The European Union Pays 10 Billion Euros More Monthly for Oil
European countries are facing increased costs for oil imports due to military actions by the U.S. and Israel against Iran. This situation arises in the…
Authority to Review Fuel Prices and Quotas Assigned to Special Energy Working Group
The Iranian Cabinet has transferred the responsibility of reviewing fuel prices and quotas to a specialized working group. This decision involves the management of petroleum…
New Government Decision on Gasoline and Diesel Prices
The Iranian government has empowered a special energy task force to adjust the pricing and rationing of fuel products. This decision is significant as it…
Iran Exceeds Oil Production Targets in Collaboration with Russian Company
Iran's daily oil production from the East Paydar, Cheshmeh Khosh, and Dalpari fields has reached 127,000 barrels, surpassing the contractual target of 120,000 barrels set…
Zanganeh: 85.5% of Government Revenues Achieved in the First 6 Months of This Year
The Iranian Parliament's Program and Budget Commission reports that 85.5% of government revenue has been realized in the first half of the year, with oil…
Joint Research by Metan Company and Sahand University Wins Energy Excellence Award
A collaborative research effort between Metan Company and Sahand University has been recognized with an award for its innovative use of AI in oil well…
Practical Safety Training Center to be Established at Abadan Oil School
The University of Petroleum Industry and the Abadan Oil Refining Company have signed an agreement to create a practical safety training center. This initiative aims…
Pakistan Faces LPG Crisis as Prices Soar to Rs750 per Kg
Pakistan is experiencing a significant rise in LPG prices, with costs reaching Rs750 per kg, leading to concerns over government regulation and consumer affordability. This…
Deposit of over 4 trillion rials from border fuel sales in Kermanshah to the government's treasury
The National Iranian Oil Products Distribution Company reported significant border fuel sales in Kermanshah, totaling over 4 trillion rials, with the proceeds going to the…
17,000 Oil Tankers to be Equipped with Smart Trackers
The National Iranian Oil Engineering and Construction Company is set to enhance the monitoring of its oil distribution network by equipping 17,000 oil tankers with…
Germany Faces Energy Crisis as Petroleum Prices Soar Amid Middle East Conflicts
Germany is experiencing a significant energy crisis as petroleum product prices have surged over 50% due to conflicts in the Middle East and a shift…
Iran Successfully Exports Fuel Despite U.S. Naval Blockade
Iran has successfully exported liquefied petroleum gas and jet fuel despite a U.S. naval blockade that has severely impacted its crude exports. At least eight…
Axon Group Wins WPC Energy Excellence Award for Equal Opportunities
Axon Group has been recognized for its efforts in promoting equal opportunities by winning an award at the WPC Energy Excellence Awards 2026. This achievement…
Disruption in the Last Commercial Channels
Iran's energy exports to Pakistan have been temporarily halted due to new banking requirements amid U.S. sanctions, complicating trade relations. This situation arises as both…
Iran Successfully Exports LPG and Jet Fuel Amid US Naval Blockade
Iran has successfully exported liquefied petroleum gas and jet fuel despite a US naval blockade reinstated in July. This indicates Iran's resilience in circumventing sanctions…
Reuters: Iran Continues to Export Liquefied Gas and Jet Fuel Despite U.S. Naval Blockade
Iran is reportedly continuing its exports of liquefied gas and jet fuel despite a U.S. naval blockade. This situation involves Iranian shipping operations and U.S.…
Iran Continues LPG and Jet Fuel Exports Despite US Naval Blockade
Iran has successfully exported liquefied petroleum gas and jet fuel since July, despite ongoing US naval blockades. This highlights Iran's resilience in circumventing sanctions and…
Extensive Fire in Smuggled Fuel Warehouse in Bam County / 2 Firefighters Injured
A significant fire occurred at a smuggled fuel storage site in Bam County, injuring two firefighters. The incident involved extensive firefighting efforts, highlighting ongoing issues…
OPEC Lowers Oil Demand Growth Forecast for 2026
OPEC has revised its oil demand growth forecast for 2026 downward, signaling potential challenges in the global oil market. This announcement comes from the Secretary-General…
CEOs of Major Oil Companies Withdraw from Riyadh Energy Conference
Following a missile attack on King Khalid International Airport that killed 12 and injured over 300, top executives from major oil companies have decided to…
Development of Standard Infrastructure to Facilitate Border Trade in Sistan and Baluchestan
The Director General of Standards in Sistan and Baluchestan announced the establishment of new laboratories to improve testing processes for border trade. This initiative aims…
OPEC Secretary-General Congratulates Appointment of Acting Oil Minister
Haitham Al-Ghais congratulated Hamid Bord on his new role as the Acting Oil Minister of Iran. This appointment is significant as it reflects ongoing developments…
Putin Claims Russian Oil Supplies to US Will Benefit Global Economy Following Trump Discussion
Russian President Vladimir Putin announced that proposed oil supplies to the US would benefit the global economy, following a call with US President Donald Trump…
Putin and Trump Discuss Ukraine Crisis and Global Energy Supply
Russian President Vladimir Putin and U.S. President Donald Trump discussed the Ukraine crisis and global energy supply, with Russia expressing its readiness to supply oil…
Putin and Trump Discuss Ukraine Crisis and Global Energy Supply
Russian President Vladimir Putin and U.S. President Donald Trump discussed the Ukraine crisis and global energy supply in a phone call. The conversation highlighted Russia's…
Putin Confirms Trump's Claim
Vladimir Putin and Donald Trump spoke on the phone, where Putin confirmed Russia's willingness to supply oil and petroleum products globally. This interaction highlights the…
IRGC Reports Fire on Unauthorized LPG Carrier in Strait of Hormuz, Reaffirms Control
The IRGC Navy reported a fire on an LPG carrier that was navigating an unauthorized route in the Strait of Hormuz, asserting Iranian control over…
IRGC Reports Attack on LPG Tanker in Hormuz Strait
The IRGC Navy reported that a large LPG tanker was struck and ignited in the southern region of the Hormuz Strait. This incident involves the…
US Imposes Sanctions on 17 Vessels Linked to Iran's Oil Transport Network
The US Treasury Department imposed sanctions on October 8 against 17 vessels and companies linked to Iran's shadow fleet, which are accused of facilitating the…
Pakistan's Fuel Subsidy: Relief for Millions, But Gaps Remain
The Pakistani government has implemented a petrol subsidy for millions of citizens, but some economists argue that the most vulnerable populations are not benefiting from…
Study Links 'Quiet Firing' to Increased 'Quiet Quitting' in Oil and Gas Industry
A study in the oil, gas, and petroleum industry indicates that 'quiet firing' by employers leads to increased 'quiet quitting' among employees, with strong workplace…
South African Fuel Prices Surge Due to Impact of Iran Conflict
South Africa's petrol and diesel prices are set to increase significantly due to the impact of the ongoing conflict involving Iran. The rise in fuel…
The Shift to Electric Vehicles: Implications for Big Petroleum and Iran's Economy
The article discusses the implications of an oil columnist's transition to electric vehicles (EVs), suggesting a potential shift away from fossil fuels. This trend may…
Iran Oil Minister Resigns Amid Ongoing US Blockade on Petroleum Exports
Iran's Oil Minister Mohsen Paknejad has resigned and is temporarily replaced by Hamid Bovard, the head of the National Iranian Oil Company, amid ongoing US…
Iran's Oil Minister Resigns; New Caretaker Appointed
Iran's Minister of Petroleum, Mohsen Paknejad, has resigned, prompting President Masoud Pezeshkian to appoint Hamid Bovard as the caretaker head of the Oil Ministry. This…
Iran's Oil Minister Resigns; New Caretaker Appointed
Iran's Minister of Petroleum, Mohsen Paknejad, has resigned, leading President Masoud Pezeshkian to appoint Hamid Bovard as the caretaker head of the Oil Ministry. This…
China's Halt on Fuel Exports Will Reduce Supply to Asia
China has decided to halt its exports of petroleum products, which may lead to a reduction in supply for buyers in Asia. This decision impacts…
Oil Market in the Tight Spot of Product Supply
The oil market is facing challenges due to geopolitical tensions in West Asia and disruptions in oil transport, leading to a shortage of petroleum products.…
US Enhances Military Presence in Gulf Amid Rising Tensions with Iran
The US has deployed additional Patriot missile batteries in Saudi Arabia and Qatar to enhance security around vital oil and gas infrastructure amid rising tensions…
Oil Prices Increased by 2%
Oil prices rose by 2% due to China's suspension of petroleum product exports. This situation involves the global oil market and highlights China's influence on…