London, October 15, 2025, (Oilandgaspress) –––Iran is ramping oil production back to record 2024 levels of around 4.3 million barrels per day, despite U.S. and Israeli airstrikes and ongoing sanctions. Russia is leading new development efforts in key shared oilfields like Changuleh, Cheshmeh-Khosh, and Arvand. China remains Iran’s largest oil buyer, protected by the 25-year Iran-China cooperation deal.. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $58.52 | Down |
| Crude Oil (Brent) | USD/bbl | $62.18 | Down |
| Bonny Light 09/10/25 CBN | USD/bbl | $68.99 | — |
| Dubai | USD/bbl | $64.18 | Down |
| Natural Gas | USD/MMBtu | $3.01 | Down |
| Murban | USD/bbl | $63.79 | Down |
| OPEC basket 14/10/25OPEC | USD/bbl | $63.05 | Down |
| At press time October 15, 2025 . |
International Energy Agency (IEA) said Russia’s revenues from crude and fuel sales fell to $13.35 billion in August, due also to lower prices. That followed a steep decline in August from July.
“Persistent attacks on Russian energy infrastructure have cut Russian crude processing by an estimated 500,000 barrels per day, resulting in domestic fuel shortages and lower product exports,” the IEA said in a monthly report.
It said Russian crude and oil product exports rose by 210,000 bpd to 7.4 million bpd in September, as a pickup in crude exports more than offset the decline in oil products.
Crude exports rose 370,000 bpd to 5.1 million bpd, the highest since May 2023, as lower refining throughput freed up barrels for international markets.
But product exports dropped 170,000 bpd to 2.4 million bpd, mainly driven by gasoil and fuel oil. Preliminary data suggests shipments to Saudi Arabia fell in particular, the IEA said. Read More
Baker Hughes Rig Count: International -3 to 1076, :U.S. -2 to 547 Canada +3 to 193
U.S. Rig Count is down 2 from last week to 547 with oil rigs down 4 to 418, gas rigs up 2 to 120 and miscellaneous rigs unchanged at 9
Canada Rig Count is up 3 from last week to 193, with oil rigs unchanged at 129, gas rigs up 3 to 63 and miscellaneous unchanged at 1.
International Rig Count is up 8 from last month to 1,084 with land rigs up 8 to 841, offshore rigs unchanged at 243
The Worldwide Rig Count for August was 1,793, up 7 from the 1,786 counted in July 2025, and down 153, from the 1,946 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | October 10, 2025 | 547 | -2 |
| Canada | October 10, 2025 | 193 | +3 |
| International | September 2025 | 1084 | +8 |
International Rig Count is down 72 rigs from last year’s count of 1,156, with land rigs down 44, offshore rigs down 28.
The average U.S. Rig Count for September was 542 up 3 from last month count of 538 and down 45 year-over-year.
The average Canada Rig Count for September was 187 up 8 rigs from last month count of 179 and down 30 year-over-year. Baker Hughes
POWWR announces that Utility Aid has launched a scalable sub-broker channel . thanks to POWWR Broker360. The solution will enable growth for Utility Aid without adding headcount or increasing overhead. For over 20 years, Utility Aid has helped charity and not-for-profit organisations bring down their energy costs. This includes reclaiming overcharges, managing administration and advising on all energy-related matters. Its customers include housing associations and community groups, schools, churches and frontline support services.
In 2024, Utility Aid launched a previous incarnation of its sub-broker channel. However, it found that manual processes required extra headcount to support growth. There was also a lack of visibility and record keeping across sub-broker activities. Plus, there was concern about the operational impact from onboarding new partners. By implementing POWWR Broker360, Utility Aid can now onboard new sub-brokers with ease, ensuring the process is smooth and minimally disruptive to daily operations. The team has significantly reduced administrative burden, eliminating the need to hire additional staff to keep up with growing demand. In addition, record keeping and reporting capabilities
have improved, helping Utility Aid maintain better oversight and efficiency as the channel grows. Most importantly, though, sub-brokers now enjoy a consistent, user-friendly quoting experience, enabling them to serve customers quickly and confidently. Read More
Iraq has exported roughly 2.5 million barrels of crude from the Kurdistan Region. since shipments resumed late last month, a senior official from the State Oil Marketing Organization (SOMO) said on Tuesday. Hamdi Shingali, SOMO’s deputy director, told Shafaq News that export operations have “returned to normal,” adding that Baghdad, Erbil, and international oil companies are likely to renew their tripartite export agreement by the end of the year.
Oil exports from the Kurdistan Region restarted on September 27 after a suspension lasting more than two and a half years, with current flows averaging 190,000 barrels per day through the Fishkhabur–Ceyhan pipeline.. Read More
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Victor Cole , victor@oilandgaspress
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