Oil and Petrochemicals
U.S. Crude Oil Exports Reach 3.5 Million Barrels Per Day
U.S. crude oil exports increased to 3.5 million barrels per day in September, up from 3.4 million barrels per day in Aug...
Oil and Petrochemicals
Oil and Petrochemicals
Biofuel Prices in Rotterdam Improve
The price of B30-VLSFO in Rotterdam has increased by $2 per ton over the past week. Meanwhile, the regular VLSFO prices...
Oil and Petrochemicals
Competition Between South Korea and China in the LNG Ship Market
A fierce competition is emerging between South Korea and China in the market for large liquefied natural gas (LNG) ships...
Oil and Petrochemicals
5% Increase in Fuel Oil Inventory in Fujairah Industrial Area
Fuel oil inventory in Fujairah has increased by 5% in the first week of October compared to September, reaching 4.72 mil...
Oil and Petrochemicals
Unprecedented Growth in Revenues in the Middle East's Crude Tanker Sector
The crude tanker sector in the Middle East is witnessing unprecedented revenue growth due to high risks in the Persian G...
Oil and Petrochemicals
Strategic Oil Reserves Drop to Lowest Level in Half a Century
The strategic oil reserves of the United States have reached their lowest level in 48 years. This decrease to 380 millio...
Oil and Petrochemicals
Baker Hughes Reports Eight Rig Increase in North America
Baker Hughes' rig count shows that North America added eight new drilling rigs in the past week. This comes after the re...
Oil and Petrochemicals
Azadegan Oil Field and Its Development Challenges in Iran
The Azadegan oil field, with reserves of 32 billion barrels of oil, has yet to reach its true capacity. Management chall...
Oil and Petrochemicals
Mike Wirth announced the physical oil price delivered in Asia at $150
In the global oil market, the price of physical oil has approached $150 per barrel. The gap between the physical oil pri...
Oil and Petrochemicals
Expansion of Cooperation between Tejarat Bank and the National Petrochemical Company of Iran
Tejarat Bank, as the specialized bank for the petrochemical industry in the country, announced its readiness to expand c...
Oil and Petrochemicals
Italy's Eni Sells Part of Its Stake in Seven Indonesian Blocks
The Italian company Eni has sold part of its stake in seven oil and gas blocks in Indonesia. This move will help acceler...
Oil and Petrochemicals
North Sea Oil Producers Call for Cancellation of Additional Income Tax
North Sea oil producers have asked the UK government to cancel the additional income tax. This request comes in light of...