Oil and Petrochemicals
Natural Gas Demand Decreased by 5 Bcf Last Week Due to Freeport LNG Shutdown
Freeport LNG operated for a week with one train less than its usual capacity, reducing U.S. natural gas demand by 0.7 Bc...
Oil and Petrochemicals
Oil and Petrochemicals
Impact of Hurricane Isaias on Oil and Gas Production in the Gulf of Mexico
Hurricane Isaias has led to a halt in daily production of 1.3 million barrels of oil and 1.1 billion cubic feet of natur...
Oil and Petrochemicals
Germany to Release 15 Million Barrels of Oil from Its Reserves
Germany has officially announced that it will release up to 15 million barrels of oil and petroleum products as part of...
Oil and Petrochemicals
France to Release 10 Million Barrels of Diesel from Its Emergency Reserves
France will release 10 million barrels of diesel from its emergency reserves to reduce fuel prices. This decision was ma...
Oil and Petrochemicals
Trump Administration Halts Attacks on Iran Before Midterm Elections
The United States government led by Donald Trump has announced that no attacks on Iran will take place before the midter...
Oil and Petrochemicals
Natural Gas Prices in the U.S. Return Above $3.200
U.S. natural gas futures prices rose above $3.200 per million BTU on Friday. A decrease in domestic production and an in...
Oil and Petrochemicals
Increase in Natural Gas Reserves in the Central South Region to 28.2 Billion Cubic Feet
Natural gas reserves in the Central South region reached 28.2 billion cubic feet with a growth of 1.5 billion cubic feet...
Oil and Petrochemicals
Decrease in Brent and WTI Crude Oil Prices in Recent Trades
The price of North Sea Brent crude oil and U.S. WTI reached $102.58 and $90.41, respectively. Analysts consider developm...
Oil and Petrochemicals
Transocean Adds $1.1 Billion to Its Offshore Drilling Contracts
Transocean has added $1.1 billion to its offshore drilling backlog with the final confirmation of a $1 billion contract...
Oil and Petrochemicals
Australia Unveils Final LNG Storage Program for Domestic Buyers
Australia is preparing to release the final version of a controversial program that requires liquefied natural gas produ...
Oil and Petrochemicals
Petronas Increases Malaysia's Dividend by 19% to $7.8 Billion for 2027
Petronas, the oil company, is taking a new step to strengthen its financial position by increasing its dividend by 19% t...
Oil and Petrochemicals
Nasrallah Pejmanfar Evaluated the Reconstruction of Phase 14 of South Pars Refinery as Favorable
Nasrallah Pejmanfar, during his visit to the Phase 14 South Pars Refinery, described the reconstruction process of the d...