Oil and Petrochemicals
Oil Price Decline Ahead of the Fourth Quarter of the Year
BMI analysts have stated that oil prices are under pressure as we approach the fourth quarter of the year. This situatio...
Oil and Petrochemicals
Oil and Petrochemicals
Kuwait and Saudi Arabia Have Assigned the Construction of Onshore Facilities for the Arash Gas Field to a European Company
Kuwait and Saudi Arabia have entrusted the project of constructing onshore facilities for the Arash gas field to a Europ...
Oil and Petrochemicals
G7 Countries Release Emergency Oil Reserves
The G7 countries have released emergency oil reserves to alleviate pressure on consumers. This decision helps reduce die...
Oil and Petrochemicals
Canadian Prime Minister Begins Accelerating Legal Approvals for New Oil Pipeline
Prime Minister Mark Carney is accelerating legal approvals for a high-capacity oil pipeline to expand Canada's access to...
Oil and Petrochemicals
Strong Performance of Energy ETFs in 2026
Energy ETFs have seen a significant increase in returns in 2026, especially amid geopolitical tensions and rising prices...
Oil and Petrochemicals
Matador Resources Finalizes $1.26 Billion Acquisition of Paloma
Matador Resources expanded its position in the Delaware Basin by completing the $1.255 billion acquisition of Paloma Per...
Oil and Petrochemicals
Increase in Natural Gas Prices in California and the Western United States
Natural gas prices in the western United States have significantly increased. This price rise is due to pipeline restric...
Oil and Petrochemicals
Crude Oil Exports from the Strait of Hormuz Return to Pre-War Levels
Crude oil exports from the Strait of Hormuz have reached an average of 13.5 million barrels per day. However, the transp...
Oil and Petrochemicals
Stolt-Nielsen's $84.4 Million Net Profit Report for the Third Quarter
Stolt-Nielsen reported a net profit of $84.4 million with revenues of $776.5 million for the third quarter of 2026, comp...
Oil and Petrochemicals
Precious Shipping Announces Contract for Construction of 4 New Ultramax Vessels
Precious Shipping has signed contracts for the construction of four Ultramax cargo vessels with a capacity of 64,500 DWT...
Oil and Petrochemicals
14% Increase in Fuel Oil Stocks in Fujairah Industrial Area
Fuel oil stocks at Fujairah port rose by 14% to 5.54 million barrels in September. Imports and exports of fuel oil also...
Oil and Petrochemicals
Venezuela's Oil Exports Decreased by 9% in September
Venezuela's oil exports fell to 1.08 million barrels per day. Rising transportation costs and demands for greater discou...