Oil and Petrochemicals
Brent and West Texas Crude Oil Prices Under Pressure from Rising U.S. Inventories
Brent crude oil prices fell by 1.1% to $96.92. The increase in crude oil inventories in the U.S. to 427.3 million barrel...
Oil and Petrochemicals
Oil and Petrochemicals
Brent crude oil price decreased to $96.92
The price of Brent crude oil fell by 1.1% to $96.92 per barrel. Predictions indicate a continuation of the downward tren...
Oil and Petrochemicals
Atlantic Petroleum Submits New Exploration License Application in the Faroe Islands
Atlantic Petroleum has submitted a new exploration and production license application in the Faroe Islands under the Ope...
Oil and Petrochemicals
One Percent Decrease in Oil Prices Due to Increase in U.S. Reserves
Oil prices fell by one percent on Thursday due to an unexpected increase in U.S. oil reserves. These changes have affect...
Oil and Petrochemicals
Support from American Oil and Gas Groups for Bipartisan Senate Licensing Reforms
American oil and gas industry groups have supported the bipartisan Senate licensing reform package and called for its ex...
Oil and Petrochemicals
Iran Loses Control Over Strait of Hormuz Traffic
Iran has requested that vessel traffic in the Strait of Hormuz be conducted through the northern corridor. The high volu...
Oil and Petrochemicals
Decrease in Activity in the Oil and Petrochemical Market Due to Profit-Taking
The oil and petrochemical market has recently experienced a decrease in activity and profit-taking. These changes are re...
Oil and Petrochemicals
OneSubsea Delivers Production Systems for the Rovuma Natural Gas Project
OneSubsea has recently announced its plan to deliver production systems to the Rovuma natural gas project in Mozambique....
Oil and Petrochemicals
Natural Gas Futures Approach $3
Natural gas futures fell below $3 per million BTU on Wednesday and ultimately ended with a slight increase. Analysts exa...
Oil and Petrochemicals
Growth of Production and Sales at Abadan Petrochemical in September 2026
Abadan Petrochemical achieved a production of 2,775 tons and revenue of 623 billion tomans in September 2026. This growt...
Oil and Petrochemicals
Guyana Achieves Significant Economic Growth with Oil Production from the Stabroek Field
Guyana has been recognized as the third largest oil producer in South America due to increased oil production from the S...
Oil and Petrochemicals
Saeed Tavakoli Described Gasmen as the Showcase of the National Iranian Gas Company
Saeed Tavakoli, the CEO of the National Iranian Gas Company, introduced gasmen and rescuers as the showcase of this comp...