Oil and Petrochemicals
Increase in Product Tanker Rates in Global Markets
Product tanker rates in global markets, especially in the Middle East and Asia, have surged significantly due to recent...
Oil and Petrochemicals
Oil and Petrochemicals
The Decline of VLCC Tanker Rates in the Middle East Market
VLCC tanker rates in the Middle East market have slightly decreased to WS1,157.5. Meanwhile, rates for other tankers in...
Oil and Petrochemicals
Iran Emphasizes Its Conditions for the Reopening of the Strait of Hormuz
Iran announced that it will not reduce its conditions for reopening the Strait of Hormuz and is awaiting a definitive re...
Oil and Petrochemicals
Increase in B100 Samples in Rotterdam in 2026
B100 samples registered by ENGINE in Rotterdam more than doubled in the first eight months of 2026, reaching 77 samples....
Oil and Petrochemicals
15% Increase in Heavy Fuel Reserves in the ARA Region in September
Heavy fuel reserves in the ARA region increased by an average of 15% in September compared to August. This increase is d...
Oil and Petrochemicals
PTT Exploration and Production Decides to Develop the Bhosabong Gas Field
PTT Exploration and Production Public Co Ltd (PTTEP) has announced its final decision to develop the Bhosabong gas field...
Oil and Petrochemicals
Trump's Administration Asked Zelensky to Reduce Attacks on Russian Oil Refineries
The U.S. government has asked the President of Ukraine to reduce attacks on Russian oil refineries. This request comes a...
Oil and Petrochemicals
Trump Calls for Reduction of Ukraine Attacks on Russian Oil Refineries
The Trump administration has called for a reduction in Ukraine's attacks on Russian oil refineries. The President of the...
Oil and Petrochemicals
Donald Trump Calls for Reduction of Attacks on Russian Refineries
Donald Trump has asked Volodymyr Zelensky to reduce attacks on Russian refineries. This request comes in the context of...
Oil and Petrochemicals
Visit of the Minister of Cooperatives to the Injured Workers of the Abadan Refinery
The Minister of Cooperatives, Labor and Social Welfare visited the injured workers of the Abadan refinery incident and e...
Oil and Petrochemicals
Brent Oil Price Drops to $43.98 Amid Diplomatic Changes
The price of Brent oil reached $43.98 per barrel on September 23, 2026, showing signs of calm in the black gold market.
Oil and Petrochemicals
Brent Crude Oil and Iranian Light Oil Surpass $106
The price of Brent crude oil and Iranian light oil has significantly increased to $106.85 and $106.20, respectively. The...