Oil and Petrochemicals
Oil Prices Rise to $106 in Global Markets
Brent crude oil reached $106 and West Texas Intermediate crude reached $93.94. Analysts warn about the state of the oil...
Oil and Petrochemicals
Oil and Petrochemicals
The upward trend of oil prices in the global market continues
Oil prices increased on Thursday due to uncertainties surrounding diesel exports. This trend has led to new tensions in...
Oil and Petrochemicals
Qatar Increases Liquefied Gas Tanker Traffic from the Strait of Hormuz
Qatar has raised the traffic of liquefied natural gas tankers from the Strait of Hormuz to its highest level in over two...
Oil and Petrochemicals
Latest Status of Brent and West Texas Crude Oil Prices on October 24, 2026
The price of Brent crude oil today reached $105.40 per barrel, while West Texas crude oil reached $93.80. Geopolitical d...
Oil and Petrochemicals
The Iran War Changed the Oil Route of the Persian Gulf
After the war began, Saudi Arabia and other oil producers quickly found alternative routes for oil exports. These develo...
Oil and Petrochemicals
Technical Failure at Abadan Refinery Production Unit
A loud noise resulting from a technical failure in one of the units of the Abadan refinery was heard. This incident rais...
Oil and Petrochemicals
The Big Wave of Mergers and Acquisitions in the Canadian Oil Industry
The Canadian oil industry has recorded over $30 billion in mergers and acquisitions this year. It is expected that this...
Oil and Petrochemicals
The White House Rejects Ban on U.S. Diesel Exports
The White House recently announced that there is no plan to ban U.S. diesel exports. This statement comes in the wake of...
Oil and Petrochemicals
Increase in Natural Gas Prices Amid Signs of Heating Demand and Production Decline
Natural gas prices rose on Wednesday due to signs of heating demand. This increase occurred as production of gas has dec...
Oil and Petrochemicals
Increase in VLCC Tanker Freight Rates Due to Global Market Changes
VLCC tanker freight rates have reached new highs due to changes in oil supply and demand. Developments in the Persian Gu...
Oil and Petrochemicals
Stability of Freight Rates in the Fujairah Oil Field in Week 39 of 2026
Freight rates in the Fujairah oil field, after a sharp increase to 800 WS in recent weeks, have reached a state of equil...
Oil and Petrochemicals
Fuel Shortage in Europe and Africa Due to Increased Demand
The fuel supply shortage in various regions of Europe and Africa is evident in September 2026 due to increased demand. B...