Oil and Petrochemicals
Increase in Crude Oil Inventory in the U.S. to 1.786 Million Barrels
Crude oil inventory in the United States increased by 1.786 million barrels in the week ending September 18. Additionall...
Oil and Petrochemicals
Oil and Petrochemicals
Crude Oil and Heavy Product Exports from the Caribbean Increased by 45%
Crude oil and heavy product exports from the Caribbean have increased by 234 million barrels this year. This increase me...
Oil and Petrochemicals
Saudi Arabia Changes Export Route Due to STS Limitations in the Oman Gulf
Saudi Arabia has approached maximum capacity for Ship-to-Ship (STS) transfer services by changing its export route towar...
Oil and Petrochemicals
Iran Offers to Open the Strait of Hormuz in Exchange for Reduced U.S. Military Tension
Iran has announced that it is ready to reopen the Strait of Hormuz within seven days, provided that the United States ta...
Oil and Petrochemicals
Increase in Crude Oil Loading in 2025 by Banchero Costa
Banchero Costa announced in its weekly report that crude oil loading has improved in 2025. Following a slight decrease i...
Oil and Petrochemicals
Fuel Supply Situation in Singapore and Malaysia Under Pressure
The fuel market in Singapore is facing shortages, and VLSFO delivery times have reached 13-17 days. The supply situation...
Oil and Petrochemicals
55.8 Percent Increase in the Value of EU Oil Imports in the Second Quarter of 2026
In the second quarter of 2026, the value of petrochemical oil imports to the European Union increased by 55.8 percent. M...
Oil and Petrochemicals
Saudi Aramco Increases Crude Oil Loading After Pipeline Disruption
Saudi Aramco loaded about 14 million barrels of crude oil onto seven very large tankers in the Persian Gulf yesterday. T...
Oil and Petrochemicals
Shell Completes Sale of Its Assets in the Na Kika and Columbia Fields to Talos and Ridgewood
Shell Offshore Inc. has completed the sale of its assets in the Na Kika and Columbia fields to Talos Energy and Ridgewoo...
Oil and Petrochemicals
Norway's Oil Production Increases to 1.882 Million Barrels per Day
Norway's oil production reached 1.882 million barrels per day in August, which is higher than predictions but still lowe...
Oil and Petrochemicals
The Upward Trend of Natural Gas Prices in the United States Market
Natural gas futures prices in the United States have approached $3. Decreased production and excess storage have contrib...
Oil and Petrochemicals
Shell Exits BP's Na Kika Platform in the Gulf of Mexico
Shell has decided to exit BP's Na Kika platform in the Gulf of Mexico. This move is part of Shell's efforts to realign i...