Oil and Petrochemicals
Resumption of Saudi Arabia's East-West Pipeline and Continued Oil Market Tightness
The resumption of Saudi Arabia's East-West pipeline, despite a sharp increase in transportation costs and high diesel pr...
Oil and Petrochemicals
Oil and Petrochemicals
INEOS Closes Three Chemical Plants in the UK Due to High Gas Prices
INEOS has closed three chemical plants in the UK due to exorbitant natural gas prices. This closure means the loss of th...
Oil and Petrochemicals
Holding the Seventh High-Level OPEC-India Energy Dialogue
The seventh high-level OPEC-India energy dialogue was held in New Delhi, emphasizing India's vital role in economic deve...
Oil and Petrochemicals
Libya's Sharara Oil Field Faces New Blockage from Military Group
The Sharara oil field in Libya experienced a significant drop in oil production due to the closure of a valve in the oil...
Oil and Petrochemicals
Sol Kavonik Describes Oil Market Situation as Critical
Sol Kavonik, senior analyst at MST Marquee, pointed to the critical state of the oil market and stated that oil flow fro...
Oil and Petrochemicals
Ghasem Ali Bazayi Appointed CEO of Pars Special Economic Energy Zone Organization
Ghasem Ali Bazayi has officially been appointed as the CEO of the Pars Special Economic Energy Zone Organization. He pre...
Oil and Petrochemicals
Diesel Prices Reach Highest Level in Global Markets
Diesel prices in global markets have reached a new record due to wars and reduced exports. This increase has posed serio...
Oil and Petrochemicals
Iran Announces Its Readiness to Reopen the Strait of Hormuz
Iran has announced that it is ready to reopen the Strait of Hormuz within a week if U.S. pressures are reduced. Oil pric...
Oil and Petrochemicals
LNG Price Drops in Rotterdam to $1,488 per Ton
The price of LNG in Rotterdam has decreased by $119 to $1,488 per ton. This drop occurred due to an 11% decline in natur...
Oil and Petrochemicals
Increase in the Range of Standard Ship Sizes in LNG Price Assessment in Asia-Pacific by Platts
Platts is increasing the range of standard ship sizes to update LNG price assessments in Asia-Pacific. From October 16,...
Oil and Petrochemicals
Shipbuilding Orders in China Reach 1210.6 Million Tons
New shipbuilding orders in China increased to 1210.6 million tons in the first half of the year, which is 2.7 times more...
Oil and Petrochemicals
Increase in Oil Prices Amid Possible US-Iran Negotiations
Oil prices in Asian markets rose by 1.5%. This increase is due to investors' attention to the possibility of negotiation...