Oil and Petrochemicals
Saudi Oil Crisis Transferred to Europe
The September 10 attacks on Saudi Arabia's Petroline pipeline have posed serious challenges to the country's oil supply...
Oil and Petrochemicals
Oil and Petrochemicals
Increase in the Value of Tanker and Cargo Ship Fleets in the Global Market
This week, the value of tanker and cargo ship fleets in the global market experienced significant changes. The sale of s...
Oil and Petrochemicals
Enbridge Seeks Accelerators for 2 Bcf Natural Gas Pipeline from Rosene to El Paso
Enbridge has launched a non-binding open season for the proposed West Texas Express system. This pipeline, with a capaci...
Oil and Petrochemicals
Russia Extends Diesel Export Ban Until the End of October
The Russian government has decided to extend the diesel export ban until the end of October 2023. This decision has been...
Oil and Petrochemicals
11% Increase in CNG Consumption Following Gasoline Price Reform
CNG consumption in the country has increased by 2 million cubic meters per day after the third gasoline price hike to 10...
Oil and Petrochemicals
The Minister of Oil Evaluated the Reconstruction of Damaged Facilities as Favorable
The Minister of Oil reported satisfactory progress in the reconstruction of damaged oil industry facilities and announce...
Oil and Petrochemicals
Mohsen Paknejad Announced the Reconstruction Process of Damaged Oil Facilities
Mohsen Paknejad reported on the favorable reconstruction process of four gas refineries and liquid fuel storage faciliti...
Oil and Petrochemicals
The Closure of Saudi Arabia's East-West Pipeline Affects Oil Exports
The closure of Saudi Arabia's East-West pipeline due to drone attacks threatens daily exports of 4 million barrels of oi...
Oil and Petrochemicals
Tanker Freight Rates Reach Highest Level Amid Increased Risks in Hormuz
Tanker freight rates in the Gulf of Oman have reached $12 per barrel and $24 per barrel in the MEG–China route. This inc...
Oil and Petrochemicals
Financial Management and Hedge Funds Increased Long Positions in Brent Oil
Financial managers and hedge funds increased their long positions in Brent oil futures contracts during the week ending...
Oil and Petrochemicals
Saudi Oil Crisis Intensified by Aramco's Suspension of Yanbu Loadings
Aramco has halted oil loadings from the Yanbu field due to logistical issues. This action has raised concerns about the...
Oil and Petrochemicals
Libya's National Oil Corporation Threatens to Declare Force Majeure
Libya's National Oil Corporation has threatened to declare force majeure due to the halt in production at the Hamada and...