Oil and Petrochemicals
Shiraz Petrochemical Hosts Members of the Special Commission for Production Support
The Special Commission for Production Support emphasized the importance of investment in the petrochemical industry duri...
Oil and Petrochemicals
Oil and Petrochemicals
Removing Barriers to Oil Well Revival Contracts with Technology Companies
Mehdi Ahmadkhanbeigi announced the reform of oil well revival contract models and emphasized the reduction of risks for...
Oil and Petrochemicals
Mitsui OSK Lines is Selling Its Old Tankers
Mitsui OSK Lines is planning to sell several of its old tankers with the aim of capitalizing on rising tanker prices. Th...
Oil and Petrochemicals
China Returns to the Oil Purchase Market and Examines Energy Security Scenarios
China has resumed oil purchases with the aim of maintaining refinery operations and diversifying supply sources. This mo...
Oil and Petrochemicals
Daily Earnings of 1 Million Dollars in the VLCC Market
Daily earnings for VLCC tankers have reached a record of 1 million dollars. This situation allows tanker owners to perfo...
Oil and Petrochemicals
Shenghang Shipping Company Uses Ammonia as Bunker Fuel
Chinese company Shenghang Shipping uses ammonia as bunker fuel after receiving certification from the China Classificati...
Oil and Petrochemicals
Iran and Oman Reach Agreement on Transportation Corridor in the Strait of Hormuz
Iran and Oman have come close to an agreement regarding a transportation corridor in the Strait of Hormuz. However, the...
Oil and Petrochemicals
Unprecedented Growth in the VLCC Market with Rising Freight Rates This Week
The VLCC markets witnessed an unprecedented increase this week, reaching new records. Daily freight rates on the TD3C ro...
Oil and Petrochemicals
Significant Increase in Maritime Transport Costs Following Hormuz Disruptions
Disruptions in the Strait of Hormuz have led to increased maritime transport costs and high demand for the Panama and Su...
Oil and Petrochemicals
G20 Energy Ministers Meeting Emphasizes Challenges in Oilfield Services
The G20 Energy Meeting in Houston highlighted the challenges of permitting and infrastructure in the oil and gas industr...
Oil and Petrochemicals
The Increase in LNG Demand Helped Strengthen Natural Gas Prices in the Market
Strong demand for LNG led to a recovery in natural gas futures prices on Friday, offsetting earlier declines. This comes...
Oil and Petrochemicals
Progress of Kino Aski LNG and Kanata LNG Agreements in Canada
New agreements in Canada's LNG projects have led to buyer identification and investment progress. Kino Aski LNG and Kana...