Oil and Petrochemicals
Building Permanent Infrastructure in the Persian Gulf Centered on the Strait of Hormuz
The Strait of Hormuz, as a key point in global oil trade, will be in the spotlight over the next two years. New infrastr...
Oil and Petrochemicals
Oil and Petrochemicals
Decline in WTI Oil Prices Due to Saudi Export Issues
The price of WTI crude oil reached $96.35 this week, indicating a 0.51% increase. These changes are due to Saudi infrast...
Oil and Petrochemicals
Saudi Arabia's Oil Exports from Ras Tanura Reach 60 Million Barrels
Saudi Arabia is offering 60 million barrels of crude oil for loading in September and October from the port of Ras Tanur...
Oil and Petrochemicals
Pankaj Khanna presented his analysis of the product tanker market
Pankaj Khanna, CEO of Hidemar, reported a sharp decline in the export flow of refined products from the Persian Gulf and...
Oil and Petrochemicals
Decrease in Ship Traffic in the Strait of Hormuz Due to Intensified Conflicts
Ship traffic in the Strait of Hormuz has decreased to 13 vessels due to rising tensions. Regional tensions and attacks o...
Oil and Petrochemicals
3% Decrease in Bunker Fuel Sales in Fujairah Market in August
Bunker fuel sales in Fujairah in August 2023 reached 7,100 tons per day due to a decrease in HSFO demand. Meanwhile, VLS...
Oil and Petrochemicals
China prioritizes crude oil purchases in a high transportation cost environment
China has focused on controlling crude oil costs due to a shift in refinery strategies. The country has leaned towards s...
Oil and Petrochemicals
Saudi Arabia Guarantees Uninterrupted Oil Supply to Asia
Ali Al-Naimi, the Minister of Oil and Mineral Resources of Saudi Arabia, announced the country's readiness to meet the o...
Oil and Petrochemicals
Oil Prices Drop Due to Improved Supply Situation and Diplomatic Efforts
Oil prices fell for the third consecutive day on Friday, reaching $102.20 per barrel. This decline was due to hopes for...
Oil and Petrochemicals
Equinor Seeks to Supply 10 to 15 Million Tons of LNG by Early 2030
Equinor plans to increase its LNG supply capacity to 10 to 15 million tons per year by the early 2030s. This move is aim...
Oil and Petrochemicals
Decrease in Tanker Traffic in the Strait of Hormuz Due to Saudi Pipeline Shutdown
Tanker traffic in the Strait of Hormuz has decreased to four vessels per day. This reduction is due to the shutdown of t...
Oil and Petrochemicals
China's Fuel Exports Reached 6.01 Million Tons in August 2023
China's fuel exports in August 2023 reached 6.01 million tons, indicating a 12.7 percent increase compared to last year....