Oil and Petrochemicals
Increase in Oil Prices Following Production Disruptions in Saudi Arabia and Libya
West Texas Intermediate crude oil prices for October delivery rose by 4.4% to reach $105.83 per barrel. Production disru...
Oil and Petrochemicals
Oil and Petrochemicals
Ukraine Attacks the Tatarstan Refinery in the Volga Region
Ukraine announced that it has targeted the Tatarstan refinery in the Volga region of Russia. This attack reflects the la...
Oil and Petrochemicals
The price of crude oil contracts in China has reached an all-time high
The price of crude oil contracts based on yuan in China has reached a new record. This increase is due to the shutdown o...
Oil and Petrochemicals
Oil Tanker Rates Reach Highest Level
Oil tanker rates hit a new record on September 12, reaching $451,000 per day. The increase in export volumes and ongoing...
Oil and Petrochemicals
Continued Instability in the Oil Market with New Threats in Strategic Straits
The unstable situation in the oil market has significantly increased due to new threats from the Houthis and the halt of...
Oil and Petrochemicals
Closure of the East-West Pipeline in Saudi Arabia Due to Multiple Attacks
The East-West pipeline in Saudi Arabia has been shut down due to several attacks. This action will lead to a reduction i...
Oil and Petrochemicals
40% Increase in Diesel Prices in Syria and Widespread Protests
The increase in diesel prices in Syria to 175 Syrian pounds and gasoline prices by 28% has led to widespread protests in...
Oil and Petrochemicals
Saudi Arabia and the UAE Halt Hormuz Negotiations
Negotiations to reopen the Strait of Hormuz were suspended due to Houthi attacks on Saudi airbases. These attacks were i...
Oil and Petrochemicals
The Responsibility of the North Sea Field Milliband for the Failure of the Defense Fund
The North Sea field, managed by Milliband, has been identified as the main factor in the failure of the Defense Fund. Th...
Oil and Petrochemicals
Apache fined £75,000
Apache has been fined £75,000 due to safety deficiencies at the Nevis oil field in the North Sea. This fine was imposed...
Oil and Petrochemicals
Harbour Completes Purchase of Waldorf Field
Harbour has successfully completed the acquisition of the Waldorf oil field. This field, with a daily production capacit...
Oil and Petrochemicals
International Energy Agency Reduces Oil Demand Forecast
The International Energy Agency (IEA) has lowered its oil demand forecasts for this year and warned that consumption may...