Oil and Petrochemicals
Super tanker rates reached $800,000 per day; tensions in the Persian Gulf escalate
Shipping rates for super tankers on the route from the Middle East to China have reached a record $800,000 per day. This...
Oil and Petrochemicals
Oil and Petrochemicals
Increase in the Number of Oil Drilling Rigs in America; Oil Prices Surpass $100
The number of oil and gas drilling rigs in the United States has increased this week, while oil prices have reached the...
Oil and Petrochemicals
Increased Pressure on the Oil Market: Brent on the Brink of Crisis
The price of Brent oil has risen above $104 as the crisis in the Strait of Hormuz and Saudi production cuts have severel...
Oil and Petrochemicals
Saudi Arabia: Closure of Key Oil Lines After Multiple Attacks
Saudi Arabia has shut down a key pipeline due to increased attacks. This action could have serious repercussions for the...
Oil and Petrochemicals
Oil on the Brink of Collapse: Price Drop Following Recent Peaks
Oil prices fell in early U.S. trading, distancing themselves from their highest level in four months. These changes are...
Oil and Petrochemicals
Oil Demand Forecast Downgrade: Is the Market Facing a Crisis?
Following recent increases, oil futures have faced a price decline. The new IEA forecast of a 2.5 million barrel drop in...
Oil and Petrochemicals
Attacks on Saudi Oil Lines and Houthi Threats to Key Waterways
Recent attacks on Saudi oil lines and Houthi advances in Yemen have seriously endangered oil routes. These developments...
Oil and Petrochemicals
Shell's Major Setback: Sale of Gas Plant in the U.S. for $715 Million
Shell has addressed fundamental changes in its energy portfolio by selling one of its gas plants in the United States fo...
Oil and Petrochemicals
Major Victory for Standard Lithium on the Path to Final Decision
Standard Lithium has overcome two major hurdles, bringing it closer to the final decision-making stages. This progress c...
Oil and Petrochemicals
Saudi Arabia Temporarily Shuts Down Oil Pipeline Due to Drone Attacks from Iraq
Saudi Arabia has temporarily shut down one of its vital oil export pipelines due to drone attacks from Iraq. This action...
Oil and Petrochemicals
The Grand Numaligarh Project: Launch of the 1635 Kilometer Oil Pipeline by 2027
Numaligarh Refinery Limited has come forward with the aim of launching the development project and the 1635 kilometer Pa...
Oil and Petrochemicals
Rising Oil Prices Make Billion-Dollar Support for Pemex Possible
With the increase in global oil prices, Mexico has been able to reduce billions of dollars in financial support to the p...