Oil and Petrochemicals
IEA: Sharp Decline in Oil Demand Following US-Iran Stalemate
The International Energy Agency has predicted a sharp decline in oil demand this year. This situation is due to Middle E...
Oil and Petrochemicals
Oil and Petrochemicals
HSBC Raises Brent Oil Price Forecast for 2026 to $90
The ongoing Hormuz crisis has led HSBC to raise its Brent oil price forecast to $90 in 2026. This change in predictions...
Oil and Petrochemicals
Saudi Arabia Shuts Down Key Oil Pipeline
Saudi Arabia has shut down this vital pipeline due to injuries sustained after repeated attacks on the East-West pipelin...
Oil and Petrochemicals
Saudi Arabia's Oil Production Falls to Lowest Level in 30 Years
Saudi Arabia's oil production has reached its lowest level in over three decades. This unprecedented decline follows att...
Oil and Petrochemicals
Drop in Oil Prices Amid Middle East Tensions
Oil prices faced a decline on Friday, yet still witnessed significant increases this week. These fluctuations are due to...
Oil and Petrochemicals
Attacks on Saudi Pipelines; A New Crisis in the Oil Market
Fears of escalating conflicts in the Middle East have driven diesel fuel prices in the United States to their highest le...
Oil and Petrochemicals
S&P Global: Middle East Crude Oil Flow Will Remain Below Pre-War Levels Until 2027
A new analysis by S&P Global indicates that crude oil markets are entering a prolonged period of ongoing disruptions. Th...
Oil and Petrochemicals
Saudi Arabia Shuts Down East-West Oil Pipeline After Multiple Attacks
Saudi Arabia has shut down its East-West oil pipeline as a precautionary measure due to several attacks. This move raise...
Oil and Petrochemicals
Mike Wirth's Warning: Oil Price Reserves Are Decreasing
With diesel prices reaching a record $6 per gallon, Mike Wirth, CEO of Chevron, warns about the decreasing oil price res...
Oil and Petrochemicals
New Fortress Energy: Debt Reduction from $5.7 Billion to $700 Million!
New Fortress Energy has significantly reduced its debts by implementing a restructuring plan. These developments have le...
Oil and Petrochemicals
China Influences Global Market with 7.2 Million Barrels of Oil Imports per Day
China's crude oil imports in September reach 7.2 million barrels per day, indicating the country's growing trend in the...
Oil and Petrochemicals
Oil is Falling, but Still on Track for Weekly Increase; U.S. Diesel Hits Record
Oil prices continued to decline on the last trading day, but marked a prosperous week for themselves. Alongside this, di...