Oil and Petrochemicals
Saudi Arabia's Oil Production Reaches Over 10 Million Barrels Per Day
Saudi Arabia has recently increased its oil production to over 10 million barrels per day. This production increase has...
Oil and Petrochemicals
Oil and Petrochemicals
Brent Oil Price Rises to $110.38
The price of Brent oil reached $110.38 due to tensions in the Middle East and a decrease in U.S. oil reserves. Increased...
Oil and Petrochemicals
Isfahan Oil Refining Company Records 210 Trillion IRR Gross Profit with 383% Surge
Isfahan Oil Refining Company recorded a net profit of 169 trillion IRR with a 465% increase in the first half of the cur...
Oil and Petrochemicals
Support for VLCC at Historic Highs Despite Exceptional Geopolitical Risks
Very Large Crude Carrier (VLCC) transportation has reached historic highs amidst high geopolitical risks. Frequent attac...
Oil and Petrochemicals
Strengthening Iran and Russia's Cooperation in the Energy Sector
Massoud Pezeshkian and Sergey Lavrov emphasized the necessity of enhancing bilateral cooperation in the energy sector. N...
Oil and Petrochemicals
Brent Oil Price Rises Above $110 Following Attacks on Tankers in the Persian Gulf
The price of Brent oil reached $109.68 per barrel, with reports indicating a sharp decline in oil flow from the Persian...
Oil and Petrochemicals
Increase in VLCC Tanker Purchases Due to the Hormuz Strait Crisis
Purchases of VLCC tankers have increased due to recent tensions in the Hormuz Strait. Purchases reached 19 tankers in th...
Oil and Petrochemicals
Iran Intensifies Attacks in the Strait of Hormuz and Its Impact on the U.S. Elections
Iran is increasing pressure on the U.S. government ahead of the midterm elections by escalating attacks on ships in the...
Oil and Petrochemicals
Rising Tensions in the Middle East and Increasing Global Natural Gas Prices
Rising tensions between the United States and Iran and other parts of the Middle East have pushed global natural gas pri...
Oil and Petrochemicals
Oil Tanker Fire After Mine Collision in the Strait of Hormuz
An oil tanker caught fire in the Strait of Hormuz after colliding with a mine. This incident occurred following increase...
Oil and Petrochemicals
NeuVentus Begins Development of Natural Gas Storage Project in Texas
NeuVentus increased working gas capacity by 40% by adding a new salt cavern to its natural gas storage project in Texas....
Oil and Petrochemicals
Surge in Liquefied Natural Gas Demand Hits Historic High in Global Markets
The demand for liquefied gas reached a new record, positively impacting future natural gas prices. This demand overshado...