Oil and Petrochemicals
Increase in Oil Transportation Costs to $40 per Barrel
The cost of transporting oil has reached $40.50 per barrel due to geopolitical tensions and fleet shortages. This situat...
Oil and Petrochemicals
Oil and Petrochemicals
The Hormuz Crisis Places the Concept of Energy Realism at the Center of Transition Discussions
Oil and gas industry leaders discussed the Hormuz crisis and its impact on energy security at the annual SPE conference...
Oil and Petrochemicals
Hamid Bord Increased Iran's Oil Production Capacity to 3.7 Million Barrels
Iran's daily crude oil production capacity reached 3.7 million barrels in October 2026, indicating an increase of 285,00...
Oil and Petrochemicals
The Start of Russian Diesel Exports to the United States Following the Trump-Putin Agreement
The first shipment of Russian diesel has been sent from the port of Primorsk to the United States. This shipment include...
Oil and Petrochemicals
Further Decline in Natural Gas Futures Prices Due to Decreased Demand and Increased Supply
Natural gas futures prices fell on Friday, influenced by reduced weather demand alongside high volumes of liquefied natu...
Oil and Petrochemicals
North American Blue Energy Partners Increases Oil Production in Venezuela
North American Blue Energy Partners is planning to double its number of drilling rigs in Venezuela, increasing oil produ...
Oil and Petrochemicals
December crude oil price reached $99.29
The December crude oil price reached $99.29 with fluctuations. Attacks on Middle Eastern oil facilities continue to impa...
Oil and Petrochemicals
Russia Sends First Diesel Shipment to the United States
On October 22, 2023, Russia will send its first diesel tanker to the United States. This shipment has a capacity of 40,0...
Oil and Petrochemicals
Saudi Arabia's crude oil exports increased by 7.9% in August
In August 2023, Saudi Arabia's crude oil exports reached 4.45 million barrels per day, the highest level since March. Th...
Oil and Petrochemicals
Brent Oil Price Rises Above $113 Due to Geopolitical Tensions in the Persian Gulf
The price of Brent oil has risen by 4% to over $113 per barrel, driven by concerns over new tensions in the Persian Gulf...
Oil and Petrochemicals
Increase in Iran's Crude Oil Production Capacity to 3.7 Million Barrels
Iran's daily crude oil production capacity has reached 3.7 million barrels. This increase has been achieved despite sanc...
Oil and Petrochemicals
125% Increase in Eni's Profit with Significant Refining Margins Growth
The Italian energy group Eni will pay a substantial amount to investors with a 125% increase in its net profit in the th...