Oil and Petrochemicals
Reopening of Venezuela's Oil Trade and Risk Transfer to Ships
Venezuela's oil trade has faced significant changes in 2026. The country's crude oil exports averaged 870,000 barrels pe...
Oil and Petrochemicals
Oil and Petrochemicals
6.2% Increase in Oil Product Stocks in the Fujairah Oil Zone of the UAE
Oil product stocks in the Fujairah oil zone of the UAE increased by 6.2% to 7.247 million barrels. This increase was pri...
Oil and Petrochemicals
Decrease in VLCC Rates Last Week Under Market Pressure
VLCC tanker rates faced a decrease of 100 to 150 points last week. These changes varied depending on the type of voyages...
Oil and Petrochemicals
The Marine Fuel Supply Situation in Europe and Africa is Limited Due to High Demand
Fuel supply in European and African ports is facing restrictions due to high demand. Pre-payment times for suppliers in...
Oil and Petrochemicals
BGN Orders Four New LPG Gas Carriers from HD Hyundai Heavy Industries
BGN has ordered four LPG gas carriers with a capacity of 93,000 cubic meters from HD Hyundai Heavy Industries. These ves...
Oil and Petrochemicals
Independent Companies are Buying BP's Assets in the North Sea
With BP's exit from the North Sea, independent companies have begun purchasing the assets of this entity. These developm...
Oil and Petrochemicals
41% Progress of Woodside LNG Project's First Liquefaction Unit in Louisiana
The first liquefaction unit of the Woodside Energy LNG project in Louisiana is under construction with 41% progress. Thi...
Oil and Petrochemicals
Drop in Natural Gas Prices Ahead of Storage Report
Natural gas futures fell below $2.800 per million BTU in November. The sharp decline in salt dome inventories in the sou...
Oil and Petrochemicals
50% Increase in Russian Oil Exports via the Northern Sea Route to Asia
Russian oil and liquefied natural gas exports via the Northern Sea Route to Asia are expected to increase by more than 5...
Oil and Petrochemicals
Iran's Floating Crude Oil Reserves Depleted by Mid-October
Iran's crude oil reserves in tankers stationed in Asian waters have been completely depleted. This will impact the Islam...
Oil and Petrochemicals
Increase in LNG Feed Gas Demand in the United States as Europe Focuses on Shipments
LNG feed gas demand in the United States rose to 1.3 billion cubic feet per day on Wednesday. This trend reflects Europe...
Oil and Petrochemicals
3 Million Barrel Decrease in U.S. Crude Oil Reserves Last Week
U.S. commercial crude oil reserves reached 412.517 million barrels on October 16. This represents a decrease of 3 millio...