Oil and Petrochemicals
South Korean Tankers Turn to Route Away from the Strait of Hormuz in the Red Sea
South Korean tankers have started transporting crude oil from the port of Yanbu, Saudi Arabia, through the Red Sea due t...
Oil and Petrochemicals
Oil and Petrochemicals
Fuel Supply Operations Halted at Zhoushan Ports Due to Typhoon Champi
Fuel supply operations at the ports of Tiaozoumen and Xiazimen in Zhoushan have been halted due to Typhoon Champi. This...
Oil and Petrochemicals
Chevron is Seeking to Acquire the Iraqi Oil Field
Chevron intends to acquire the Al-Buzurg oil field in Iraq, which is one of the most valuable oil fields in Russia. This...
Oil and Petrochemicals
Decline in Russian Oil Export Revenue Due to Production Drop
Russian crude oil exports have reached their lowest four-week level in the past month due to a loading halt at the Balti...
Oil and Petrochemicals
Saudi Arabia Faces New Oil Supply Risks
Houthi attacks on Saudi Arabia's oil infrastructure have raised concerns about a decline in the country's oil production...
Oil and Petrochemicals
Saudi Arabia and Asian Refiners Dispute Over Oil Contracts 2027
Asian refiners and Middle Eastern producers are negotiating crude oil supply for 2027, while disputes over spot sales co...
Oil and Petrochemicals
1.8% Decrease in Oil Prices Following Iran Negotiations
The price of crude oil in the November contract reached $101.79 per barrel. This decrease occurred due to fluctuations r...
Oil and Petrochemicals
Egypt announces the start of the first phase of marine geophysical operations in the Eastern Mediterranean
Egypt intends to begin the first phase of marine geophysical operations covering 18,000 square kilometers in the Eastern...
Oil and Petrochemicals
Halliburton Announces 2027 Growth Forecast Without Fracking Recovery in the U.S.
Halliburton expects to experience mid-single-digit revenue growth and an operating margin of about 15 percent in 2027. T...
Oil and Petrochemicals
Natural Gas Price Drop in the Permian Basin with Production Records
Natural gas spot prices in the Permian Basin have fluctuated in recent weeks and are trading below the peaks of 2026. Ho...
Oil and Petrochemicals
Forecast of a Sharp Drop in Natural Gas Prices Below $3
Natural gas futures are experiencing fluctuations below $3 per million BTU. This situation has persisted for several day...
Oil and Petrochemicals
Rising Transportation Costs Change Behavior of Asian Crude Oil Buyers
The increase in crude oil transportation costs to their highest level has forced Asian buyers to use smaller tankers. Th...