Oil and Petrochemicals
Increase in Attacks on Tankers in the Persian Gulf and Rising Transportation Costs
Attacks on tankers in the Persian Gulf have reached 16 cases in the last 10 days, and transportation costs have surged t...
Oil and Petrochemicals
Oil and Petrochemicals
Brent Oil Price Rises Above $106 Amid Middle East Tensions
The price of Brent oil reached $106.25, signaling an increase in tensions in the Middle East and uncertainty in the ener...
Oil and Petrochemicals
IRGC Destroys Third Violating Super Tanker in the Strait of Hormuz
A super tanker exploded and caught fire after hitting a sea mine in the Strait of Hormuz. This is the third incident of...
Oil and Petrochemicals
The largest petrochemical reactor in Iran has been commissioned in Shiraz
The largest petrochemical reactor in Iran, weighing 500 tons and measuring 40 meters in length, has been built in Shiraz...
Oil and Petrochemicals
Emergency Incident Management at Assaluyeh Petrochemicals
The firefighting forces of Assaluyeh petrochemicals managed to extinguish the fire caused by the attack on the Jam, Mobi...
Oil and Petrochemicals
International Energy Agency Begins Release of Another 100 Million Barrels from Oil Reserves
The International Energy Agency is releasing 100 million barrels from its emergency oil reserves. This action comes in r...
Oil and Petrochemicals
Unprecedented Increase in Crude Oil Freight Rates to a Record $1.4 Million Per Day
Crude oil freight rates from the Persian Gulf to East Asia reached a record $1.4 million per day. This increase is due t...
Oil and Petrochemicals
Oil and Gas Production Halted in the Gulf of Mexico Due to Hurricane Isaias
Daily production of about 1.5 million barrels of oil and 1.3 billion cubic feet of natural gas in the Gulf of Mexico has...
Oil and Petrochemicals
Germany to Withdraw 15 Million Barrels of Oil from Strategic Reserves
Germany is set to withdraw 15 million barrels of oil and diesel from its reserves to address fuel shortages and control...
Oil and Petrochemicals
Hurricane Isaias Halts 71 Percent of Gulf of Mexico Oil Production
Hurricane Isaias has caused the shutdown of 1.46 million barrels per day of oil production in the Gulf of Mexico. This s...
Oil and Petrochemicals
Amritasan announced that crude oil prices are below their true value
Amritasan, founder and market information director at Energy Aspects, stated that crude oil prices should be closer to $...
Oil and Petrochemicals
Damage to Fuel Tanks at Rabigh Oil and Petrochemical Refinery in Saudi Arabia
Satellite images show that the fuel tanks at the Rabigh oil and petrochemical refinery in Saudi Arabia have been signifi...