Oil and Petrochemicals
Changes in VLCC Speeds in the Arabian Gulf and Their Impact on the Market
The speed of VLCCs in the Arabian Gulf has increased to 12.00 knots, while loading speed has decreased by 5.5%.
Oil and Petrochemicals
Oil and Petrochemicals
Japan Provides Insurance Coverage for Crude Oil and LNG Transportation
Japan will provide insurance coverage for the transportation of crude oil, petroleum products, and liquefied natural gas...
Oil and Petrochemicals
Reduction of B30-VLSFO Premium in Rotterdam to $174 per Ton
The price of B30-VLSFO in Rotterdam has increased by $36 per ton over the past week, and its premium compared to traditi...
Oil and Petrochemicals
7% Decrease in Singapore's Fuel Oil Reserves Despite Increase in Net Imports
Singapore's fuel oil reserves decreased by 7% in October compared to September, reaching 18.36 million barrels. This com...
Oil and Petrochemicals
The Hormuz Crisis Has Turned Fuel Transport Costs into a Supply Crisis
The Hormuz crisis has had profound effects on the global fuel and transport market. Estimates suggest that the flow of h...
Oil and Petrochemicals
Reduction of 500 Jobs in Texas Oil and Gas Industry to 196,400 Jobs
The number of oil and gas jobs in Texas decreased by 500 jobs in September, reaching 196,400 jobs. Meanwhile, the state'...
Oil and Petrochemicals
Finder Signs ENEOS Drilling Rig Contract for KTJ Wells in East Timor
Finder has signed a contract for the ENEOS drilling rig for the development of three wells in the KTJ field located in t...
Oil and Petrochemicals
Venezuela Expects $76 Billion Investment in Oil and Gas Industry
Venezuela has projected that it will attract nearly $76 billion in investment in the oil and gas sector over the next fi...
Oil and Petrochemicals
The Empty Status of Iran's Oil Terminals Continues
Iran's main oil loading terminals have been in an empty state for the past few weeks. This situation indicates the poten...
Oil and Petrochemicals
Decrease in the Number of Drilling Rigs in North America to Five Rigs
North America faced a decrease of five drilling rigs last week. This change is based on the latest report of the rotary...
Oil and Petrochemicals
Meeting of the Deputy Council of the Ministry of Oil Focused on the Development of Oil and Gas Fields
The meeting of the Deputy Council of the Ministry of Oil was held today with the presence of Hamid Bord. The main topics...
Oil and Petrochemicals
Review of Hamid Bord's Trip Decisions to the Pars Special Economic Energy Zone
The meeting of the Council of Deputies of the Ministry of Oil focused on reviewing the decisions made during Hamid Bord'...