Oil and Petrochemicals
Significant Decrease in Crude Oil Reserves in the United States
Crude oil reserves in the United States decreased by 11.12 million barrels in the week ending October 9. This reduction...
Oil and Petrochemicals
Oil and Petrochemicals
UAE Oil Production Reaches 5.3 Million Barrels Per Day
UAE oil production reached a record 5.3 million barrels per day in September, demonstrating the country's ability to inc...
Oil and Petrochemicals
Strengthening Natural Gas Prices Following Strong LNG Exports
Natural gas prices strengthened in most regions on Wednesday, driven by strong LNG exports and forecasts of cooling in t...
Oil and Petrochemicals
The VLCC Market Faces Challenges in Week 42 of 2026
The Very Large Crude Carrier (VLCC) market is experiencing a relative silence in week 42 of 2026. However, there are dev...
Oil and Petrochemicals
Russia's Oil Exports Reached 142.7 Million Barrels in September
In September, Russia exported 142.7 million barrels of crude oil and clean petroleum products, of which 110.4 million ba...
Oil and Petrochemicals
Fuel Supply Situation in European and African Ports
Fuel supply in European and African ports is facing challenges, and the lead times for fuel supply in these regions have...
Oil and Petrochemicals
Port and Marine Authority of Singapore Enhances Multifuels and Digitalization at SIBCON 2026
The twelfth International Singapore Ports Conference has commenced with over 2000 maritime professionals in attendance....
Oil and Petrochemicals
Increase in Iron Ore Exports from Port Hedland in September 2026
Port Hedland experienced a 1% increase in September 2026 with iron ore exports of 48.9 million tons compared to the prev...
Oil and Petrochemicals
BGN Adds Four New Dual-Fuel VLGCs to Its Fleet
BGN has signed a contract with HD Hyundai Heavy Industries for the construction of four dual-fuel VLGCs with a capacity...
Oil and Petrochemicals
Trump Administration Announces $80 Billion LNG Purchase Agreement with Taiwan
The Donald Trump administration announced a major agreement for the sale of liquefied natural gas to Taiwan worth $80 bi...
Oil and Petrochemicals
Britain's $47 Billion Decision on North Sea Oil
Britain is considering a $47 billion plan to develop North Sea oil fields. This plan could have a significant impact on...
Oil and Petrochemicals
Sharp Decline in Natural Gas Prices Amid Increased Production and Low Demand Forecasts
Natural gas prices have sharply decreased in a volatile week. This change is due to signs of improved supply and weak de...