Oil and Petrochemicals
Hamid Bord Emphasized the Need to Accelerate the Reconstruction of Oil Facilities
Hamid Bord, the head of the Ministry of Oil, called for speeding up the reconstruction process of damaged oil industry f...
Oil and Petrochemicals
Oil and Petrochemicals
Offering 456,000 Tons of Industrial and Mineral Products in the Commodity Exchange
Today, the Commodity Exchange hosts the offering of 456,000 tons of industrial, mineral, and petrochemical products. Thi...
Oil and Petrochemicals
Limited Fire at Aramco Headquarters in Dhahran
A limited fire broke out at the Aramco administrative complex located in Dhahran. Saudi officials reported no human casu...
Oil and Petrochemicals
Fire in a Violating Oil Tanker in the Strait of Hormuz
The Navy of the Islamic Republic of Iran reported a fire in a violating oil tanker in the eastern Strait of Hormuz. This...
Oil and Petrochemicals
Oil Prices Rise After Attacks on Ships in the Strait of Hormuz
Oil prices saw a significant increase in early morning trading on Wednesday. This price rise occurred after Iran attacke...
Oil and Petrochemicals
Aramco Receives First Crude Oil Shipment for New Refinery in China
Aramco and its local partners have received the first crude oil shipment for their new refinery in China. This project a...
Oil and Petrochemicals
Increase in Oil Prices Due to New Global Supply Risks
Oil prices have improved due to supply disruptions and rising transportation costs. These changes are under continuous p...
Oil and Petrochemicals
Brent oil recorded at $106.271 and WTI at $94.797
Brent and West Texas Intermediate oil were recorded at prices of $106.271 and $94.797, respectively. These changes are i...
Oil and Petrochemicals
NABEP Deploys 11 New Drilling Rigs and Workover Rigs in Venezuela
North American Blue Energy Partners (NABEP) has deployed 11 new workover rigs and 2 drilling rigs with a capacity of 150...
Oil and Petrochemicals
The Increase in Tanker Prices Has Led to the Accumulation of Heavy Oil in North and South America
The unprecedented rise in tanker transportation costs has resulted in the accumulation of heavy oil on the American cont...
Oil and Petrochemicals
Reduction of LNG Supply from the Middle East and Its Impact on the Global Gas Market
LNG supply from the Middle East has faced a severe decline due to the war in Iran. This situation has led to rising gas...
Oil and Petrochemicals
OPEC announces oil demand growth forecast of 2.6 million barrels per day by 2027
OPEC announced that global oil demand will increase to 2.6 million barrels per day by 2027. This comes as the demand for...