Oil and Petrochemicals
Structural Transformation of the U.S. Energy Market and Neutralization of Oil Shocks
A new study shows that the United States' shift from being an oil importer to an exporter has neutralized the effects of...
Oil and Petrochemicals
Oil and Petrochemicals
Increase in OPEC's oil basket price to over $110 in September 2026
The average price of OPEC's oil basket in September 2026 reached $110 per barrel, an increase of over $24 compared to Au...
Oil and Petrochemicals
The caretaker of the Ministry of Oil visited the reconstruction process of the damaged facilities in South Pars
Oil industry workers have begun the reconstruction of the damaged facilities in South Pars. Efforts to restore productio...
Oil and Petrochemicals
Dangote Refinery's $4.73 Billion Profit on the Brink of Africa's Largest IPO
Dangote Refinery in Nigeria has turned a loss into a profit of $4.73 billion in less than a year. The refinery is seekin...
Oil and Petrochemicals
Increase in Natural Gas Prices in the United States Amid Rising Demand for LNG
Futures prices for natural gas in the United States have risen due to declining domestic production and strong demand fo...
Oil and Petrochemicals
Godfrey Moagi Becomes New President of the African National Oil Company CEOs Association
Godfrey Moagi, CEO of the South African National Oil Company, has been appointed as the President of the African Nationa...
Oil and Petrochemicals
MMA Announces Planning for Second Oil and Gas Lease Sale in Alaska
MMA stated in a press release that under the 2025 Working Families Tax Cut Act, the agency is required to hold at least...
Oil and Petrochemicals
Increase in Diesel Prices Compared to Gasoline in the United States
The price of diesel in the United States has significantly surpassed that of gasoline. This change is due to structural...
Oil and Petrochemicals
Visit of the Acting Minister of Oil to the South Pars Refineries
Hamid Bord, the Acting Minister of Oil, visited the damaged refineries of South Pars. This visit took place with the pre...
Oil and Petrochemicals
37% Increase in the Drilling List in the Anadarko Field to 8055 Locations
The drilling list in the Anadarko Field has reached 8055 operational locations, marking a 37% growth. This field is econ...
Oil and Petrochemicals
Iran's Crude Oil Exports Have Reached Zero
Iran's marine crude oil exports reached zero in the second week of September. Currently, 83 million barrels of oil are o...
Oil and Petrochemicals
OPEC Raises Average Oil Basket Price to $110.59
OPEC's report shows that the average price of its oil basket reached $110.59 per barrel in September 2026. The productio...