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...
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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...
Analysis
Airstrikes on King Khalid Airport and Houthi Response
Recent airstrikes on King Khalid Airport in Saudi Arabia left 12 dead and over 300 injured. The Houthis warned of contin...
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...
Analysis
The Ukrainian government approaches early elections at Trump's request
The Ukrainian government has faced a request from Donald Trump to hold elections. Volodymyr Zelensky is considering the...
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...
Economy
Diesel Prices in America Remain High Despite Increased Supply
The average price of diesel in America has reached $6.28 per gallon. This price has increased by 70% since the beginning...
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...
Analysis
Houthi Attacks on Energy Targets in the Persian Gulf
Iran and its Houthi allies in Yemen attacked energy facilities in the Persian Gulf, causing fluctuations in the global o...