Oil and Petrochemicals
Oil Tanker Rates Reach Highest Level
Oil tanker rates hit a new record on September 12, reaching $451,000 per day. The increase in export volumes and ongoing...
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Oil and Petrochemicals
Continued Instability in the Oil Market with New Threats in Strategic Straits
The unstable situation in the oil market has significantly increased due to new threats from the Houthis and the halt of...
Oil and Petrochemicals
Closure of the East-West Pipeline in Saudi Arabia Due to Multiple Attacks
The East-West pipeline in Saudi Arabia has been shut down due to several attacks. This action will lead to a reduction i...
Oil and Petrochemicals
40% Increase in Diesel Prices in Syria and Widespread Protests
The increase in diesel prices in Syria to 175 Syrian pounds and gasoline prices by 28% has led to widespread protests in...
Economy
Jeff Currie's Prediction of $5 Gasoline Prices in the United States
Jeff Currie, a renowned commodities analyst, announced that the average gasoline price in the United States is likely to...
Oil and Petrochemicals
Saudi Arabia and the UAE Halt Hormuz Negotiations
Negotiations to reopen the Strait of Hormuz were suspended due to Houthi attacks on Saudi airbases. These attacks were i...
Economy
Rising Oil Prices Bring Federal Reserve Closer to Interest Rate Hike in September
The recent increase in crude oil prices is likely to lead to an interest rate hike by the Federal Reserve this week. It...
Technology
The UK's Offshore Wind Sector Seeks Deep Water Classification for AR8
The UK's offshore wind sector is looking to introduce a new deep water classification for the AR8 project. This initiati...
Oil and Petrochemicals
The Responsibility of the North Sea Field Milliband for the Failure of the Defense Fund
The North Sea field, managed by Milliband, has been identified as the main factor in the failure of the Defense Fund. Th...
Technology
Challenges of the Solar Industry in Britain on Sunny Days
The solar industry in Britain faces multiple challenges on sunny days that affect energy production. Weather conditions...
Oil and Petrochemicals
Apache fined £75,000
Apache has been fined £75,000 due to safety deficiencies at the Nevis oil field in the North Sea. This fine was imposed...
Oil and Petrochemicals
Harbour Completes Purchase of Waldorf Field
Harbour has successfully completed the acquisition of the Waldorf oil field. This field, with a daily production capacit...