Oil and Petrochemicals
International Energy Agency Reduces Oil Demand Forecast
The International Energy Agency (IEA) has lowered its oil demand forecasts for this year and warned that consumption may...
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Oil and Petrochemicals
Increase in Oil Prices with the Suspension of the Saudi Pipeline
With the increase in attacks on Saudi Arabia's energy infrastructure, oil prices in the global market have risen. This i...
Oil and Petrochemicals
China Plays a Key Role in Determining Oil Prices
U.S. crude oil prices reached $102 per barrel on Thursday, the highest level since May of this year. China can significa...
Oil and Petrochemicals
Possible 4% Decrease in Global Oil Supply Due to Saudi Pipeline Shutdown
Saudi oil buyers and traders have warned that the shutdown of the East-West pipeline could lead to a 4% decrease in glob...
Economy
100 Billion Dollar Decrease in Iran's Oil Revenue Under U.S. Siege
The sharp decline in Iran's oil revenues due to the U.S. maritime blockade has raised concerns about the country's econo...
Oil and Petrochemicals
3.1% Increase in Oil Prices Due to Tensions in the Middle East
Brent crude oil price rose by 3.1% to $107.82. The tensions in the Middle East and attacks on Saudi Arabia's oil infrast...
Oil and Petrochemicals
Brent Oil Price Rises to $108 Amid Saudi Pipeline Shutdown
The price of Brent oil reached $108 per barrel due to the shutdown of Saudi Arabia's East-West pipeline. This shutdown c...
Oil and Petrochemicals
Increase in Oil Prices Due to Saudi Pipeline Shutdown and Insecurity in the Strait of Hormuz
Brent crude oil prices reached $108 and West Texas Intermediate around $103. The shutdown of the East-West pipeline in S...
Oil and Petrochemicals
Rising Trend of Brent and WTI Oil Prices Amid Escalating Tensions
The increase in Brent and WTI oil prices to over $100 amid escalating tensions between Iran and the United States has re...
Oil and Petrochemicals
Major Oil Agreement Between the United States and Venezuela
The United States has signed an agreement with Venezuela that grants it economic and managerial rights over 65 billion b...
Technology
Energy Freedom: U.S. Dams Can Generate 15.2 Terawatt Hours of Electricity
New research shows that existing dams in the United States can produce more clean energy with upgraded equipment. This m...
Oil and Petrochemicals
Chris Wright: A Transformational Outlook in Hormuz is Unlikely
Chris Wright, the U.S. Secretary of Energy, warned against expectations for a transformation in Hormuz and emphasized th...