World
Development of a Regional Maritime Strategy by Central American Countries
Central American countries have begun working on a regional strategy to strengthen maritime cooperation. This plan invol...
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Oil and Petrochemicals
Precious Shipping Announces Contract for Construction of 4 New Ultramax Vessels
Precious Shipping has signed contracts for the construction of four Ultramax cargo vessels with a capacity of 64,500 DWT...
Oil and Petrochemicals
14% Increase in Fuel Oil Stocks in Fujairah Industrial Area
Fuel oil stocks at Fujairah port rose by 14% to 5.54 million barrels in September. Imports and exports of fuel oil also...
Oil and Petrochemicals
Venezuela's Oil Exports Decreased by 9% in September
Venezuela's oil exports fell to 1.08 million barrels per day. Rising transportation costs and demands for greater discou...
Oil and Petrochemicals
The U.S. House of Representatives Approves Oil and Gas Licensing Bill
The U.S. House of Representatives has passed a bill that extends the federal oil and gas licensing program for another d...
Oil and Petrochemicals
China Halts Fuel Exports in October Due to Global Diesel Shortage
China has prioritized its domestic security by halting most refined fuel exports in October, exacerbating the global die...
Oil and Petrochemicals
Abbas Basafa Makes Emergency Fuel Cards Identifiable
Abbas Basafa announced the plan to identify emergency fuel cards at gas stations. This plan aims to reduce oversight and...
Oil and Petrochemicals
The United States' $50 Billion Plan for the Alaska LNG Project
The United States government has announced plans to attract over $50 billion in investments from South Korea for the Ala...
Oil and Petrochemicals
Increase in U.S. Crude Oil Reserves to 427.320 Million Barrels
U.S. commercial crude oil reserves reached 427.320 million barrels on September 25. This figure represents an increase o...
Economy
Three Dollar Drop in Natural Gas Futures Price Due to Low Demand
The futures price of natural gas fell on Thursday due to mild autumn weather and low seasonal demand. This decline broug...
Oil and Petrochemicals
Crude Oil Exports from the Middle East Reach Highest Level Since the Start of the War with Iran
Crude oil exports from the Middle East reached 98% of pre-war levels in September, and the trend of increasing supply co...
Exclusive Report
Reduction of 250 Million Cubic Meters of Gas in Iran and the Challenges of Winter 1403
Mohammad Reza Aref, the First Vice President, announced a reduction of 250 million cubic meters of gas in Iran's network...