Oil and Petrochemicals
Oil Prices Drop After Saudi Arabia's Move to Improve Supply
Oil prices fell on Thursday as Saudi Arabia took steps to ease supply constraints. However, ongoing tensions in the Midd...
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Oil and Petrochemicals
Decrease in U.S. Crude Oil Reserves and Increase in Fuel Inventory
U.S. crude oil reserves decreased to 423.4 million barrels last week, while gasoline inventory increased to 207.7 millio...
Oil and Petrochemicals
Vitesse Completes Acquisition of Stake in Denver-Julesburg Oil Field
Vitesse has completed the acquisition of a stake in Chevron-managed oil and gas assets in the Denver-Julesburg Basin for...
Technology
Mitsui OSK Lines Receives Initial License for Liquid Carbon Dioxide Transportation
Mitsui OSK Lines, along with several other Japanese companies, has successfully received an initial approval from a clas...
Oil and Petrochemicals
U.S. Crude Oil Inventory Decreases to 423.4 Million Barrels
The U.S. crude oil inventory, excluding strategic reserves, has reached 423.4 million barrels as of September 11. This f...
Oil and Petrochemicals
India Responds to U.S. Tariff Threat on Russian Oil
The Ministry of External Affairs of India announced that despite U.S. threats, the country will continue to secure its e...
Oil and Petrochemicals
Decrease in LNG Demand in Asia Due to Rising Prices
LNG demand in Asia is expected to decline by 3 to 10 percent this year. This decrease marks the second annual drop in LN...
Oil and Petrochemicals
SOCAR Enters the Upstream Oil Sector in Africa
Azerbaijan's state oil company (SOCAR) has entered the upstream oil sector of the continent by acquiring an oil field in...
Oil and Petrochemicals
Saudi Arabia Increases Oil Exports Through Oman
Saudi Arabia is increasing its oil exports through Oman to ensure supply security. Crude oil prices have been affected b...
Oil and Petrochemicals
Mohsen Pak Nejad announced an increase in diesel production at refineries
The Minister of Oil announced the halt of diesel imports into the country and the increase in production of this product...
Oil and Petrochemicals
The Oil Minister Increased the Country's Diesel Production Capacity
The Oil Minister announced an increase in diesel production in the country and a change in the production balance of thi...
Oil and Petrochemicals
Brent Crude Oil Price Reaches $104.24
In today's oil trading market, the price of Brent crude oil reached $104.24 per barrel. Additionally, the price of West...