Oil and Petrochemicals
Estimation of Oil Tanker Freight Rates in the Second Week of September 2026
Estimates indicate that the cost of oil tanker freight rates in the second week of September 2026 has experienced fluctu...
Latest News in English
Economy
EU Draft for Hydrogen Requirement Removal
A new draft from the European Union for the Renewable Energy Directive replaces national hydrogen requirements with a go...
Oil and Petrochemicals
Equinor Aims for 15 Million Tons of LNG in Coming Years
Equinor plans to increase its LNG capacity to 15 million tons per year by the early 2030s. The company is looking to mee...
Technology
Square Robot Wins NIOSH Safety Award for Tank Inspection Technology
Square Robot won the NIOSH award for its underwater inspection robot technology SR-3 and Side Launcher system. This tech...
Oil and Petrochemicals
Damage to Saudi Arabia's East-West Pipeline Highlights Limitations of Energy Supply Options
Damage to Saudi Arabia's East-West pipeline reveals the limitations of energy supply options. This pipeline, with a capa...
Oil and Petrochemicals
Natural gas futures reach $3/MMBtu on the New York Stock Exchange
Natural gas futures on the New York Stock Exchange faced a price increase early Wednesday, but encountered technical res...
Economy
Pressure on the Bank of England to Raise Interest Rates Following Energy Price Increases
The Bank of England is facing increasing pressure to raise interest rates. This pressure is due to rising energy prices...
Oil and Petrochemicals
Russia Extends Diesel Export Ban Until October 31
Russia, by extending the diesel export ban until October 31, has pointed to the need to rebuild fuel reserves before win...
Analysis
Diesel Market Analysis as Harvest Season and Winter Heating Approaches
Recent analyses indicate that as the harvest season approaches in the Northern Hemisphere and the heating season begins...
Oil and Petrochemicals
Decrease of 600,000 Barrels in Crude Oil Reserves in the United States
Crude oil reserves in the United States reached 423.4 million barrels in the week ending September 11. Fuel demand has a...
Oil and Petrochemicals
OMV announces the commercial discovery of oil 'Essar' in the Sirte Basin of Libya
OMV has confirmed its oil discovery in the Sirte Basin of Libya as commercially viable. The recoverable oil volume of th...
Analysis
Natural Gas Prices in Europe Rise to $92.95 at TTF
Natural gas prices in Europe reached $92.95 (€80.545) per megawatt hour. Ongoing tensions in the Middle East have impact...