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Changing Natural Gas Purchase Strategy in Light of the Energy Crisis in the Middle East
Natural gas buyers are revising their supply strategies due to the recent energy crisis in the Middle East. These change...
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Analysis
Natural Gas Market Struggles to Maintain Balance in Mid-September
The natural gas market is competing under the influence of extreme heat and pressure on reserves in mid-September 2023....
Oil and Petrochemicals
Ukrainian Drone Strikes Halt Half of Russia's Largest Diesel Refineries
Ukrainian drone strikes on three of Russia's six major diesel refineries have reduced the production capacity of these f...
Economy
Baltic Dry Index Drops by 85 Points to 3360
The Baltic Dry Index today fell by 85 points to reach 3360. This index refers to freight rates for goods such as coal an...
Oil and Petrochemicals
U.S. Strategic Oil Reserves Decrease to 285 Million Barrels
U.S. strategic oil reserves have reached their lowest level since November 1982. This decrease is due to an agreement wi...
Oil and Petrochemicals
Use of Iranian Equipment in Major Repairs of South Pars Refineries
The CEO of South Pars Gas Complex announced that 100 percent of the equipment needed for the major repairs of these refi...
Analysis
Potential Increase in LNG Demand in China and India
Industry managers predict that with the reduction of tensions in the Middle East, LNG imports in China and India will ri...
Oil and Petrochemicals
Pertamina Seeks Investment in Guyana and Suriname Oil for Energy Security
Indonesia's national energy company, Pertamina, is looking to invest in the upstream oil sector in Guyana and Suriname....
Analysis
The Use of Marine Biofuels in Shipping Faces Raw Material Supply Constraints
Marine biofuels are emerging as a viable option for carbon reduction in the shipping industry, but raw material supply c...
Environment
Clean Arctic Alliance Expresses Concern Over Ship Traffic in the Northern Sea Route
Clean Arctic Alliance warned about the negative impacts of ship traffic in the Northern Sea Route between Asia and Europ...
Oil and Petrochemicals
Significant Increase in LNG Shipping Index with 20.44% Growth of New Fortress Energy
The global LNG shipping index reached its highest historical level with an increase of 3.75 points. New Fortress Energy...
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The International ShipCon Conference in Copenhagen Focuses on Attracting the New Generation in the Shipping Industry
The ShipCon conference in Copenhagen emphasizes the need to attract young talents and professional development in the sh...