Oil and Petrochemicals
Increase in Fuel Oil Reserves in Singapore in September
Fuel oil reserves in Singapore increased by an average of 7 percent in September compared to August. This increase has r...
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Environment
Qatar Joins the MARPOL Convention
By joining the MARPOL Annex VI Convention, Qatar is committed to adhering to global greenhouse gas emission regulations...
Economy
CMA CGM Implements Major Rate Increase to the United States from East Asia
CMA CGM will implement a rate increase of $4000 per 40-foot container on all maritime cargo from Asia and India to the s...
Economy
1% Increase in the Interasia Container Index to $1323
The Interasia Container Index reached $1323 for each 40-foot container this week. This index has set a new record for th...
Oil and Petrochemicals
Increase in Biodiesel Price in Rotterdam to $1327 per Ton
The price of pure biodiesel B100 in Rotterdam has increased to $1327 per ton over the past week. Severe price fluctuatio...
Oil and Petrochemicals
LNG Market Shows Signs of Recovery
The LNG market has shown signs of recovery this week with increased chartering activities and strengthened positive sent...
Economy
Copper price drops to $6.4 following Federal Reserve interest rate hike
Copper prices reached around $6.4 per pound on Monday, indicating a continued decline from last week. This drop is due t...
Environment
Collection of 11.5 Million Cubic Meters of Flare Gas by the Ministry of Oil
The Ministry of Oil of Iran has successfully collected 11.5 million cubic meters of flare gas in recent years. This acti...
Oil and Petrochemicals
Surge in Brent Oil Prices Due to Escalation of Conflicts and Decline in Oil Flow from the Strait of Hormuz
In the past 24 hours, the price of Brent oil increased by more than 2% to around $92 per barrel. The escalation of confl...
Oil and Petrochemicals
Petronas Begins LNG Supply to Europe Under Methan Contract
Malaysia's national oil company (Petronas) has reached an agreement to supply liquefied natural gas (LNG) to Methan. Thi...
Oil and Petrochemicals
The Deputy Minister of Oil Approved the 10,000 Toman Gasoline Rate for Government Vehicles
The Deputy Minister of Oil announced the approval of the 10,000 Toman gasoline rate for government vehicles. From now on...
Oil and Petrochemicals
OPEC at 66 and the Challenges of Oil Market Management
OPEC was established in 1960 with 13 members and is currently facing new challenges in the global oil market. OPEC's sha...