Oil and Petrochemicals
Brent oil reached $108.49 per barrel
Brent crude oil reached $108.49 per barrel at the start of the Asian market. Meanwhile, WTI crude oil also reached $106....
Latest News in English
Oil and Petrochemicals
Increase in Oil Prices Due to Middle East Attacks and Diplomatic Failures
Oil prices in the global market have surged significantly due to ongoing attacks in the Middle East and the failure of d...
Oil and Petrochemicals
Trump Administration Seeks Exemption for Russian Refineries Amid Rising Diesel Prices
The Trump administration is seeking an exemption for Russian refineries from diesel export restrictions. This decision c...
Oil and Petrochemicals
Donald Trump and the Effort to Revive America's Refineries
Donald Trump, the President of the United States, is seeking to reduce fuel prices by reviving closed refineries and bui...
Oil and Petrochemicals
Damage from Ukraine's Attacks on Russia's Oil Refining Industry
Recent Ukrainian attacks on secondary processing units at Russian oil refineries have resulted in these units needing 6...
Oil and Petrochemicals
Weekly Market Report of Star Asia Shipbroking in Week 37
The new report from Star Asia Shipbroking reflects regional diplomatic efforts in the Middle East for coordinated dialog...
Oil and Petrochemicals
OPEC's Power Declines with Threat of Exit from Iraq and the United Arab Emirates
OPEC faces the threat of exit from Iraq and the United Arab Emirates and a production cut of 640,000 barrels in August....
Oil and Petrochemicals
IRGC Announces Attack on Eight Oil Tankers and Two American Warships in the Strait of Hormuz
The recent attacks by the Islamic Revolutionary Guard Corps on oil tankers and American warships in the Strait of Hormuz...
Oil and Petrochemicals
17% Increase in Fuel Oil Reserves in the ARA Region
Fuel oil reserves in the ARA region increased by an average of 17% in September compared to August. This increase amount...
Environment
Convergence of Cyprus, Greece, Malta, and Italy on Maritime Carbon Regulations
Cyprus, Greece, Malta, and Italy agreed to coordinate their positions regarding maritime carbon regulations. These count...
Oil and Petrochemicals
Brent Oil Price Rises to $107.51 on September 13, 2026
The price of Brent oil reached $107.51 in today's trading, showing a significant increase compared to last week. West Te...
Oil and Petrochemicals
Janggeum Maritime's Investments in Pre-War VLCCs Yield Profits
Two tankers belonging to Janggeum Maritime were attacked in the Strait of Hormuz. This incident will have significant re...