Oil and Petrochemicals
Increase in Attacks on Oil Tankers in the Strait of Hormuz; Total Reaches Six
Following recent attacks on oil tankers in the Strait of Hormuz, the total number of attacks has increased to six in one...
Oil and Petrochemicals
Oil and Petrochemicals
G7 Agrees to Release 100 Million Barrels of Crude Oil and Diesel
The G7 has begun the release of 100 million barrels of crude oil and diesel from emergency reserves to reduce fuel price...
Oil and Petrochemicals
The G7 Will Release 100 Million Barrels of Oil and Diesel
The G7 will release 100 million barrels from emergency oil and diesel reserves to reduce fuel prices. This action is rel...
Oil and Petrochemicals
US Coast Guard Intercepts Oil Tankers Bound for Cuba
The US Coast Guard announced the interception of several oil-laden ships heading to Cuba. This action follows the reinst...
Oil and Petrochemicals
China Halts Refined Fuel Exports in October
China has halted refined fuel exports in October to replenish its domestic reserves. This move could increase pressure o...
Oil and Petrochemicals
Alaska LNG Export Project Faces Costs More Than Twice That of Gulf Competitors
The Alaska LNG project is proposed as an export plan with costs ranging from $44.5 billion to $54.5 billion, which is no...
Oil and Petrochemicals
Transfer of 60% of Eco Atlantic's Oil Share to BP Namibia
Eco Atlantic Oil and Gas will transfer 60% of its share to BP Namibia with final approval from the Ministry of Industrie...
Oil and Petrochemicals
Attack on Kuwaiti Oil Tanker Kazimah III in the Strait of Hormuz and Disruption of Loading Operations in Yanbu
The Kuwaiti oil tanker Kazimah III was attacked in the Strait of Hormuz, while loading operations in Yanbu, Saudi Arabia...
Oil and Petrochemicals
Kuwait and Saudi Arabia Sign $1.65 Billion Contract for the Arash Gas Field
Kuwait and Saudi Arabia have signed a contract worth $1.65 billion for the development of the Arash gas field. This gas...
Oil and Petrochemicals
Attack on Yanbu Oil Port in Saudi Arabia by an Unknown Project
The Yanbu oil port in Saudi Arabia caught fire due to a collision with an unknown project. This incident occurred after...
Oil and Petrochemicals
Deployment of U.S. Patriot Batteries in Saudi Arabia and Qatar for Energy Infrastructure Protection
The U.S. has transferred two additional Patriot missile defense batteries to Saudi Arabia and Qatar. This action is aime...
Oil and Petrochemicals
VLCC Tanker Prices Hit Record in the Second-Hand Market, 49% Higher than New Prices
The prices of second-hand VLCC tankers have significantly surpassed the prices of new tankers, setting a new record. Thi...