Oil and Petrochemicals
Tenfold Increase in Tanker Insurance Due to Insecurity in the Strait of Hormuz
Tanker insurance has increased dozens of times due to geopolitical tensions and insecurity in the waters of the Persian...
Oil and Petrochemicals
Oil and Petrochemicals
Trump Signs New Sanctions Law Against Russian Oil Trade
The Trump administration, by signing a new sanctions law, aims to target Russian oil trade and its fleet of oil tankers....
Oil and Petrochemicals
Record High Diesel Prices in Europe and America Intensify Energy Crisis
The increase in diesel prices in Europe and America indicates a worsening energy crisis. This situation exacerbates the...
Oil and Petrochemicals
Super Tanker Shortage Affects Long-Distance Oil Trade
The increase in oil transportation costs due to the shortage of super tankers has made long-distance oil trades undesira...
Oil and Petrochemicals
New Sanctions on Iranian Oil Tankers in the Strait of Hormuz and the Red Sea
Iranian oil shipments are under pressure due to sanctions, and their transit routes in the Strait of Hormuz and the Red...
Oil and Petrochemicals
Reduction of Oil Tanker Shipments on Iran's Sanctioned Routes
Investigations show that oil tanker shipments on Iran's sanctioned routes have significantly decreased.
Oil and Petrochemicals
Increase in LNG Shipments from Qatar Passing Through the Strait of Hormuz
Two liquefied natural gas shipments passed through the Strait of Hormuz this week as producers seek to increase flows to...
Oil and Petrochemicals
Increase in Tanker Revenues to Over $1 Million per Day
Revenues of VLCC tankers in the Persian Gulf and China have surpassed $1 million per day. These changes have occurred du...
Oil and Petrochemicals
Saudi Arabia Informs European Refineries They Will Not Have Crude Oil
Saudi Arabia has informed two refinery customers in Europe that due to an attack on the pipeline, they will not receive...
Oil and Petrochemicals
Tanker Fire with Togolese Flag in the Strait of Hormuz After Being Struck by Unknown Projectile
The tanker with a Togolese flag caught fire in the Strait of Hormuz due to being struck by an unknown projectile. This i...
Oil and Petrochemicals
Clash in the Strait of Hormuz and Damage to Unknown Oil Tanker
Following a clash in the Strait of Hormuz, an oil tanker was hit by an unknown projectile, resulting in a fire on board....
Oil and Petrochemicals
UK Maritime Trade Operations Center Reports Fire on Oil Tanker
The UK Maritime Trade Operations Center reported a fire on an oil tanker due to an unknown projectile hitting it in the...