Oil and Petrochemicals
Saudi Arabia Turns to the Strait of Hormuz as East-West Pipeline Fails
Saudi Arabia has turned back to the Strait of Hormuz following the failure of the East-West pipeline. These developments...
Oil and Petrochemicals
Oil and Petrochemicals
VLCC Tankers in the Persian Gulf to China Reach Record $800,000
The rate of VLCC tankers on the route from the Persian Gulf to China has reached a record $800,000 per day, indicating a...
Oil and Petrochemicals
Increase in Asian Diesel Exports to Africa Following a Decrease in Middle Eastern Shipments
Asian diesel exports to Africa increased in August due to a decrease in Middle Eastern shipments. This change is related...
Oil and Petrochemicals
The Head of the National Union of Alternative Fuels Announced an Increase in Demand for Dual-Fuel Vehicles
The Head of the National Union of Alternative Fuels reported a significant increase in demand for dual-fuel vehicles fol...
Oil and Petrochemicals
Sanction and Seizure of Iranian Oil Tanker in International Waters
The Iranian oil tanker was seized in international waters due to sanctions. This action indicates an escalation of inter...
Oil and Petrochemicals
New Iranian Oil Tanker Shipment Identified on Sanction Routes
A new oil tanker shipment that has departed from Iran has been identified as passing through sanctioned routes. These de...
Oil and Petrochemicals
New Attacks on Commercial Ships in the Strait of Hormuz and Bab el-Mandeb
Recent attacks on commercial ships in the Strait of Hormuz and Bab el-Mandeb indicate significant changes in maritime tr...
Oil and Petrochemicals
4% Decrease in Global Oil Supply Due to Saudi Pipeline Disruption
Disruption in Saudi Arabia's main pipeline has become a threat to global oil supply. This disruption could lead to a 4%...
Oil and Petrochemicals
Brent Oil Price Rises to $107 After Attack in the Strait of Hormuz
The price of Brent oil reached $107 per barrel on Monday morning, following an attack on a commercial ship in the Strait...
Oil and Petrochemicals
Tenfold Increase in Tanker Insurance Due to War Risk
Energy analysts have reported a tenfold increase in tanker insurance due to the heightened risk of transit in the Strait...
Oil and Petrochemicals
Sanctions on Tankers and Oil Shipments Due to Attacks on Refineries in Ukraine
Attacks on oil refineries in Russia have led to increased sanctions against tankers and oil shipments. These development...
Oil and Petrochemicals
Increase in Sanctions on Iranian Oil Shipments in the Red Sea
New sanctions against Iranian oil shipments in the Red Sea are sharply increasing. These sanctions have impacted oil tra...