Oil and Petrochemicals
Saudi Arabia Closes East-West Oil Pipeline After Drone Attack
Saudi Arabia has fueled rising tensions in the Middle East by closing one of its most important oil pipelines. This acti...
Oil and Petrochemicals
Oil and Petrochemicals
Asid Doubles Down: Major Investment by Oman in Shipbuilding
Asid Oman expands its ambitious program by purchasing two new tankers. This move signals significant changes in the ship...
Oil and Petrochemicals
The Impact of Hormuz Transits on Gulf Oil Exports: Surpassing 10 Million Barrels per Day
Oil transit through the Strait of Hormuz, despite reduced traffic, has aided Gulf oil exports, pushing them above 10 mil...
Oil and Petrochemicals
Pressure on Oil Prices: Iranian and American Naval Attacks Drive Tanker Rates to Record Highs
The cost of oil transportation has reached its highest level, and this increase is due to the recent wave of naval attac...
Oil and Petrochemicals
Increase in Oil and Gas Production in the Permian with Longer Well Drilling
Drilling longer horizontal wells in the Permian region has led to a significant increase in oil and gas production. This...
Oil and Petrochemicals
Stunning Increase in Nigeria's Oil Exports with the Launch of Dangote Refinery
Oil product exports from Nigeria have significantly increased since 2023 and play an important role in the global market...
Oil and Petrochemicals
Amazing Advances in Oil Liquid Pipeline Projects
Since the beginning of 2025, oil liquid pipeline projects have been completed at an unprecedented pace. This trend inclu...
Oil and Petrochemicals
Will the United States Break the Crude Oil Production Record in 2026?
The United States is on track to break the crude oil production record in 2026. According to forecasts, the country's oi...
Oil and Petrochemicals
Oil on the Brink of $120: Escalating Tensions in the Middle East
With the intensification of conflicts in the Middle East, oil prices are approaching the $120 mark. This concerning tren...
Oil and Petrochemicals
Oil Price Drop: The Fate of the Market in the Hands of Middle Eastern Tensions
Oil futures prices fell in early U.S. trading after recent record highs due to escalating tensions in the Middle East. W...
Oil and Petrochemicals
Saudi Arabia Shuts Down Vital Oil Pipeline After Attacks
The shutdown of Saudi Arabia's East-West pipeline poses a serious threat to the country's oil exports. While Iraq has re...
Oil and Petrochemicals
Shell sells American gas plant for $715 million
In a controversial move, Shell has sold its gas plant in the United States for $715 million. This action is part of a fu...