Oil and Petrochemicals
IRGC Navy Reports Two Tankers Caught Fire After Hitting Mines in the Strait of Hormuz
The Iranian Revolutionary Guard Corps Navy announced that two tankers caught fire after hitting mines in the Strait of H...
Oil and Petrochemicals
Oil and Petrochemicals
Shooting at LNG Tanker in Gulf of Aden Due to Attempted Seizure
A tanker carrying liquefied natural gas was shot at in the Gulf of Aden. The incident occurred following a boat approach...
Oil and Petrochemicals
Iran's Oil Exports to Pakistan Halted Due to Sanctions
Iran's oil exports to Pakistan have been halted due to banking issues arising from sanctions. Meanwhile, imports continu...
Oil and Petrochemicals
Increase in Attacks on Ships in the Strait of Hormuz Following Oil Export Decline
Reports indicate that the number of attacks on ships in the Strait of Hormuz has reached its highest level. This increas...
Oil and Petrochemicals
International Seaways Announces $370 Million Acquisition of Bruton
International Seaways has acquired ownership of Bruton for $370 million and added four large tankers to its fleet.
Oil and Petrochemicals
Increase in Transportation Costs for Tanker Esteem Explorer to $81 Million
The transportation cost for the tanker Esteem Explorer has reached $81 million, which is 9 times higher than last year....
Oil and Petrochemicals
Britain Imposes New Sanctions on the Russian Oil Industry
Britain has imposed new sanctions on two oil companies and 12 shadow tankers with the aim of limiting Russia's oil reven...
Oil and Petrochemicals
The Navy of the Islamic Revolutionary Guard Corps Reports the Sinking of the GFS Pride Tanker in the Strait of Hormuz
The Navy of the Islamic Revolutionary Guard Corps announced that the GFS Pride tanker sank after hitting a mine in the S...
Oil and Petrochemicals
Equinor and its partners are rapidly developing new oil fields in the North Sea
Equinor, along with its partners Petoro and TotalEnergies, intends to rapidly develop new oil fields in the North Sea us...
Oil and Petrochemicals
Japan Takes Steps to Diversify Oil Imports from Non-Hormuz Sources
Japan has approved plans to support oil imports from alternative sources in order to reduce its dependence on the Strait...
Oil and Petrochemicals
Iran is using new methods to target ships passing through the Strait of Hormuz
Iran has adopted new strategies to target ships in the Strait of Hormuz in order to raise oil prices and influence the U...
Oil and Petrochemicals
Iran's Oil Reaches Record $105 and U.S. Bases in the Region Have Become Unused
Iran's oil has experienced significant growth, reaching a record $105. Following Iran's attacks, U.S. military bases in...