Middle East
Tankers U-turn, zig-zag, pause around Strait of Hormuz
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.
Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict
Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped.
Oil tanker market signals more Middle East energy disruption ahead
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.
Amid regional conflict, the Strait of Hormuz remains critical oil chokepoint
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world's largest crude oil tankers, and it is one of the world's most important oil chokepoints.
Israel's Oil Refineries says pipelines, transmission lines in Haifa damaged in strikes by Iran
Israel's Oil Refineries said its pipelines and transmission lines in Haifa had been damaged by missile strikes by Iran
GameChange Solar secures 450-MWp order for green ammonia project in Oman
GameChange Solar has signed a contract with ACME Greentech Ventures FZCO to supply its Genius Tracker 1P Single Row system for a 450-MWp solar project in Duqm, Sultanate of Oman.
Borouge awards ADNOC L&S 15-year contract to accelerate growth of UAE petrochemical exports
Borouge Plc and ADNOC Logistics & Services Plc (ADNOC L&S) have entered a 15-yr strategic partnership that will support a significant increase in the production and export of petrochemicals from the UAE.
Ebara Elliott Energy signs high-speed balancing bunker agreement to expand Middle East footprint
Ebara Elliott Energy (EEE), a leading provider of turbomachinery solutions, has signed a major purchase agreement for the installation of a high-speed balancing bunker (HSB) in Saudi Arabia, marking a key milestone in the company’s strategic expansion across the region.
Asia's fuel oil imports from Iraq hit 4-month high in May
Asia's fuel oil imports from Iraq hit a four-month high in May as strong refining margins boosted output and exports from the Middle Eastern supplier.
Global oil refiners see short-term boost from higher margins
Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.
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