Trotz des Iran-Krieges und der Hormus-Krise wird die kostengünstige Chemieproduktion im Nahen Osten ihren langfristigen Vorteil gegenüber anderen Regionen voraussichtlich beibehalten. Kurzfristige Verschiebungen bei der Beschaffung von Polymeren finden aufgrund der aktuellen Engpässe in der Industriebasis des Persischen Golfs statt, was Chemieunternehmen aus den USA zugutekommt. Auf lange Sicht dürfte der Nahe Osten jedoch seinen Kundenstamm behalten, da er nach wie vor über die zwei Hebel verfügt, um auf dem Weltmarkt wettbewerbsfähig zu sein – eine umfangreiche Produktionsbasis und vor allem
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shortage, and traders have gone bullish. They are especially bullish on fuels in the United States, it seems. The world’s biggest crude oil consumer and the biggest exporter of crude and fuels has not managed to avoid a supply squeeze at…
It was a relatively subdued Shanghai Cooperation Organization summit for Chinese leader Xi Jinping. He departed the host city Bishkek having made few attention-grabbing headlines. There were no big announcements or viral moments, unlike at 2025’s SCO summit on Xi’s home turf in the Chinese city of Tianjin. In Bishkek, there were no photos of Xi, Russian leader Vladimir Putin and Indian Prime Minister Narendra Modi cutting up together sans interpreters, nor Putin and Xi caught on hot mics discussing how to live for 150 years, nor…
There is always a winner in any major global oil crisis. In 1973/74, it was Saudi Arabia and its OPEC brothers who shifted the balance of power in the market away from the previous arrangement dominated by the West’s ‘Seven Sisters’ to the oil producers of the Middle East. After the 2014-2016 Oil Price War, it was the U.S. whose earlier nascent shale oil sector resisted the threat to its very existence from Saudi Arabia and OPEC, reorganising into a meaner, leaner, lower-cost oil production machine. The U.S. was the winner again…
Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector. Representatives of the five refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico, and Attock Refinery Limited (ARL), have met with Pakistan’s Federal Minister for Petroleum, Ali Pervaiz Malik, to discuss the so-called Refinery Upgradation Policy, local daily Business Recorder…
Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor hopes that the Petroleum Exploration License 90 (PEL 90) offshore Namibia could hold a big discovery similar to those TotalEnergies and Galp have made in recent years in the same Orange basin, Philippe Mathieu, Executive Vice President, Exploration & Production International, at Equinor, told reporters on the sidelines of an energy…
Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack on Monday night, Ukrainian forces hit the 180,000-barrels-per-day Afipsky refinery in the southern Russian region of Krasnodar. A fire broke out at the refinery as a result of the strike, the governor of the Krasnodar region, Veniamin Kondratiev, wrote in a post on Telegram on Tuesday. At least 10 homes were damaged in the Afipsky village and…
US sanctions experts say the Trump administration's new campaign to economically isolate Iran could be an effective escalation -- but only if Washington backs its threats with action. US Treasury Secretary Scott Bessent unveiled what he called “Operation Economic Outcast” on August 24, describing it as an unprecedented effort to force Iran's trading partners to choose between maintaining commercial ties with Tehran and access to the US financial system. Yet Bessent announced few immediate measures, leaving the central question unresolved:…
The benchmark diesel price used for most fuel surcharges hit an important milestone this week: it is at its highest level since military action commenced against Iran in early March. The weekly Department of Energy/Energy Information Administration average weekly retail diesel price rose 19.8 cents/gallon to $5.652/g, effective Monday but published Tuesday. The previous high price was $5.643/g set April 6. That price is now up 39.5 cts/g in the last two weeks. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot('/21776187881/FW-Responsive-Main
The federal government is putting another 3,388 acres of public mineral estate on the auction block for oil and gas development in Montana and the Dakotas. The Bureau of Land Management said it will offer 20 parcels in an online oil and gas lease sale scheduled for October 27. The acreage has already worked its way through several stages of the federal review process. BLM completed scoping for the parcels in May and closed a public comment period on the acreage and related environmental analysis in July. There is still another opportunity to object.…
With Russian infrastructure being pummeled by Ukrainian drones, the Kremlin is hoping to sustain its war effort in Ukraine going by deepening defense cooperation with Kazakhstan and Uzbekistan. It is uncertain, however, whether Astana and Tashkent will go along with Moscow’s wishes. Russia appears to be primarily interested in outsourcing the manufacture of arms, establishing assembly lines and maintenance facilities in the Central Asian nations, thus putting them beyond the reach of Ukrainian drones, according to a report published…
Andy Burnham has suggested tax rises could be on the cards in the looming Autumn Budget, warning he “won’t be unrealistic” over the state of the public purse. The Prime Minister quickly pledged to give people “breathing space” and ease the cost of living after taking the keys to No.10 last month. But in fresh comments during his visit to Ukraine, Burnham acknowledged the fiscal pressures facing the UK and said his spending packages would be fully funded. When pressed on whether he would need to raise taxes to…
Klaveness Combination Carriers ASA (“KCC”) reported EBITDA of USD 38.5 million and Profit after tax of USD 20.8 million for the second quarter of 2026, representing a strong improvement from the first quarter. Fleet average TCE earnings [1] increased by $4,350/day to $37,782/day from Q1 to Q2. This was supported by tighter, though very volatile, ...
Japan’s MODEC has announced the arrival of a floating production, storage, and offloading (FPSO) vessel in Guyanese waters ahead of its deployment on a project in the Stabroek block, as the development moves closer to first oil expected later this year. The post MODEC’s FPSO reaches Guyana as ExxonMobil’s fifth oil project nears start-up appeared first on Offshore Energy .
#fwtv_tCDcsHYyTCU .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_tCDcsHYyTCU .fwtv-panel p{margin:0 0 12px}#fwtv_tCDcsHYyTCU .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Diesel prices are soaring, but spot rates continue to fall, creating a significant disconnect in the trucking market. This SONAR Market Update dives deep into the factors driving this divergence, from global conflicts impacting refinery output to shifts in intermodal rail and changing length of haul for truckload freight. Under
