Oil Prices Fall as Hormuz Transit Resumes
The gradual recovery of maritime traffic in Hormuz reduces pressure on global oil supply and crude prices.
Ruth Arteaga
I am a civil engineer and I work in the writing area. I have a deep passion for civil works. I constantly seek to update myself on new engineering technologies to integrate them into my work, since my main interest is exploring how innovations in the industrial sector can improve and transform the world.
All Ruth Arteaga publications
TotalEnergies calls for pipelines to bypass the Strait of Hormuz
TotalEnergies proposes new energy corridors to reduce reliance on maritime traffic through the Strait of Hormuz.
India’s LPG imports from the United States to reach an all-time high in June
India will raise U.S. LPG purchases to record levels to ensure domestic energy supply.
NatPower and Tesla to Deploy Over 25 GWh in Grid Batteries Across Europe
NatPower and Tesla will develop BESS batteries in Italy and the United Kingdom to strengthen the European electrical grid.
Solar Foods Secures €77.8 Million to Advance Factory 02 Construction
The funding will enable the advancement of Factory 02's construction and the scaling up of Solein's commercial production in Finland.
MHIET achieves the technical maturity to commercialize its 500 kW hydrogen engine
MHIET validates the commercial viability of its 500 kW hydrogen generator set after successfully completing performance tests in Japan. (23 words)
Murphy Oil discovers new oil field off the coast of Ivory Coast
Deepwater exploratory drilling confirms the presence of multiple intervals with high-quality crude in the Ivorian basin.
Qatar LNG Vessels Return to the Strait of Hormuz While Maritime Traffic Continues to Decline
Four Qatari LNG carriers resumed transit through Hormuz despite reduced traffic and regional tension.
Hanwha Ocean and Kanata advance on a US$15.7 billion FLNG project in Canada
Hanwha Ocean will evaluate the development of a floating LNG plant in British Columbia together with Kanata.
Wellesley Petroleum confirms the Carmen gas condensate discovery in the North Sea
Well 35/10-16 S confirmed recoverable gas condensate resources in the Carmen discovery in the North Sea.
Iranian Crude Resumes Flowing Through the Strait of Hormuz
Iran increased its oil exports through Hormuz as regional maritime activity recovers.
INEOS Styrolution to close its polystyrene plant in Illinois
INEOS Styrolution will cease polystyrene production in Illinois and reorganize its industrial operations in North America.