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The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gas field serve Iran’s domestic consumption needs. While the immediate impact on global supply appears limited, the attacks have reminded markets of the region’s fragile stability.
The Polish energy company said all of its refineries have been supplied with non-Russian oil since March, with the final contract for Russian oil delivery from Rosneft ending June 30. Our refineries process feedstock from the Middle East and Persian Gulf, the North Sea, Africa, and both Americas.
Given the sector’s complexity and geographical spread—from remote drilling rigs to refineries and distribution terminals—logistics is a key driver of efficiency and profitability. SupplyChain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.
AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency. AI-powered systems can fine-tune extraction techniques, monitor pipeline integrity, and adjust refinery processes to maximize output while reducing the risk of inefficiencies.
On Monday ORLEN said it had also eliminated Russian oil from its supplychain when the final contract for deliveries of Russian crude meant for Czechia expired this month. “I’m pleased that Naftogaz has recognized the competitiveness of our offer”, Soszynski said.
Supplychains are shifting, refineries across the world are reconfiguring to meet new sustainability and environmental goals, the covid pandemic has caused a surge in road.
Bitumen and asphalt supplychains are shifting, refineries across Europe are closing, construction companies are sourcing new supply from the global market. This event will.
Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years. Investment in grids, however, currently standing at US$400bn per year is failing to keep pace with spending on generation and electrification, with obstacles being lengthy permitting procedures and tight supplychains for transformers and cables.
This helps farmers grow the crops that feed the world, making natural gas an indirect but essential part of the food supplychain. Refineries rely on natural gas to generate hydrogen, which is used to remove sulfur from fuels like gasoline and diesel, making them cleaner-burning and more environmentally friendly.
US tariffs are expected to remain the key concern for the oil and gas industry in 2025, followed by geopolitics and supplychain, according to a new report from leading data and analytics company GlobalData Tariff-induced trade tensions have the potential to depress the US and global economy in the near term, thereby affecting energy demand.
Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supplychain. Challenges: Ensuring the safe and efficient movement of large volumes of oil and gas, regulatory compliance, supplychain constraints, and managing logistics. What is oil and gas upstream midstream downstream?
As flames continue to rage across Los Angeles and surrounding areas, pipelines, refineries, and power systems are under serious threat, creating the potential for widespread energy disruptions across multiple states. Lipow explained that pipeline disruptions could lead to a buildup at refineries, forcing them to reduce their operating rates.
Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supplychain. Its time to leverage real-time data for optimal decision-making throughout the supplychain.
Companies are taking full control of the supplychain from gathering and processing to pipeline transportation and export terminals to streamline operations and capture higher margins. Energy-driven industrial growth Power plants, data centers, and refineries are driving new demand. LNG boom The U.S. ” Thomas E.
Iran's missile strikes also damaged an oil refinery in Haifa, the Times of Israel reported. Investors following the news over the weekend might've expected more of the same Monday, especially after learning that Israel attacked Iranian energy infrastructure. So why is the market on Monday so far shrugging it all off?
Iranian missiles, meanwhile, damaged a major oil refinery in Haifa, according to The Times of Israel. South Pars is one of the largest natural gas fields in the world. Israel also hit a major oil depot near Tehran, sources told The Jerusalem Post.
Summary : The IEA reports that global crude supply is exceeding demand by 600,000 bpd, pushing oil prices toward the $60-$80 per barrel range, with U.S. refinery shutdowns of 400,000 bpd are contributing to the surplus. production expected to rise by 400,000 bpd to 13.6 million bpd in 2025.
Picture taken May 21, 2018. Ahmed Jadallah | Reuters Crude oil futures fell slightly on Thursday, after spiking sharply in the previous session on fears that Israel and Iran are on the brink of war. Catch up on the latest energy news from CNBC Pro: Citi downgrades Constellation Energy after Meta nuclear deal disappoints investors BMO says this U.S.
watch now VIDEO 0:29 00:29 Watch: Iranian news anchor interrupted after Israeli missile appears to hit TV studio News Videos Fire exchanges have continued since Israel's Friday attack against Iran, with Iranian media reporting Tehran's latest strikes hit Tel Aviv, Jerusalem and Haifa, home to a major oil refinery.
Some Middle Eastern countries are likewise boosting regional supplychains across energy, construction materials, and services as part of efforts to diversify their economies. Similarly, breaks in supplychains for plastic resins led to delays in packaging, auto parts, and electronic casings.
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