GASOLINE
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POLITICS
Strait of Hormuz closed, any passage requires coordination with Iran: Senior commander
A senior Iranian military commander says any vessel passage through the Strait of Hormuz must be coordinated with Iran’s armed forces.
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BAZAAR
Knowledge-based Oil Engineering
Iran has become self-sufficient in the production of oil platforms. This has been largely thanks to knowledge-based engineering companies that have pitched in their efforts to make this achievement.
ECONOMY
Average US gas price rises 22% in two weeks to record $4.43
The average regular-grade gasoline prices rose 22 percent over the past two weeks amid Western sanctions on Russia over its military operation in Ukraine which disrupted the global energy market.
ENERGY
Iran Oil Ministry commits to expand CNG fleet
Iranian Oil Ministry pledges to contribute to production of 45,000 CNG vehicles.
ECONOMY
US gasoline prices highest since 2013: EIA
US gasoline prices have spiked in the last 12 months and the average price for a gallon of gas this month was $3.38, the highest since 2013.
ENERGY
Gas stations returning to normal as Iran confirms cyberattack
Normalcy is returning to gas stations across Iran after a cyberattack caused disruptions in fuel delivery.
ECONOMY
Panic buying is emptying gas pumps across US Southeast
American motorists are racing to fill up as Colonial Pipeline cyber attack has prompted panic buying and left many gas stations empty, or close to it.
ENERGY
Iran swapping gasoline for Venezuelan jet fuel: Report
Iran is swapping its gasoline for Venezuelan jet fuel in a deal agreed by the two countries’ national oil companies, a report says.
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