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ADNOC and Kuwait Petroleum Corp have increased naphtha shipments to Asia in recent months via ship-to-ship transfers outside the Strait of Hormuz. Trade data and traders said the flows are helping Asian petrochemical producers lift output.
ADNOC and Kuwait Petroleum Corp increased naphtha shipments in August and September via ship-to-ship transfers outside the Strait of Hormuz, helping Asian petrochemical producers raise output. Trade data showed combined Gulf exports rose to about 5 million tons in the two months.
StealthGas reported second-quarter 2026 revenue of $42.8 million and profit of $17.3 million, with cash above $250 million after prepaying over $350 million of debt.
Trump threatens 100% tariff on countries implementing digital services tax
Oman tells allies that ships going through the Strait of Hormuz may have to pay.
The US Treasury Department has authorized the production, delivery, and sale of Iranian oil for 60 days after productive talks between Tehran and Washington