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Trump invoked the Defense Production Act to expand domestic petroleum production, refining and logistics — declaring the capacity essential to national defense and directing the Defense Department to make purchases, commitments and financial support to speed projects
Zorlu Enerji, the power producer and distributor owned by one of Turkey's largest conglomerates, will miss a coupon payment due this week on its $1.1 billion bond, sources say
Saudi Aramco has instructed staff to evacuate its headquarters in Dhahran and work remotely, six sources with knowledge of the matter said on Thursday. Aramco did not immediately respond to a request for comment
The United States is "not negotiating" with Iran, and a development is expected "fairly soon". "Most people seem to think it's after the election, we're gonna see what happens." President Trump in a remark to @LibbeyDean_
Saudi Arabia's Energy Ministry says air defenses intercepted a drone attack targeting a facility at the Shaybah oil field. Two residents and one other person were injured in a vehicle fire
Today Trump lifted Biden sanctions imposed on the Belarusian Director of potash producer Belaruskali, formerly the director of Belarusian state controlled petrochemical company Belneftekhim. No explanation given
Syria's Directorate for Emergency and Disaster Management: Civil Defence teams have taken control of a fire caused by the leakage of flammable materials in one of the Jasba oil fields due to a power outage, with no casualties reported
Middle East oil flows averaged more than 24 million barrels in 24 hours (BPD) in the week through October 18th, above the prewar average of 23.3 million BPD, according to Kpler ship tracking data reported by The Wall Street Journal. To accomplish this, tankers load inside the Persian Gulf and run through the Strait of Hormuz, often with their automatic identification system (AIS) off and under U.S. air cover along Oman's coast, then transfer cargo to other ships near Oman before returning. That route moved about 14 million barrels a day, or 82% of prewar levels, in preliminary figures. Pipelines across Saudi Arabia and the United Arab Emirates (UAE) and other alternative routes carry the rest of the regional total, or up to 10 million BPD. Kpler estimates about 40% of non Iranian Gulf crude oil bypassed the strait in September, up from 17% before the war. The Journal counts about 30 attacks on ships this month. Brent crude was around $108 a barrel yesterday
A hazardous chemical is continuing to leak from a facility in Toledo, OH this morning resulting in a 1 mile evacuation area (orange) and 3 mile shelter in place area (yellow) for the surrounding area. The leak appears to be coming from a shipping container at a trucking company. The chemical involved is described as an irritant, and is being trapped low to the ground by a layer of dense fog blanketing the region
The United Kingdom Maritime Trade Operations (UKMTO) Center has issued a report on an attack on a tanker approximately 30 nautical miles southeast of Al Faw, Iraq, in the northern part of the Persian Gulf. According to the vessel's master, the tanker was struck by an unidentified projectile at approximately 1830 UTC yesterday. The crew is reported to be safe, and no damage or environmental impact has been reported. A similar incident occurred on September 9th in the same area. Earlier this week, UKMTO acknowledged difficulties in reporting the true number of attacks, as most targeted vessels are refusing to provide information, likely in accordance with U.S. guidance. Attacks attributed to Iran, which have increased in frequency and range in recent weeks, have now targeted tankers north of Qatar and off Saudi Arabia's Al Jubayl
Putin stated that prices on global markets have fallen by 5-6% following the decision on diesel fuel. He added that Russia could supply large quantities of fertilizers to the US market
Russian vice-PM Novak: The first tanker carrying diesel fuel will be dispatched from Russia to the USA tomorrow, October 22. The tanker's displacement is 40,000 tons. We will meet the needs of the USA for diesel fuel within our capabilities. The next tankers will be dispatched to the USA in the near future
Ukraine's National Anti-Corruption Bureau (NABU) and Specialized Anti-Corruption Prosecutor's Office (SAPO) are conducting searches involving National Bank of Ukraine Governor Andriy Pyshnyy, according to media reports
A massive hazardous materials incident hit the Sterling Pipe & Tube facility in Toledo, Ohio, after a methyl acrylate leak from a trailer triggered a dangerous chemical plume and fire.
From the @WSJ: "Persian Gulf oil exports have surpassed prewar levels, as an improvised shipping system under U.S. protection is helping tankers move oil through one of Iran's fiercest waves of attacks in the Strait of Hormuz
Evacuation underway in Toledo, Ohio, following a chemical leak from a steel tubing manufacturer. The incident causes respiratory problems, as well as eye and lung irritation. These symptoms and images originate from outside the evacuation zone
Toledo has a major chemical leak at a factory that's blanketing the whole north side of the city. They have a 1 sq mile evacuation zone. Companies reporting they're unable to respond to calls because of zero visibility. Companies north of I-75 not to return to the fire house
Major chemical incident in Toledo, Ohio, triggers 3-mile "shelter in place" order and 0.6-mile evacuation zone. Local authorities monitor the situation.
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