The United Nations has purchased a large tanker to store roughly 1.1 million barrels of oil. the oil is currently stored on a decaying vessel of the coast of Yemen, and officials have been warning that an environmental disaster is imminent for several years. The oil will be transferred to the UN’s tanker in a bid to protect the Red Sea and Yemen’s coastline from an oil spill.

Terminal News
ExxonMobil to Close Scotland Ethylene Plant
US oil major, ExxonMobil, plans to close its ethylene plant located in Fife, Scotland, by 2026, impacting around 200 local jobs. The company has cited difficult market conditions and UK



