- + US Treasury issues sanctions targeting Iranian oil trade, Houthi financing—The US Treasury Department Dec. 19 issued a new wave of sanctions on the shadow fleet of tankers shipping Iranian oil, as well as on officials and exc...
- + Israel launches fresh strikes on oil storage at Yemeni ports—The Israel Defense Forces launched fresh strikes on Yemen's Red Sea ports of Hodeidah and Ras Isa Dec. 19, hitting oil storage facilities and other en...
- + Tankers with Russian gasoline said circulating off Brazil's Itaqui port—Two, possibly three tankers, likely together carrying at least 20,000 cu m (roughly 125,000 barrels) of Russian gasoline, market sources say, have bee...
- + EU blacklists Rosneft tanker unit under latest sanctions—The EU adopted Dec. 16 its latest sanctions package against Russia, blacklisting more tankers and a shipping unit of Russian state-owned oil giant Ros...
- + US diesel shipments to Brazil to surpass Russian volumes by 20% in week 51: CAS—The US is expected to be the main diesel supplier to Brazil in the week ending Dec. 22, with US-origin volumes projected 22% higher than Russia-origin...
- + Ukraine estimates 238 'shadow' tankers shipping sanctioned Russian, Iranian oil—Ukraine has identified 238 "shadow" tankers transporting sanctioned oil from Russia and Iran to boost revenue, calling on governments to clamp down on...
- + EU envoys agree 15th sanctions package on Russia—EU ambassadors have agreed a15th sanctions package against Russia, the trade bloc's Hungarian presidency said Dec. 11, in a move set to expand the ros...
- + Fresh high for non-G7 tankers lifting Russian crude amid tightened sanctions—Russia lifted the share of its seaborne crude exports on non-G7 tankers to a fresh high in November, with Western authorities ramping up their sanctio...
- + Iran's crude exports to Syria halt after rebels seize power—Iran's oil supply line to Syria appears to have been severed following the sudden fall of President Bashar al-Assad's regime, according to tanker trac...
- + Hong Kong's ex-wharf LSFO term premiums rise in December on tight supply—Term contractual premiums for ex-wharf 0.5%S marine fuel cargoes at the North Asian bunkering port of Hong Kong rose in December due to supply tightne...
- + Annual CO2 shipping volumes seen at 100 mil mt/y by 2050: study—Shipping is poised to play an important role in Asia-Pacific cross-border Carbon Capture, Utilization and Sequestration, or CCUS, initiatives, with an...
- + India, Sri Lanka see weak bunker fuels demand in Nov: traders—Bunker markets at Mumbai saw a fall in demand for bunker fuels due to the inconsistency in availability of supplies at the port, while despite plentif...
- + WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage—Freight rates for Very Large Crude Carrier voyages loading in West Africa ended the week to Dec. 6 at their lowest level since October 2023, with sour...
- + Oil price cap, sanctions fueling 'internecine warfare' in Kremlin: US official—Sanctions on Russian hydrocarbons following its invasion of Ukraine are a "work in progress" but are succeeding in squeezing the country's economy whi...
- + Other alternative marine fuels 'toddlers' compared to LNG: SEA-LNG chairman—Other alternative marine fuels can be considered "toddlers" compared to LNG, as the latter offers an immediate, low-risk and incremental solution for ...
- + US seeks more partners to combat Houthi attacks in the Red Sea—The United States needs more partner countries to join the fight against Yemen-backed Houthi rebels targeting commercial and military vessels in the R...
- + OPEC+ extends crude output cuts amid market uncertainty—In an oil market facing uncertain demand growth but abundant supply, the OPEC+ alliance said on Dec. 5 it will postpone the easing of its production c...
- + India's marine fuel excise duty cuts set to boost port traffic—India's elimination of the excise duty on high-flash high-speed diesel and marine gas oil supplied to foreign ships, effective Dec. 3, is expected to ...
- + November WTI Midland into Dated Brent Performance: 3 cargoes tracked—As trading activity in the Platts Market on Close assessment process ramped up in November, continuing the trend from October, 10 cargoes of WTI Midla...
- + India-West Africa container freight rates rise amid strong flow of rice volumes—Container freight rates from the Indian subcontinent to West Africa have risen amid the movement of rice in large volumes over this route since mid-No...
- + FEATURE: OPEC+ growing 'more opaque' as Vienna oil gathering shunned for 'Zoom'—Since moving its headquarters to Vienna in 1965, OPEC ministers have typically gathered at least twice a year in the Austrian capital to formulate oil...
- + Japanese LSFO falls to most competitive level in North Asia amid bleak demand—Japan-delivered LSFO prices are currently the cheapest among the major regional bunkering locations for the first time this year following a sluggish ...
- + US to deliver more diesel to Brazil than Russia in week ending Dec. 8: CAS—The US is expected to be the main diesel source for Brazil in the week ending Dec. 8, preliminary S&P Global Commodities at Sea indications showed...
- + Venture Global sells early 2025 LNG cargoes from Plaquemines terminal—Venture Global has sold LNG cargoes from its new Plaquemines terminal for the initial months of 2025 through a short-term strip offered earlier in 202...
- + INTERVIEW: Peninsula focuses on LNG, biofuels in marine energy transition by 2030—Peninsula plans to ramp up supplies of LNG and biofuels to shipping companies this decade before offering novel marine fuels like sustainable methanol...
- + US sanctions senior Venezuelan officials, does not revoke oil licenses—The United States government is levying new sanctions against 21 senior Venezuelan officials and associates of president Nicolas Maduro for their role...
- + Growth of Iranian exports reduces mainstream crude tanker demand: Frontline—The higher call on sanctioned tankers to carry Iranian exports is weighing on mainstream fleet demand, crude tanker firm Frontline said Nov. 27. Iran'...
- + Singapore's Hi-5 spread narrowest in five months on weaker LSFO demand—Ample low sulfur fuel oil supplies in the world's largest bunker hub of Singapore have narrowed the spread against the 380 CST high sulfur fuel oil gr...
- + European LNG, gas supply shifts strengthen 2026 summer-winter backwardation—European natural gas prices for summer 2026 have held their backwardation against their winter 2026 counterpart as sources emphasized improving global...
- + Infographic: Japan starts world's first transport of liquefied CO2—Japan has entered a new phase in the transport of CO2, with the start of trial voyages Nov. 26 on a low-temperature and low-pressure liquefied CO2 car...
- + UK sanctions 30 shadow tankers in largest clampdown on Russian oil trade—The UK has blacklisted another 30 oil tankers in Russia's "shadow" fleet in its largest sanctions package of this kind to date, the government said No...
- + Kazakhstan lowers 2024 oil production target after H2 maintenance—Kazakhstan has cut its forecast for oil production in 2024 after major maintenance at the Tengiz and Kashagan fields in the second half of the year, E...
- + Singapore-Fujairah LSFO price spread narrowest in 3 months due to weak demand—Weaker low sulfur fuel oil demand and ample stockpiles in the world's largest bunker hub of Singapore due to competition from nearby alternative suppl...
- + Next stop Guyana: India takes its oil diplomacy far and wide—Indian Prime Minister Narendra Modi's maiden visit to Guyana has bolstered expectations that the country's refiners are moving closer to signing long-...
- + Flurry of new tonnage diverges LNG shipping rates from bullish cargo market—European LNG cargo prices are rising, contrasting sharply with falling shipping rates. This divergence is driven by strong demand signals and a tighte...
- + UAE oil production data confounds barrel counters, OPEC+ partners—UAE crude oil production is coming under increasing scrutiny from barrel counters, some of whom are questioning official data released by the key OPEC...
- + Healthy Panama Canal flows, growing fleet dampen VLGC rates—Growing fleet capacity and stable Panama Canal flows have kept Very Large Gas Carrier freight rates out of Houston to Northwest Europe and the Mediter...
- + Africa's refining resurgence on course despite margin risk—The threat of a permanent downswing in global refining margins has not stopped African refinery projects from progressing, as amplified energy securit...
- + INTERVIEW: Star Bulk will use biofuels to comply with FuelEU Maritime rules—Star Bulk -- one of the largest dry bulk shipping companies -- will start buying biofuels to power its fleet to comply with a new EU regulation from n...
- + US sanctions Syrian company said to generate revenue for Iran, Houthis—The US State Department announced Nov. 14 that the US would impose sanctions on 26 companies, individuals, and vessels associated with Al-Qatirji Co.,...
- + WAF Suezmax market approaches Q3 lows amid Bahri week cooldown—Freight rates in the West African Suezmax segment have softened to near the troughs seen in Q3 2024, with sources pointing to weaker cargo inquiry lev...
- + COP29: Call to Action pushes for acceleration of zero-emission fuels uptake in shipping—More than 50 stakeholders across the shipping value chain have signed a Call to Action at the UN Climate Change Conference to accelerate the adoption ...
- + G7 crude tankers return to Russia as Urals trades close to price cap—The share of G7-linked crude tankers in Russia rebounded to a seven-month high in October, supported by recent Russian crude weakness as their operato...
- + FACTBOX: Global shadow tanker fleet moves growing volumes of sanctioned oil—Led by the US, Western governments have tightened sanctions on Russia, Iran and Venezuela amid escalating geopolitical conflicts, often targeting the ...
- + Interactive: Seaborne trade in Russian oil under G7 price cap—(Latest update: Nov. 12, 2024) Related content: G7 crude tankers return to Russia as Urals trades close to price cap Russia, one of the world’s larges...
- + Interactive: Platts global bunker fuel cost calculator—(Latest update Nov. 12, 2024) The Platts global bunker fuel cost calculator shows how Platts price assessments for methanol, ammonia, LNG, bioblends a...
- + More ships back in Red Sea but full recovery not on horizon: AD Ports Group—More shipping operators have returned to the Red Sea but a full-scale recovery at the Suez Canal is "not yet on the horizon," AD Ports Group said Nov....
As of 12/21/24 7:00am. Last new 12/21/24 6:29am. Score: 706
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