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Lloyd’s Register and Fugro announce agreement to streamline USV fleet certification and maintenance

Lloyd’s Register (LR) and Fugro have announced a block fee agreement to streamline the in-service certification and maintenance of Fugro's growing fleet of...

Europe’s LNG summer buying binge puts market on razor edge

The European gas market is bracing for further volatility as it enters the crucial summer restocking season facing tighter global supplies of the...

OPEC+’s ‘healthy’ crude oil market is an illusion, Trump effect isn’t

The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to “the healthy market fundamentals and the positive...

Oil steady as tariff uncertainty keeps investors on edge

Oil prices held steady on Monday as concern over the impact of U.S. import tariffs on global economic growth and fuel demand, as...

The Commodities Feed: Saudis cut prices

Energy – Saudis cut crude prices Downward pressure on US equities last week spilled over into the oil market, with ICE Brent settling almost...

Russian tanker group Sovcomflot expects more pressure from Western sanctions after profit slump

Russia’s leading tanker group Sovcomflot blamed Western sanctions for a profit slump in 2024 and warned that new restrictions imposed on its fleet...

India’s BPCL plans to buy US oil via 4-mth tender, source says

Indian state refiner Bharat Petroleum Corp BPCL plans to float a 4-month tender next week to buy U.S. West Texas Intermediate (WTI) crude,...

Urals freight rates to India rise to 12-month highs, sources say

Freight rates for shipments of Russian Urals oil from the Baltic and Black Sea ports to India rose to their highest levels since...

New green maritime fuels demonstrated in the Port of Southampton

Today, Fortescue Green Pioneer completed a groundbreaking demonstration of ammonia fuel usage in the Port of Southampton, marking a first for the UK...

What would the Port of Felixstowe’s sale mean?

As the Port of Felixstowe looks set to be sold to new owners, what impact could the deal have?An announcement from CK Hutchison...
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