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Gasoline margins slip on higher crude

Northwest European gasoline refining profit margins fell by $1.65 a barrel on Friday to $5.58 as stronger underlying crude prices weighed, but lower...

Excelerate Energy and PV Gas Announce Strategic Partnership for U.S. LNG Supply

Excelerate Energy, Inc., a leading provider of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint...

Why isn’t methanol catching up (yet)

DNV’s latest vessel order tally shows a clear divide. Investments in LNG-capable vessels are rising, while methanol-capable orders have stalled. In February, 33...

China state firms curb Russian oil imports on sanctions risks, sources say

Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes...

Russian diesel continues to flow to Syria on US-sanctioned tankers, data shows

A second tanker under U.S. sanctions is moored near the Syrian port of Banias and may deliver a diesel cargo from Russia, data...

Americas Aframax demand could take a hit amid non-renewal of Venezuelan sanctions waiver

The US Department of the Treasury recently announced that Chevron's sanctions waiver was not renewed, meaning the company will no longer be able...

Turkey’s Tupras imports first Brazilian crude cargo, data shows

Turkey’s largest oil refiner Tupras is set to receive a cargo of Itapu crude early next month, its first such purchase from Brazil,...

MOL, Namura Shipbuilding, Mitsubishi Shipbuilding Acquire AiP for Large Ammonia-powered Ammonia Carrier- Major Step towa

Mitsui O.S.K. Lines, Ltd. announced that a large-size ammonia-powered ammonia carrier, under joint development by MOL, Namura Shipbuilding Co., Ltd. and Mitsubishi Shipbuilding...

Steam turbine carriers are at higher risk amid increasing scrutiny and rising market uncertainty

Steam carrier rates hit a historic low in 2024; a similar trend is likely in 2025 Spot rates for steam carriers averaged $23,000pd in 2024,...

Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade

Russia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil trade,...
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