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Greece reaffirms commitment to subsea power link to Cyprus

Greece reaffirmed on Monday its commitment to building a subsea electric cable planned to link continental Europe to the East Mediterranean, following reports...

US energy secretary promises executives faster industry development

In one of his first meetings with oil and gas executives since being confirmed as U.S. energy secretary, Chris Wright said he intended...

PIL advances fleet renewal with the naming of its fourth 14,000 TEU LNG Dual-Fuel Container Vessel

Pacific International Lines (PIL) is proud to announce the naming of its fourth 14,000 TEU LNG dual-fuel container vessel. The vessel was named Kota...

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,...
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