Iran's Strait of Hormuz Fee Proposal Sparks Oil Market Volatility
Oil markets are volatile due to Iran's potential plan to impose a permanent fee on ships transiting the Strait of Hormuz.
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Oil markets are volatile due to Iran's potential plan to impose a permanent fee on ships transiting the Strait of Hormuz.
US gasoline futures fell to a five-week low on reports of a potential Iran war resolution, raising hopes for the Strait of Hormuz.
A Dallas Fed official warned that extended closure of the Strait of Hormuz might require global energy consumption cuts.

Oil from the U.S. Strategic Petroleum Reserve was sent to California for the first time, amidst Middle East disruptions

Trump-era waivers for foreign-flagged ships carrying fuel between US ports had little effect on gasoline prices
Molgas Energy Group completed LNG bunkering for the LCO2 vessel Northern Pathfinder at a Norwegian terminal
A new Durban Shipping Chamber has been launched to unite stakeholders and drive growth in the maritime sector.
The Port of Long Beach will award $1 million to the first shipping line to bunker methanol at the port.

A potential closure of the Strait of Hormuz could trigger a major energy supply shock, with oil prices possibly reaching $200.
Russian fuel oil volumes in Singapore hit a one-year peak, driven by Middle East supply disruptions.
Oil prices fell as US-Iran negotiations progressed, despite recent military exchanges, easing market concerns.

Frankfurt Airport's CEO reassures that jet fuel supplies will be sufficient this summer, despite Middle East tensions.
CMB.TECH is increasing its equity in TFG Marine to 15% and will source all marine fuel from the supplier

A proposed OFAC-licensed mechanism aims to facilitate the demolition of the 'shadow fleet' of tankers.

BP's board unanimously removed chairman Albert Manifold over serious concerns about governance and conduct, appointing Ian Tyler as interim.
Global crude oil loadings decreased by 0.2% year-on-year in 2024 after a period of growth

Russia may curb diesel and jet fuel exports, potentially increasing global prices as refinery output drops due to attacks

Ofiniti has acquired Teqplay to integrate its digital twin technology for enhanced maritime fuel and operational intelligence
The Nautical Institute Academy launched a new course to enhance operational competency assessment for engineering and bunkering.
US natural gas futures climbed about 2% due to holiday production cuts and increased supply to Gulf Coast LNG export terminals

Increased aviation fuel prices in 2026 are forcing airlines to cut capacity, adjust routes, and raise fares.
Global Fuels Supply has rebranded as Blue Energy Partners, emphasizing its commitment to sustainable energy solutions and green transition.
Construction has commenced on a new liquefied biogas facility at the Port of Gothenburg, set to expand renewable gas markets
Exercising due diligence in marine lubricant procurement and management is vital for vessel seaworthiness and avoiding machinery damage
European seaborne diesel and gasoil imports rebounded in May, with US refineries becoming a key supply source
India's petroleum product consumption fell 4.6% in April 2026, with natural gas and LNG imports also seeing sharp declines
US natural gas futures edged up but stayed near a one-week low due to mild weather outlooks and rising inventories
Lloyd’s Register's Decarbonisation Hub report pinpoints priority ports and trade routes for sustainable marine fuel adoption
MarineFifty has launched an investment fund targeting maritime energy efficiency technology suppliers, with Njord as technical advisor
Axpo completed the first ship-to-ship LNG bunkering for a cruise vessel, the Sun Princess, in Naples, Italy
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