Bunker Fuels

A new MoU between Peninsula and Evos will create 60,000 cubic meters of biofuel storage at the Port of Algeciras.

Middle Eastern oil producers are considering land-based export options to bypass the Strait of Hormuz due to geopolitical shifts.

VLSFO availability in Singapore remains tight, with extended lead times and inventories impacted by US-Iran hostilities.

Venezuela's crude oil exports fell by 25% in July, reaching a five-month low of 856,000 barrels per day.

Hedge funds and money managers reduced their net-long positions in ICE Brent futures by nearly 7,000 lots.

Oil companies report significant profits as the Iran conflict drives up fuel prices and global shipping costs.

DryDel Shipping secured five-year time charters with "K" Line for four scrubber-equipped Capesize newbuilds from Namura Shipbuilding

NNPC is offering September-loading crude oil cargoes, maintaining stable West African crude price differentials

Oil prices dropped sharply yesterday due to renewed optimism about a potential US-Iran peace deal.

Amsterdam is expanding its renewable fuel infrastructure, handling 7.9 million tonnes of green methanol, BioLNG, and other biofuels.

BP's CEO reported a substantial rise in Q2 2026 profits, demonstrating progress in financial strengthening.

Aramco's net income for H1 2026 reached $65.229 billion, a 33% rise from the previous year, demonstrating strong financial results

Geopolitical tensions and crude price volatility are set to keep the global bunker fuel market unstable through August.

Middle East tensions are escalating, impacting tanker shipping and navigational safety with potential for increased war risk premiums.

ExxonMobil reported $14.5 billion in Q2 2026 earnings, driven by strong execution and market conditions.

Rotterdam's B30-VLSFO biofuel bunker price fell by $23/mt, largely due to a $17/mt decline in conventional VLSFO.

Global middle distillate margins are rising due to geopolitical events, tightening diesel supply, especially for Europe

BP completed the sale of its Gelsenkirchen refinery in Germany to Klesch Group, supporting portfolio simplification and capital allocation

PIL's Kota Eagle completed an LNG bunkering operation at Shanghai Port, pushing the port's total LNG volume past 2M cbm

Red Sea light end petroleum product transits via Bab-el-Mandeb have fallen significantly after reaching a record high.

Rotterdam is emerging as a leader in alternative fuels, while Antwerp maintains its focus on conventional bunker demand.

China's crude oil imports fell in Q2 2026 due to higher prices and Strait of Hormuz disruptions, easing global price pressure

Chevron Corporation reported $12.1 billion in earnings for the second quarter of 2026, with adjusted earnings at $12.0 billion.

A definitive agreement for the Moeve and Galp downstream merger is now expected in the second half of 2026.

ExxonMobil's Q2 profit of $14.7 billion, the highest since 2022, fell short of forecasts due to refining repairs

Quadrise and Licella have amended their JDA to refine the joint testing of bio-oil production technology and fuel applications

Transport & Environment warns the EU is lagging China in green shipping fuel production, with few e-fuel projects operational

A Houthi strike reportedly caused a Saudi refinery to halt operations, with disruptions projected until mid-August.

A new North-East Atlantic Emission Control Area will enforce a 0.1% sulphur cap on marine fuel.

Teekay Tankers Ltd. announced its best-ever quarterly adjusted net income for Q2 2026, fueled by higher spot tanker rates