
Turkey and Iraq Renew Crude Oil Pipeline Agreement for One Year
Turkey and Iraq are set to extend their long-standing crude oil pipeline agreement for another year, maintaining a key energy route
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Turkey and Iraq are set to extend their long-standing crude oil pipeline agreement for another year, maintaining a key energy route

U.S. natural gas futures fell to a six-week low due to anticipated low LNG export flows from Freeport LNG maintenance.

A new startup is working to link physical crude oil to a digital token using blockchain technology.
VAROPreem has finalized the acquisition of Sunpine, a major biorefinery producing renewable feedstock for advanced biofuels
Oilmar has appointed Steff Tan as a Marine Fuel Trader in Singapore, enhancing its global trading team with her expertise.
William Hogg, a key analyst in marine fuels risk, has left Infospectrum after 26 years following its acquisition.
Attacks on Russian refineries in June boosted crude exports while reducing refined product availability for international delivery
Oil prices surged as the US-Iran ceasefire faltered and Russia implemented a diesel export ban, impacting global energy markets
The Middle East crude oil market is now focused on price competition and global market share after geopolitical instability
Northwest European gasoline refining margins fell as crude oil prices jumped, indicating higher operational costs for refiners
Svanehoj, a marine pump and liquefied gas specialist, has acquired Henri Systems Holland, a designer of measurement and safety equipment
New orders for crude oil tankers have hit a record high in 2026, driven by strong freight markets and an aging fleet
Ovkianvance Port has acquired the 2004-built VLCC Eclat, renamed Takai, amid a quiet tanker sale and purchase market.
West of Suez VLCC and Suezmax tanker rates are highly sensitive to cargo availability and booking timing, causing rapid market shifts
The global LNG bunkering market experienced significant growth in 2025, climbing to nearly 4 million metric tons.

Modern tanker operations increasingly rely on onboard blending and cargo control for efficiency and profitability.

Russia has prohibited diesel exports to stabilize its domestic fuel market after Ukrainian drone attacks caused shortages

The U.S. Bureau of Ocean Energy Management has scheduled the third offshore oil and gas lease sale in the Gulf of Mexico for August
Island Oil has acquired two new oil tankers, the Island Polaris and Island Horizon, to boost marine fuel transport capacity.
Strait of Hormuz transits remain below pre-crisis levels, creating upside risks for oil and product pricing in H2
Japan's jet fuel export ban to Russia now explicitly includes shipments through third countries and at-sea transfers.
Rotterdam's Verde Marine Energy and Saudi-based Eleven Energy announced a strategic collaboration in the marine energy sector
Peninsula and Itochu have created a joint venture to develop ammonia bunkering infrastructure in Europe, focusing on strategic hubs

Oil prices surged over 3% after new airstrikes between Iran and the U.S. and re-imposed sanctions on Tehran.
The clean tanker market is overbought due to optimism about refined product flows, signaling potential rate hikes
Global crude oil loadings saw a marginal 0.2% decline in 2024, impacting tanker demand and freight rates.
A Moscow court has ordered the seizure of Transbunker's assets, transferring control to the state due to foreign ownership concerns
The Port of Las Palmas, a key Mid-Atlantic hub, manages five ports across the Canary Islands, focusing on maritime services.
Saudi Arabia has cut its August Arab Light crude oil official selling price to Asia, reaching its lowest level since 2020.
Henry Hub natural gas prices are projected to rise to US$5/mmbtu by 2035, ending a decade of lower costs.
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