UK Natural Gas Prices Increase Amid Supply Concerns and Strait of Hormuz Agreement
UK natural gas prices rebounded above 132 pence per therm due to persistent supply concerns, despite a Strait of Hormuz agreement
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UK natural gas prices rebounded above 132 pence per therm due to persistent supply concerns, despite a Strait of Hormuz agreement
Exmar received the LNG carrier SIMAISA, slated for conversion into a floating transshipment unit for LNG bunkering.
Gulf oil and condensate exports held steady in July, though 40% below pre-war levels, with a late-month slowdown

US distillate fuel exports reached a record 1.9 million barrels per day last week, driven by strong global demand
ORLEN's new Gdańsk terminal is now operational, handling marine gasoil and biofuel components with an annual capacity exceeding 1.8…
US crude oil inventories unexpectedly increased by 2.690 million barrels, defying market forecasts for a decline.
UK natural gas prices have fallen for three straight days, reaching their lowest since mid-July on Middle East deal hopes
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.
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