Wednesday

07-05-2025 Vol 19

Category: News

Middle East Crude Benchmarks Reach Highest Levels of the Month with Continued Gains

Middle East crude benchmarks, including Oman, Dubai, and Murban, continued to see increases on Monday, reaching their highest premiums this…

China’s Crude Oil Inventories Experience Uncommon Decline Due to Weak Import Levels

China’s recent dip into its crude oil stockpiles marks a significant moment, as this occurred during the first two months…

China’s Crude Steel Production Declines in January and February, Despite Improving Profit Margins

China’s crude steel production in January and February 2025 experienced a decrease of 1.5% compared to the same period last…

OrbitMI and Statu Shipping Collaborate to Improve Compliance and Emissions Management for Their Fleet

OrbitMI, a prominent provider of maritime software as a service (SaaS), has partnered with Istanbul-based Statu Shipping to enhance compliance…

Titan Successfully Executes Initial Bunkering for MOL Under Newly Established Contract Terms

Titan Clean Fuels (Titan) and Mitsui O.S.K. Lines (MOL) have successfully completed the inaugural LNG and liquefied biomethane (bio-LNG) bunkering…

Asia Distillates: Positive Activity in the Window; East-West Spread Remains Tight

The Asia middle distillates market is showing positive activity as trading windows remain open, with ongoing discussions about spot sales…

Goldman Revises Oil Price Outlook Due to Slower Demand Growth and Increased OPEC+ Supply

Goldman Sachs has revised its oil price forecasts for December 2025 and the average for 2026, reflecting expectations of slower…

Iron Ore Prices Decline Amid Concerns Over China’s Property Data and Its Impact on Demand

Iron ore futures experienced a significant decline on Monday, driven by disappointing property data from China, the world’s largest consumer…

ClassNK Grants Approval in Principle for Innovative Ammonia-Powered Carrier by MOL, Namura, and Mitsubishi

ClassNK has granted an approval in principle (AiP) for a large ammonia-powered ammonia carrier, a project developed collaboratively by Mitsui…

Gard Achieves Remarkable Performance Amidst Unpredictable Claims Landscape

Gard has reported impressive results amid a fluctuating claims environment, as outlined in its annual integrated report. This report highlights…