Wednesday

07-05-2025 Vol 19

Category: News

Saudi Arabia Lowers Oil Prices for Asia for the First Time in Three Months

Saudi Arabia, the leading oil exporter globally, has made a significant adjustment to its crude oil prices for Asian buyers,…

Iron Ore Rises Slightly but Suffers Weekly Loss Amid Tariff Concerns

Iron ore prices experienced a modest uptick on Friday but ultimately posted a weekly loss due to ongoing concerns about…

Middle East Crude Benchmarks Rise as Saudi Arabia Reduces OSP to Asia

Middle Eastern crude benchmark spot premiums for Oman, Dubai, and Murban saw small gains on Friday, reflecting positive trends for…

Outlook on Fuel Availability in the Americas

The fuel availability outlook across the Americas indicates a generally positive situation, particularly in Houston, where bunker fuel supply is…

Singapore Port to Permit Bunker Tankers for Transporting Marine Biofuels

The Maritime and Port Authority of Singapore (MPA) has released an update for all licensed bunker suppliers and bunker craft…

China’s Crude Oil Imports Decline in Early 2023 Due to Sanctions and Port Restrictions

China’s crude oil imports decreased by 5% in January and February 2025 compared to the same period last year, as…

Russia hints at OPEC+ oil output reversal; Kazakhstan commits to production cuts, reports Hellenic Shipping News.

Russia’s Deputy Prime Minister Alexander Novak announced on Friday that the OPEC+ group has agreed to increase oil production starting…

US Crude Exports to India Reach Highest Level in Two Years Amidst Russia Sanctions in February

U.S. crude oil exports to India reached their highest level in over two years in February, following increased sanctions on…

AET and Fleetzero Partner to Create the World’s Longest-Range Hybrid Electric Vessel

AET, a prominent global owner and operator in maritime transportation, has partnered with Fleetzero, a company specializing in modular marine…

Record Increase in China’s Coal Imports, Yet Outlook Faces Growing Risks

China’s coal imports have reached a record high during the January-February period, rising 2.1% year-on-year to 76.12 million metric tons,…