Category: News
March 20, 2025
News
PDVSA to Take Over Production, Refining, and Exporting of Crude Previously Managed by Chevron
Venezuela’s state-owned oil company, PDVSA, has devised three operational strategies to maintain its production and export of heavy oil following…
March 18, 2025
News
Foreign CEOs to Gather in China for Major Summit and Xi Jinping Meeting, Sources Reveal
Several foreign CEOs are set to travel to Beijing for a key development conference this month, where some may have…
March 18, 2025
News
Asia Distillates: Liquidity Declines as Traders Anticipate April Offers from China
Asia’s middle distillates markets experienced reduced activity after a busy session the previous day. The front-month east-west spread remained tight,…
March 18, 2025
News
MOL Energia Secures Long-term Charter of Two New VLECs with SCG Chemicals, ASEAN’s Leading Integrated Chemical Company
Mitsui O.S.K. Lines, Ltd. recently announced that its subsidiary, MOL Energia Pte. Ltd., signed long-term charter contracts with SCG Chemicals…
March 18, 2025
News
Dan-Bunkering Executes Union Bulk’s Inaugural Biofuel Operation in Singapore
Dan-Bunkering has successfully conducted Union Bulk’s inaugural bunkering of biofuel in Singapore. This significant operation, executed through a ship-to-ship (STS)…
March 18, 2025
News
Sources: China’s Possible Steel Output Reductions Bolster Iron Ore and Steel Markets
China’s consideration of reducing its crude steel production by 50 million metric tons in 2025 compared to 2024 has created…
March 18, 2025
News
China’s Global Times Issues Warning: US to Face ‘High Tariffs’ from Other Nations
China’s Global Times has issued a warning that the U.S. economy could face severe repercussions due to retaliatory high tariffs…
March 18, 2025
News
April Asian LNG Market Activity Soars as JKM Prices Decline from Recent Peaks
In April, the Platts Market on Close (MOC) for Asian LNG experienced a surge in activity, coinciding with a notable…
March 18, 2025
News
Middle East Crude Benchmarks Remain Stable as Basra Discounts Increase
Middle East crude benchmarks remain steady, with the Dubai benchmark showing little change on Tuesday. This stability is supported by…
March 18, 2025
News
Iron Ore Prices Stabilize Amid China’s Property Issues and Strong Steel Demand
Iron ore futures experienced a range-bound trading session on Tuesday, as market participants weighed the ongoing challenges in China’s property…