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March 24, 2025
Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.
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March 10, 2025
Vitol CEO Russell Hardy stated on Monday that the recent slowdown in economic growth, both in China and worldwide, has had a negative impact on oil demand. Benchmark oil prices fell to a three-year-low of $68.33 per barrel last week, and traded below $70 on Monday.
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March 10, 2025
The Maritime and Coastguard Agency announced on Monday that Britain's Coastguard was responding to reports about a collision involving a cargo vessel and a tanker off England's Northeastern Coast. The agency reported that a helicopter, fixed-wing aircraft and lifeboats…
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March 6, 2025
Ship tracking data revealed that U.S. crude oil exports to India reached their highest level in two years last month, as refiners sought alternatives to Russian tankers and producers after the U.S. tightened sanctions. Kpler's ship tracking data showed that the U.S.
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February 20, 2025
The first meeting between Russia and the United States since the beginning of the Ukraine conflict was held to restore relations and prepare the ground for a peaceful resolution. What has been discussed so far? UKRAINE WAR Donald Trump, the U.S. president, says that he wants a quick end to the war.
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February 5, 2025
Hapag-Lloyd, a container shipping liner, will be able cope with U.S. Tariffs on Chinese Products. This was the chief executive's message to reporters on Tuesday. Rolf Habben Jansen, CEO of Rolf Habben Jansen, said that it was too early to panic…
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January 28, 2025
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. The cryptocurrency exchange KuCoin has pleaded guilty to allegations that it was operating as a money-transmitting company without a license in the U.S.
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January 14, 2025
Bretana crude, a niche oil from Peru, is becoming increasingly popular in the United States. The first cargo was discharged in the U.S. Gulf Coast last month. U.S. refiners are looking for alternatives to Mexican heavy crude. Bretana is a heavy…
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December 23, 2024
Mosaic Fertilizer said that its sales of phosphates and potash fell in the first two quarters of the fourth year compared to the previous one. The company reported that the phosphate sales volume for October and November fell 7.2%, to 946 000 tonnes…
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November 19, 2024
The agricultural firm Louis Dreyfus announced on Tuesday the construction of a new transshipment sugar terminal in Brazil's Sao Paulo State, which is expected to be finished by mid-2025. Executives from the company claim that the new terminal…
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November 14, 2024
Hapag-Lloyd's CEO said that Donald Trump's election as U.S. president sends mixed signals to global shipping. Positive macroeconomic effects could be offset by damaging tariffs. When asked about the prospects of a Trump Administration, CEO Rolf Habben Jansen said…
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November 10, 2024
Al Masirah TV (the main Houthi-run television news outlet) reported Sunday that the United States and Britain conducted raids in the Yemeni capital Sanaa and the Amran Governorate, among other areas. Residents and media from the Houthi group claimed that nine raids targeted Sanaa and its suburbs…
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October 23, 2024
The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.
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October 8, 2024
Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.
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October 3, 2024
In the wake of a recent strike in U.S. East Coast and Gulf Coast ports, olive oil exporters from Spain, the largest producer in the world, warned that there were no viable alternatives to reach the lucrative U.S. market. Asoliva, the Spanish association of olive oil producers and exporters…
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October 1, 2024
CNBC, citing a spokesperson for the company, reported Tuesday that Danish drugmaker Novo Nordisk had mitigation plans in place in order to minimize or avoid any disruption in its production caused by sea port strikes in United States. Reports…
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September 30, 2024
LSEG data revealed on Monday that the Pioneer tanker sanctioned by America for its links with Russian-sourced liquefied gas (LNG) has passed through Suez Canal carrying an LNG cargo. It was not immediately known where the LNG-flagged Pioneer would be heading or what its source was.
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September 25, 2024
Haitian Prime Minister Garry Conille stated on Wednesday that the Caribbean nation is still far from winning its battle against armed groups who control the majority of the capital. A deadline set by the United Nations for the long-delayed assistance fast approaches.
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August 12, 2024
The United Kingdom Maritime Trade Operations agency (UKMTO), said Tuesday, that a ship's crew reported an explosion 63 nautical mile southwest of Yemen's Hodeidah. In a note of advice, the agency stated that the vessel and crew were safe and that the ship was proceeding to the next port.
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August 2, 2024
New Fortress Energy, a U.S.-based energy company, plans to ship the first LNG cargo to a Mexican port this month. The gas will be used to generate electricity. After long delays, the LNG plant located at Altamira off Mexico's Atlantic Coast…
