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April 28, 2026
The United Arab Emirates decision to leave OPEC is likely to have a dramatic impact on the producer group, which has been around for 65 years. It will also open the door to a price war when Gulf producers rush to regain their market share after the Iran conflict ends.
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April 28, 2026
United Arab Emirates' decision not to join OPEC will drastically reduce the producer group's 65-year influence on the oil market. This could lead to a price war once Gulf producers rush to regain their market share after the Iran War is over.
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April 28, 2026
Giles Scott, a British sailing expert, was named the new sailing director of American Racing Challenger Team USA on Tuesday. The team is ramping up its preparations for next year's America's Cup, which will be held in Italy. Scott, who has won two Olympic golds in the Finn class…
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April 28, 2026
The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vessel…
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April 27, 2026
The price of European wheat futures fell in Paris on Monday, as a strong euro weighed down on exports. Traders also expected that a large Saudi Arabian purchase of wheat would be sourced from the region around the Black Sea. Fresh signs that…
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April 27, 2026
Shipping data revealed a lull in activity over the last few days. However, the talks between Iran and the United States are still stalled. According to data from Kpler, and a separate satellite analysis by 'data analytics specialists SynMax'…
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April 27, 2026
British maritime security groups Vanguard & Ambrey reported that suspected 'pirates' boarded an unregistered general cargo ship flying the St. Kitts and Nevis flag off Somalia and were guiding it towards the Somali coast. Between 2008 and 2018…
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April 23, 2026
South Asia relies on imported energy for 95% of their needs. The price increases following the Middle East war have been devastating. Wind and solar energy, which are renewable, can help break this dependency. Solar power is the largest renewable energy source in Bangladesh…
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April 23, 2026
A tanker with a foreign flag delivered crude oil from Texas to an American refinery. A?temporary waiver granted by President Donald Trump on Thursday allowed a refinery to operate?on Friday?in order to combat price hikes and supply disruptions caused by the Iran War.
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April 23, 2026
In the past decade, we have seen a rapid series of energy crises around the world, fueled by extreme weather, military conflict and supply chain snarls. The highly interconnected oil and natural gas markets are fragmenting and the transition to a low-carbon economy is accelerating.
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April 22, 2026
Shipping executives at the FT 'Commodities - Global Summit on Wednesday said that Asian ship owners - who have a greater risk tolerance - may soon begin sailing through the Strait of Hormuz, despite a fragile ceasefire between the U.S. and Iran.
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April 22, 2026
Alexander Saverys, the CEO of Belgian shipowner CMB.Tech, said that 11 vessels powered by ammonia will be delivered between this summer and March next year, as part of their decarbonisation plans. Saverys, a reporter at the Singapore Maritime Week Conference…
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April 21, 2026
A federal judge in Boston on Tuesday blocked the administration of President Donald Trump from enforcing policies that, according to wind and solar energy industry groups, have stymied new energy generation. Denise Casper, the chief U.S. District Judge in Boston…
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April 20, 2026
The two largest shareholders of Ferretti filed rival slates of candidates for the renewal of the Italian Yacht Maker's Board on Monday, setting up a fight at the annual meeting of the company on May 14. Czech investor KKCG Maritime has submitted…
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April 20, 2026
These are the top business stories from the New York Times. These?stories have not been?verified' and?the?New York Times cannot vouch for the accuracy of these stories. After two months of war, sales in the Persian Gulf countries have plummeted. Chris Wright, U.S.
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April 17, 2026
Four energy sources reported that 'Iraq resumed its southern oil exports Friday, after a halt of more than a month caused by disruptions in shipping through the Strait of Hormuz. One tanker has begun to load crude. Iraqi ports & energy sources…
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April 17, 2026
Euronext Wheat fell on Friday as oil prices tumbled and Iran's announcement of a reopening of Strait of Hormuz raised expectations of an end to the Iran War. The strength of the euro against the dollar, which reached a new two-month high, has also impacted Euronext…
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April 17, 2026
Several dozen countries have said they are willing to 'join an international mission for the protection of?shipping along the Strait of Hormuz if conditions allow,' said Britain, at a time when Donald Trump, U.S. president, said he didn’t need any allies’ help.
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April 17, 2026
German Chancellor Friedrich Merz stated 'on Friday' that his country was "prepared" to contribute a mission that would ensure freedom of navigation through the Strait of Hormuz. Merz, along with his counterparts in France, Britain, and Italy…
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April 16, 2026
France and Britain are hosting a meeting of 40 countries on Friday. The purpose is to signal the United States that some of its closest allies will be'ready' to play a part in restoring the freedom of navigation through the Strait of Hormuz, once the conditions permit. Since the beginning of U.S.
