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March 26, 2026
The Turkish transportation minister confirmed that a drone had struck a crude oil tanker from Turkey, which was leaving Russia. This caused an explosion near the Bosphorus Strait in Istanbul's Black Sea. Abdulkadir Uraloglu, the minister of transportation…
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March 26, 2026
Barclays stated on Thursday that the closure of the Strait o f 'Hormuz could lead to an estimated 13-14 million barrels of oil per day. They also noted that the disruption was massive, but the duration of it was uncertain. The bank believes…
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March 26, 2026
NTV reported that a Turkish crude oil tanker named the "Altura" was struck by a drone about '15 nautical miles (28 km) from Istanbul in the Bosphorus Strait. Its 27 crew members were unharmed. According to data from ship tracking, the vessel…
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March 25, 2026
Eduard Ruijs is the head of investment for Vitol. The company investing in this project, says that the final investment decision will be made in the Delfin LNG project, offshore Louisiana, in a few weeks or months. Ruijs said that the '13.2…
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March 25, 2026
The Government of National Unity in Tripoli (GNU) announced that the Libyan coast guard had 'begun towing' a damaged LNG?tanker, which several Mediterranean countries had warned was a risk to the environment after it drifted?unmanned? for weeks.
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March 25, 2026
European traders reported that Taiwan's MFIG buying group?bought 65,000 metric tonnes of?animal?feed corn expected to be sourced _from the United States?in an international tender held on Wednesday. The yellow corn purchased was at a premium estimated to be 199.95?U.S.
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March 25, 2026
The underwater business segment, which saw an 88% increase in revenue, was the main driver of this?fourfold? jump. The shares of the Trieste-based firm rose up to 7.5% after the results. State-controlled shipbuilder reiterated their 2026 'targets' for revenue between 9.2 and 9.3 billion euro…
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March 25, 2026
According to documents and data on shipping, U.S. suppliers shipped approximately 30,000 barrels of fuel this year to Cuba's private industry. This suggests a Trump administration plan to give the private sector a boost over state-run enterprises is in full swing.
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March 25, 2026
According to state media, an 'Iranian' military spokesman stated that the United States was negotiating with itself on a Wednesday, just a day after Donald Trump, U.S. president, said Tehran wanted to reach a deal in order to end the conflict in 'the Middle East.
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March 24, 2026
The Financial Times reported that Iran had told member states of the International Maritime Organization (IMO) that "non-hostile" vessels could transit the Strait of Hormuz as long as they coordinated with Iranian authorities. The U.S. and Israeli…
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March 24, 2026
?European Traders reported on Tuesday that Algeria's state grain agency OAIC had issued an international?"tender" to?buy flour milling. The tender stipulated shipment in two periods: June 1-15, and June 16-30. The traders stated that if the wheat is from South America…
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March 24, 2026
Vitol, a global?commodities?trading?house, said on Tuesday that it would increase its revenues and trade more oil by 2025 as compared to 2024. The firm reported that the trading house's turnover grew by 3.6% last year to $343 billion, with its…
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March 24, 2026
Shipping data show that Saudi Arabia's Red Sea Yanbu port exported nearly 4 million barrels of crude oil per day in the past week. This is a significant increase over exports before the Iran War broke out. Saudi Aramco is working on a plan that…
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March 24, 2026
The estate of the late British tech tycoon, 'Mike Lynch' was denied permission to appeal on Tuesday against a ruling by London High Court which found that he had been liable for Hewlett Packard Enterprise in relation to its acquisition of his company?Autonomy. Hewlett-Packard, the U.S.
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March 24, 2026
Reliance Industries in India, the operator of the largest refining facility in the world, has purchased 5,000,000 barrels of Iranian oil days after the U.S. lifted temporary sanctions on the oil. Two sources confirmed that the Indian refiner purchased the oil from National Iranian Oil Co.
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March 23, 2026
A man arrested in Scotland last week on suspicion of trying to enter Britain's nuclear sub base has been released pending further investigations, Scottish prosecutors announced Monday. A 34-year old man and a 31 year-old Romanian woman were…
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March 23, 2026
On Monday, the United States and French energy giant TotalEnergies announced that they would redirect nearly $1 billion in offshore wind leases towards U.S. production of oil and gas. The agreement represents a new approach in the Trump Administration's…
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March 23, 2026
Keir Starmer, Britain's Prime Minister, said on Monday that his government may re-examine the powers of the Competition Regulator to combat price gouging in the energy market. Starmer, a member of a parliamentary committee, said: "We are looking at ways to combat 'profiteering.
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March 23, 2026
Keir Starmer, British Prime Minister, said on Monday that Britain must prepare for the possibility that a war with Iran could last for some time. He added that there were no "meaningful" concerns about energy supply. Starmer said that the emergency…
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March 23, 2026
TotalEnergies, a French and American energy company, announced on Monday that they would divert?nearly 1 billion dollars?from offshore leases towards U.S. oil & natural gas production. This deal is the latest blow for the U.S. offshore industry…
