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June 16, 2026
Abu Dhabi National Oil Company has sold 30 million barrels of spot oil to Asian refiners and traders this month, and is offering more this week. This will boost exports in the wake of the U.S. - Iran ceasefire. The United Arab Emirates producer sold cargoes containing Das…
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June 16, 2026
Never bet against Donald Trump. Oil market made a bet from the first day of the Iran War: the U.S. President would not let the conflict spiral into an economic crisis. The traders would not price in a single barrel, regardless of what happened with the physical supply.
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June 12, 2026
Energy Secretary Chris Wright said on Friday that U.S. refiners could still process more Venezuelan heavy oil, as the South American nation's output jumped after the U.S. captured President Nicolas Maduro in January. Facilities on the Gulf Coast also made adjustments to handle higher volumes.
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June 11, 2026
India's shipping ministry announced that it had?ordered all its agencies to be prepared for any occurrence involving Indian seafarers, or maritime interests. This follows three U.S. attacks this week on Indian-crewed tankers, one of which resulted in the death of three sailors.
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June 8, 2026
The European Union announced on Monday that it had imposed sanctions?on two Iranians and a unit of 'Islamic Revolutionary.Guard.Corps, for threatening?freedom of maritime traffic?in the Strait of Hormuz. Around a fifth of world oil passes through the Strait of Hormuz.
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June 8, 2026
The market is surprisingly calm despite the biggest oil supply shock since decades. There's no end in sight, as neither Iran nor the U.S. are willing to compromise. This disconnect is a reflection of an uncomfortable truth: The biggest drivers in today's energy markets are unknowns.
Posted to Maritime Reporter
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June 8, 2026
The largest oil supply shock since decades is now in its fourth month. There's no end in sight, as neither the U.S. or Iran seem willing to compromise. Yet the market has settled into a eerie calm. This disconnect is a reflection of an uncomfortable…
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May 28, 2026
TotalEnergies, the French oil major, bought large quantities of Middle East crude in march after its traders saw the U.S. Navy assembling ships near the Gulf in early February. Our oil traders, who are doing their jobs, noticed the U.S. Navy massing ships in the Persian Gulf during February.
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May 27, 2026
Three government officials said that Italy is investigating whether China's investors in Ferretti yacht manufacturer violated golden power rules designed to protect strategic?assets, by failing to reveal their full?"shareholding"?to Italian authorities.
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May 22, 2026
Ship-tracking data revealed on Friday that a third Qatari LNG tanker was transiting the Strait of Hormuz, heading towards China. A Qatari negotiation team had arrived in Tehran, to assist with a deal ending?the Iran war. This 'third transit'…
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May 21, 2026
A European diplomat in Washington demanded an answer from the U.S. government when Donald Trump said on April 7 to Iran that "a civilization will die tonight." The diplomat was concerned about the possibility of the president using a nuclear weapon.
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May 21, 2026
Oil industry showed remarkable resilience when faced with the biggest?energy shock in modern times, pulling many levers to soften the blow from the Iran War. The global market could be months away from breaking point if there is no breakthrough in peace talks.
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May 13, 2026
Data from the Petroleum Association of Japan showed that Japanese refineries processed oil at over 70% of their capacity for the first since March. This was due to crude being released from their stockpiles, and other alternative sources. Japan…
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May 4, 2026
Trade sources reported that 'Indian traders are now exporting wheat to Asia and the Middle East for a first time in 4 years. Sources declined to identify themselves as they were not authorized to speak to media. ITC didn't immediately respond to an inquiry for comment.
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May 2, 2026
Donald Trump, the U.S. president, said that he had been informed about a possible deal with Iran but was awaiting the precise wording. He also warned of the possibility of resuming military strikes against the country in the event of Tehran's misbehavior.
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May 2, 2026
A senior Iranian official said on Saturday that a proposal from Iran, which has been rejected by U.S. president Donald?Trump so far, would end the U.S. ban on Iran and open the Strait of Hormuz to shipping. Talks on Iran's nuclear program could be held later.
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April 30, 2026
Iran announced on Thursday that it would respond to any new attacks by Washington with "long, painful'strikes'" and reasserted control over the Strait of Hormuz. This complicates U.S. plans to form a coalition in order to reopen this?waterway.
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April 30, 2026
Ukraine's top prosecutor and foreign minister said Thursday that a vessel containing grain, which Ukraine claims was stolen from areas under Russian occupation, will not be unloaded in Israel. This came after Kyiv asked Israel to seize this cargo.
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April 30, 2026
Israeli media reported on Thursday that a vessel carrying grain that Ukraine claims was stolen by Russia will not unload its cargo in Israel. Kyiv had asked Israel to seize the cargo. The Jerusalem Post, among other outlets, cited a Grain Importers…
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April 30, 2026
According to a cable from the State Department, the U.S. is pushing other countries to create an international coalition in order to restore freedom of movement in Strait of Hormuz. This comes as oil prices have risen to their highest level…
