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April 16, 2026
The second energy crisis in four years has roiled global markets. Pakistan's and Bangladesh's experiences highlight the costs to emerging market nations of relying on imported fuels, and the need for cleaner power sources. In 2022, after the…
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April 15, 2026
Analysts said that Iran could withstand a total halt of oil exports for up to two months before it is forced to cut?production. This comes after the U.S. began blocking shipments into and out of its ports on April 13th. The blockade may prevent…
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April 9, 2026
?Commodities traders Glencore and Taiwan’s state refiner CPC chartered a vessel each to load Middle Eastern oil for Asia.?Vessels in the Gulf prepare?to leave via the Strait of Hormuz a day...after the 'ceasefire' in the U.S.Iran war. The two…
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on
April 8, 2026
According to LSEG and a shipping source, Glencore, a commodities trading firm, has chartered a Supertanker 'to load Middle Eastern crude oil for Asia. This is likely the first 'oil tanker destined for this route since the ceasefire of the U.S.Iran war.
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March 10, 2026
Sources say that a growing number of refineries in Southeast Asia, who are dependent on Middle East oil for their production, have reduced output due to the U.S./Israeli war against Iran. Sources say that the conflict has halted all shipments across the Strait of Hormuz.
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March 6, 2026
Fuel oil traders in Asia struggle to find alternative supplies as the Iran War curtails shipments through the Strait of Hormuz from Middle Eastern suppliers. This has prompted them to look for cargoes in the West. In the coming weeks, a'shortage' of Middle Eastern fuel oil will dent supply…
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February 26, 2026
LSEG data revealed that the cost of hiring a'very large crude carrier' to transport a?2,000,000 barrels a day from the?Middle East into?China on Thursday exceeded $200,000 a daily for the first since 2020. On the Worldscale industry measurement used to calculate freight rates…
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January 21, 2026
The Indonesian Attorney General's Office announced on Wednesday that it would auction an 'Iranian flagged supertanker' later this month. It was seized by Indonesian authorities in 2023, on suspicion of illegally transshipping crude oil. The MT Arman 114…
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September 12, 2025
Market sources report that Malaysia's Pengerang Refining Company, or Prefchem, has sold more fuel oil with low sulphur straight runs (LSSRs) in a Friday-closed tender, due to the fact that a refinery that processes this fuel remained closed.
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July 23, 2025
According to traders and LSEG, Saudi Arabia was the number one destination for Russian fuel oil and vacuum gasoline (VGO) seaborne exports in June. The hot summer required increased energy consumption. The Middle East and Asia became the primary…
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March 7, 2025
Trade and shipping data revealed that Russia's seaborne vacuum gasoil and fuel oil exports fell 15% from the previous months to around 3.3 millions metric tons in February due to lower production and weather conditions, including storms, delays and drone attacks.
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June 20, 2025
Trade and shipping data revealed that Russia increased its seaborne fuel oil exports and vacuum gasoil to India and Turkey during May, as the falling oil prices attracted buyers and the hot summer season demanded more fuel. The oil price fell…
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January 22, 2025
Sea coast, Houthiowned Al Masirah TV reported on Wednesday. Palestinian militant group Hamas. Council as saying. car provider's owner Galaxy Maritime. Houthi forces at sea on Nov. of war in Gaza. agreement. criminal activities and siege of the Gaza Strip, he said.
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December 23, 2024
( VGO) exports in November, according to traders and LSEG information. according to Reuters computations based upon LSEG data. products. million loads. million loads. according to market sources. refining feedstock swimming pool as more affordable alternative to Urals crude. also in China. Canal.
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August 29, 2024
next month, data from trade sources and shiptrackers revealed. information and two trade sources. rates, stated LSEG Oil Research study experts in an e-mail. , and major trader Trafigura, the information showed. ADNOC and Trafigura both declined to comment. did not react to an ask for comment.
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July 24, 2024
The MPA announced on Wednesday that Hafnia Oil Tanker owner Hafnia is in discussions with Singapore's Maritime and Port Authority about transferring damaged naphtha cargo to a secure location. On July 19, the tankers Hafnia Nile, flying the Singapore flag…
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July 23, 2024
Yemen's Houthi Rebels damaged and destroyed a container ship flying the Singapore flag with two missiles Friday, as they intensified their attacks against global shipping in response to Israel's Gaza War. The Houthis, who are aligned with Iran…
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July 23, 2024
Malaysia's Coast Guard said on Saturday one of two large oil tanks involved in an accident that resulted in fires on both vessels had left the scene of the accident. It was also believed that the tracking system of that tanker had been turned off.
