Posted to Maritime Reporter
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January 9, 2026
Energy Secretary Chris Wright told reporters that there is a "real possibility" the U.S. might use its Export-Import Bank to 'fund large oil projects' in Venezuela. This was before President Donald Trump met with industry executives later on Friday.
Posted to Maritime Reporter
on
October 10, 2025
The differential between Brent and Urals crudes dated Friday remained stable, but Russia's oil imports from western ports are expected to remain close to their record high for October, according both to industry sources as well as calculations.
Posted to Maritime Reporter
on
September 9, 2025
The differentials between Brent and Urals crudes in Russia were not much changed on Tuesday, while the oil exports at the Caspian pipeline consortium (CPC) terminal remained stable despite a spill of oil that occurred late August. CPC Blend…
Posted to Maritime Reporter
on
January 28, 2025
Five engineers at the facility said that local protesters stopped the loading of crude oil onto tankers in the ports of Es Sidra and Ras Lanuf, Libya, on Tuesday. In a letter addressed to the state-run National Oil Corporation of the country last week…
Posted to Maritime Reporter
on
December 26, 2024
Abdel Fattah al-Sisi, Egyptian president, said that the Red Sea events and regional challenges will cost Egypt $7 billion in revenue from the Suez Canal by 2024. Sisi, in a statement without giving any details, said that Egypt lost 60% of its canal revenues between 2024 and 2023.
Posted to Maritime Reporter
on
July 23, 2024
The Suez Canal’s annual revenue fell by almost a quarter during its most recent financial year, as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head…
Posted to Maritime Reporter
on
July 2, 2024
Italian customs and police said that they intercepted two Chinese military drones disguised as wind-turbine equipment and bound for Libya. A joint statement stated that the drones had been disassembled and were hidden in six containers in the port of Gioia Tauro, in the southern region Calabria.
