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June 2, 2025
Adani Group in India denied on Monday "any deliberate involvement" in sanctions evasion, or trade of liquefied gas with Iranian origin after Wall Street Journal reported U.S. prosecutors investigating whether Adani entities imported Iranian LPG to India through its Mundra port.
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May 30, 2025
The captain of the container ship which collided with a U.S. oil tanker near Britain's East Coast pleaded guilty to manslaughter through gross negligence in London on Friday. Vladimir Motin was a Russian citizen, aged 59. He was the captain…
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May 29, 2025
The U.S. Supreme Court gave a blow to environmentalists by allowing federal agencies the ability to limit their review of the environmental impact on projects that they regulate. However, the justices supported a Utah railroad project designed to transport crude oil.
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May 29, 2025
Boeing CEO Kelly Ortberg stated on Thursday that the company wants to increase 737 MAX production from the current mid-30s per month to 47 by the year's end. Boeing 737 production is currently capped at a monthly rate of 38 aircraft. This limit was imposed in 2024 by the U.S.
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May 28, 2025
European traders reported that Jordan's state grain purchaser purchased approximately 50,000 metric tonnes of animal feed barley on Wednesday in an international bid seeking up to 120,00 tons. The cargo was to be delivered in the first half September.
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May 27, 2025
European traders reported on Tuesday that SLAL, the Iranian state-owned animal feeding importer, is believed to be a buyer of an undetermined volume of animal feed barley, corn and soymeal, in international tenders that closed on Monday. The tenders sought 120…
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May 26, 2025
Maxim Reshetnikov, the Russian Economy Minister, urged on Monday that central banks take into consideration slowing inflation when they meet next week to set interest rate. He warned that Russia's cooling economic is showing signs "hypothermia".
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May 26, 2025
According to Sherif Farouk, the Minister of Supply, Egypt's wheat imports could be significantly reduced this year. Domestic procurement will reach 5 million metric tonnes, up from 3.5 million tons last year. "Increased wheat procurement is…
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May 26, 2025
European traders reported on Monday that the Iranian state-owned animal food importer SLAL had issued international tenders for up to 120,000 metric tonnes of animal feed corn and barley, as well as 120,000 metric ton of soymeal. They said that…
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May 23, 2025
Sovcomflot, Russia's largest tanker company, suffered a $393 million net loss in the first three months of the year. The group blamed the decline on the new Western sanctions, which have caused operational issues, reduced revenues, and the idleness of some sanctioned ships.
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May 22, 2025
Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…
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May 22, 2025
An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.
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May 22, 2025
Four market sources have confirmed that Russia, the largest wheat exporter in the world, has removed the minimum price recommendation for grain exporters until the end the export season, which is July 1. Sources said that the initial minimum price for May and Juni was $250 per metric ton.
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May 22, 2025
The transport ministry announced on Thursday that the South African government had agreed to provide a 51 billion rand ($2.8billion) guarantee facility for Transnet, a state-owned logistics company in financial trouble. Transnet has been struggling…
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May 22, 2025
Uganda's finance ministry announced that it had signed an agreement worth $800 million with the Islamic Development Bank for the support of projects, such as a railway project, which aim to boost trade in the country. The railway will link to Kenya's Standard Gauge Railway…
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May 21, 2025
Ambrey, a British maritime security company, said that a hijack signal sent by a Panamanian flagged petroleum products tanker near Iran was a false alert. Ambrey reported the incident on Tuesday, south of the busy Strait of Hormuz shipping lanes without naming "UAE-linked vessel".
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
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May 18, 2025
The Estonian Foreign Ministry reported that Russia had detained an oil tanker owned by Greece on Sunday, after it left a Baltic Sea port in Estonia. It also said it had alerted NATO of the incident. In a press release, the Ministry of Transport…
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May 17, 2025
Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…
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May 16, 2025
After an incident on the job, the Nigerian oil company Renaissance Energy said that it had halted the production of one line into the Trans Niger pipeline. This is a major oil route transporting crude oil from the onshore oilfields up to the Bonny terminal.
