World Fuel, West Coast Clean Fuels Launch US Methanol Bunkering Service
World Fuel Services and West Coast Clean Fuels have established a methanol bunkering capability for vessels across U.S. ports, following a pilot fuel delivery in South Florida.The companies said the over-the-water methanol bunkering operation demonstrated a scalable and regulatory-compliant solution that is now ready for wider deployment.The capability includes U.S. Coast Guard-approved procedures, trained personnel and purpose-built equipment, enabling shipowners and operators…
Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT. U.S. West Texas Intermediate crude CLc1 futures were up $7.06, or 7.1%, at $107.18 per barrel.Both benchmarks were heading for the biggest daily gains, in both absolute and percentage terms, in three weeks, though they remained…
Vice Adm. Joe Buzzella Assumes Command of USCG Pacific Area and Defense Force West
The U.S. Coast Guard (USCG) held a formal assumption of command ceremony for Vice Adm. Joe Buzzella as he assumed the duties and responsibilities of U.S. Coast Guard Pacific Area and Defense Force West Commander during an event Thursday, at Coast Guard Island in Alameda.Adm. Kevin Lunday, commandant of the U.S. Coast Guard presided over the ceremony. Senior Coast Guard leadership and distinguished guests joined in recognizing Vice Adm. Buzzella’s commitment to leading the Service.Vice Adm.
US Gulf Coast Tanker Availability Drops as Asia, Europe Seek to Replace Middle East Supply
Oil tanker availability along the U.S. Gulf Coast has dropped sharply in recent weeks, as Asian and European refiners cut off from Middle Eastern supply have been snapping up vessels to import oil and fuel from the United States, shipping analysts and traders said.The Iran war has stalled tanker movements through the Strait of Hormuz, curbing the flow of Middle Eastern oil to Asia and Europe, and prompting refiners there to buy replacement barrels from the United States, Brazil and West Africa.Wider discounts on U.S.
Sarens Helps Atlantic Canada Bulk Terminal Undergo Adaptation as Hub for Offshore Wind
Located in Sydney, Nova Scotia, Canada, the Atlantic Canada Bulk Terminal (ACBT) has undergone a transformation to adapt its facilities to the evolving needs of the offshore wind industry. This evolution is vital for future Canadian Offshore Wind developments, such as Nova Scotia Wind West. Consequently, the terminal has shifted from a facility dedicated exclusively to the steel industry and material storage to become one of the most important strategic hubs in the North Atlantic.Sarens…
Two Chinese Container Ships Pass Through Strait of Hormuz After Second Attempt
Two Chinese container ships sailed through the Strait of Hormuz on Monday on their second attempt to leave the Gulf after turning back on Friday, ship-tracking data showed.The critical waterway has effectively been shut since the U.S.-Israeli war with Iran began on February 28.The vessels sailed in close formation out of the strait and into open waters, data on the MarineTraffic platform showed."Both vessels successfully crossed on a second attempt today, marking the first container vessels to leave the Persian Gulf since the start of the conflict, excluding Iranian flag vessels," said Rebecca
Brent Oil Prices See Monthly Rise as Houthi Attacks Widen Gulf Conflict
Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war by launching their first attacks on Israel.Brent futures rose 66 cents or 0.6% to $113.23 a barrel at 1031 am ET (1431 GMT) after settling 4.2% higher on Friday. U.S. West Texas Intermediate futures were up $2.2 or 2.2%, at $101.83 after gaining 5.5% in the previous session.Brent has soared by about 58% this month, the steepest monthly jump in LSEG data going back to 1988, exceeding gains made during the 1990 Gulf War. U.S.
Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows
Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.Brent crude futures LCOc1 jumped $3.94, or 3.5%, to $116.51 a barrel at 0703 GMT after settling 4.2% higher on Friday.U.S. West Texas Intermediate CLc1 was at $102.14 a barrel, up $1.86, or 1.87%, following a 5.5% gain in the previous session."The market has all but discounted the prospect of a negotiated end to the war…
Cyclone Disrupts Australia’s Biggest LNG Plants, Strains Global Market
A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia became the world’s second-largest LNG exporter after Qatar shut down production this month following damage to its facilities from Iranian strikes. Global LNG flows out of the Middle East have also been upended by Iran’s blockage of…
Oil Rises as Ceasefire Optimism Fades
Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures CLc1 were up $1.93, or 2.14%, at $92.25 a barrel.Both benchmarks slumped more than 2% on Wednesday.Iran is still reviewing a U.S. proposal to end the war, but has no intention of holding talks to end the Middle East conflict, Iran's foreign minister said on Wednesday.U.S.
India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy purchases from Iran in 2019 under pressure from Western sanctions. The tanker was initially bound for China, according to LSEG data.Sanctioned tanker Aurora carrying Iranian LPG is expected to shortly reach the west coast port of Mangalore, the sources…
Oil Prices Fall 4% as US Proposes Iran Peace Plan
Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96, or 3.8%, to $100.53 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S. West Texas Intermediate (WTI) crude fell $3.57, or 3.9%, to $88.78.Pakistan has delivered a U.S. proposal to Iran, and either Pakistan or Turkey could be a venue for discussions to de-escalate the war, a senior Iranian…
Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears
Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LCOc1 fell $4.17, or 4%, to $100.32 a barrel by 0708 GMT, after declining to as low as $97.57. U.S. West Texas Intermediate crude CLc1 futures were down $3.11, or 3.4%, at $89.24 a barrel, after falling to as low as $86.72.Both benchmarks rose nearly 5% on Tuesday…
China Mapping Ocean Floor Ready for Submarine Warfare
China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.In one example, the Dong Fang Hong 3, a research vessel operated by Ocean University of China, spent 2024 and 2025 sailing back and forth in the seas near Taiwan and the U.S. stronghold of Guam, and around strategic stretches of the Indian Ocean, ship-tracking data reviewed by Reuters shows.
Saudi Aramco Increases Crude Oil Exports from Yanbu Sea to Compensate for Hormuz Closure
Crude oil exports from Saudi Arabia's Red Sea Yanbu port rose to nearly 4 million barrels per day last week, a sharp increase from export levels before the Iran war broke out, shipping data shows.The jump shows that Saudi Aramco, the world's biggest oil exporter, is making progress on a plan to send crude along its East-West pipeline to Yanbu to keep supplies flowing and offset the effective closure of the Strait of Hormuz due to the conflict.Aramco can pump up to 7 million bpd to Yanbu through the pipeline…
Dixstone Receives Third Offshore Support Vessel From Holland Shipyards Group
Holland Shipyards Group announced the successful delivery of Men Skey, the third and final Offshore Support Vessel (OSV) in a series of three built for Dixstone. Following the delivery of Men Cren and Men Goe earlier in 2025, this milestone marks the completion of the offshore newbuild program.With Men Cren already delivered as the first vessel in the series and both sister vessels currently operating successfully along the coast of West Africa, Men Skey will soon join them to further strengthen Dixstone’s offshore support activities in the region.The three shallow draft (max.
China Maps Ocean Floor as It Builds Submarine Warfare Capability
China is conducting a vast undersea mapping and monitoring operation across the Pacific, Indian and Arctic oceans, building detailed knowledge of marine conditions that naval experts say would be crucial for waging submarine warfare against the United States and its allies.In one example, the Dong Fang Hong 3, a research vessel operated by Ocean University of China, spent 2024 and 2025 sailing back and forth in the seas near Taiwan and the U.S. stronghold of Guam, and around strategic stretches of the Indian Ocean, ship-tracking data reviewed by Reuters shows.
Oil Rises as Iran Denies US Talks, Supply Risks Persist
Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%, to $102.83 a barrel at 0710 GMT, while U.S. West Texas Intermediate (WTI) CLc1 climbed $2.49, or 2.8%, to $90.62.Crude futures dropped more than 10% on Monday, after Trump ordered a five-day delay to attacks on Iran's power plants, saying the U.S.
Hadrian Opens Alabama Facility to Support Submarine Production
Manufacturing company Hadrian has opened a new facility in Cherokee, Alabama dedicated to the U.S. Navy's Columbia- and Virginia-class submarine programs.Known as Factory 4, the Cherokee facility is an advanced, highly automated manufacturing plant that will mass-produce components needed for submarine construction, including parts, assemblies, and finished products.These products have been identified by the industry as the largest drivers of submarine schedules, so increasing…
African Bunkering Hubs Gain as Ships Reroute Around Cape
Ship-refuelling companies along Africa's coast are seeing a surge in business as more vessels divert around the Cape of Good Hope, with war in the Middle East reshaping global shipping routes and boosting the continent's role as a bunkering hub.Carriers have been avoiding the Suez Canal and the Bab el-Mandeb Strait since late 2023, when Houthi attacks on Red Sea shipping began. U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz have reinforced the shift,…
Oil Prices Drop 8% Ahead of Possible Middle East Peace Talks
Oil prices dropped about 8% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days and cited constructive talks to resolve hostilities in the Middle East, hours before a deadline that threatened to escalate the four-week-old war.Brent futures fell $8.92, or 8.0%, to $103.27 a barrel at 12:31 p.m. EDT (1631 GMT), while U.S. West Texas Intermediate lost $7.17, or 7.3%, to $91.06.Extreme price changes in…
Bunkering Hubs Along African Coast See Surge as Vessels Reroute
Ship-refuelling companies along Africa's coast are seeing a surge in business as more vessels divert around the Cape of Good Hope, with war in the Middle East reshaping global shipping routes and boosting the continent's role as a bunkering hub.Carriers have been avoiding the Suez Canal and the Bab el-Mandeb Strait since late 2023, when Houthi attacks on Red Sea shipping began. U.S. and Israeli strikes on Iran and the closure of the Strait of Hormuz have reinforced the shift,…
US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher
U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wager has only partly paid off. U.S. oil prices have risen less sharply than those elsewhere since U.S.-Israeli air strikes against Iran on February 28 ignited a regional war that rapidly engulfed the Middle East’s energy infrastructure…