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oil news Archives - Page 3 of 22 - Alessandro Bazzoni

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BlueYield Dumps Tanker Exposure, Doubles Down on Dry Bulk and Offshore

The Swedish maritime investment company BlueYield has significantly altered its portfolio by increasing its exposure to dry bulk and offshore shipping while heavily cutting its exposure to tanker and container…
Alessandro
AlessandroJune 23, 2026
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Dangote Refinery Runs Above Capacity as Feedstock Imports Top 1.4 Billion Litres

The Dangote Refinery imported 1.46 billion litres of intermediates and gasoline blendstock between January and May. Despite increased crude oil access, the refinery continues to rely on imported intermediates to…
Alessandro
AlessandroJune 22, 2026
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China Holds the Key to Venezuela’s Debt Future

Venezuela’s debt to China is a major hurdle that complicates the restructuring of its estimated $150 billion to $200 billion total external debt. While China holds a relatively small portion…
Alessandro
AlessandroJune 22, 2026
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The $500,000-a-Day Tanker Boom Nobody Expected

During the 2026 Strait of Hormuz crisis, Very Large Crude Carrier (VLCC) freight rates famously defied gravity by skyrocketing to historic peaks of $400,000 to $500,000 per day—and later stabilizing…
Alessandro
AlessandroJune 16, 2026
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First Arctic LNG Cargo of 2026 Arrives in Kamchatka Weeks Ahead of Schedule

The first seasonal Russian liquefied natural gas (LNG) shipment of the 2026 sailing season via the Northern Sea Route (NSR) arrived at the Kamchatka Peninsula on Thursday, 11 June 2026.The…
Alessandro
AlessandroJune 11, 2026
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How Dangote Is Transforming Nigeria from Fuel Importer to Energy Export Powerhouse

The Dangote Petroleum Refinery has officially crossed a major operational threshold, processing 700,000 barrels per day (bpd) during performance testing. By outperforming its initial 650,000 bpd design capacity and breaking…
Alessandro
AlessandroJune 10, 2026
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Freedom of Navigation Is Not for Sale, Greek Shipowners Warn

The Union of Greek Shipowners (UGS) has strongly rejected any possibility of paying transit fees to navigate the Strait of Hormuz, stating there are no circumstances under which commercial shipping…
Alessandro
AlessandroJune 7, 2026
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Eni Approves $4 Billion Baleine Expansion to Triple Côte d’Ivoire’s Oil Output

Eni final investment decision (FID) for Baleine Phase 3 marks a massive $4 billion expansion that will triple Côte d’Ivoire’s oil production capacity and position the nation as a premier…
Alessandro
AlessandroJune 6, 2026
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US Moves to Reinstate Full Sanctions on Russian Oil as Market Conditions Stabilize

US Secretary of State Marco Rubio stated before the Senate Foreign Relations Committee that the United States intends to restate full sanctions against Russian oil and end current exemptions "as…
Alessandro
AlessandroJune 3, 2026
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BP Explores £2 Billion North Sea Sale as UK Energy Policies Bite

BP is actively considering a complete exit from the UK North Sea following tax increases and regulatory shifts. The energy major recently held advanced talks with Ithaca Energy to sell…
Alessandro
AlessandroJune 3, 2026
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