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…
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…
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…
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…
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…
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…
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…
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…
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…
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…