Wednesday, February 4, 2026

Oil

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Oil

World Oil market faces significant surplus in first quarter, IEA says

The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so...

Vitol to load first diluent cargo under Venezuela supply deal

Commodities trader Vitol is expected to load the first cargo of naphtha from the U.S. to Venezuela this weekend under a new supply agreement...

BP p.l.c. announces leadership transition

BP p.l.c. announces that the bp Board has appointed Meg O’Neill as bp’s next chief executive officer, effective 1 April 2026. Murray Auchincloss has...

Thailand considers blocking fuel exports to Cambodia as border conflict escalates

Thailand’s military said it was considering blocking fuel exports to Cambodia, as fighting between the two countries spread to coastal areas of a disputed...

Russia oil revenue falls by a third on weak crude, strong ruble

The Russian government’s oil proceeds shrank by almost a third in November from a year ago as weaker crude prices and a stronger currency...

Vitol completes largest VLSFO bunkering op in Pakistan with Singapore-flagged barge

Marine fuel supplier Vitol Bunkers on Monday said it has supplied the largest VLSFO stem to date in Pakistan, to a vessel owned and...

Exclusive: Chevron joins race to explore potential purchase of Lukoil assets, sources say

U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told...

Lukoil operations face fallout from Trump sanctions, Gunvor drops bid

Lukoil's international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business with the Russian oil company looms...

Bahri renews 10-year contract of affreightment with S-Oil Corporation Transport Crude Oil Cargoes

Bahri, the Kingdom’s leading shipping and logistics provider, announced the renewal of its long-term Contract of Affreightment (COA) with S-Oil Corporation one of South...

Colombia’s Ecopetrol to launch bidding for Covenas regasification project

Colombian state-run oil company Ecopetrol, opens new tab is set to launch the bidding process later this month for a regasification project at its...

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Dorian LPG declares irregular cash dividend of $0.70 per share

Dorian LPG, a leading owner and operator of modern and ECO very large gas carriers,  announced that its Board of Directors has declared an...

Nordea shipping loan book grows in fourth quarter

Nordea published the fourth-quarter and full-year financial report.

Royal Caribbean Group reports 2025 results, issues 2026 guidance

Royal Caribbean Group reported 2025 Earnings per Share of $15.61 and Adjusted EPS of $15.64. These results were better than the company's guidance primarily...

Milaha announces 13% growth in its net profit for 2025, reaching QR 1.271 billion

Qatar Navigation Q.P.S.C. (“Milaha”) announced its financial results for the year ended December 31, 2025.Key financial highlights: - Operating revenues of QAR 3.33 billion for...

Stolt-Nielsen limited reports fourth quarter net profit of $59.6 million

Stolt-Nielsen Limited reported unaudited results for the fourth quarter and full year ended November 30, 2025. The Company reported a fourth-quarter net profit of...

Celestyal launches limited time ‘Flash Sale’ on select itineraries

Celestyal has launched a limited time ‘Flash Sale’, running until February 6, 2026, on...

Intermodal Weekly Market Report [W5]

 Europe’s decision to formally sever its remaining gas ties with Russia marks the end...

Celestyal launches two new repositioning cruises

Celestyal has announced two new Athens to Jeddah, Saudi Arabia sailings for their 2026...

Celebrity River Cruises announces 10 more ships, and opens 2028 European deployment with 80%...

Celebrity River Cruises announced a commitment for 10 new ships that will expand its...

Greek flag maintains top-tier status in global shipping register

Greece remains on the list of the world’s “elite” flag states, in terms of...

Haskoning acquires Portwise

International consulting engineering company Haskoning announced the acquisition of Portwise, a world-leading consultancy active in planning and simulation of ports and terminals. Portwise is...

CK Hutchison launches arbitration over Panama Canal ports contract ruling

Hong Kong's CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country's top court...

Wallenius Wilhelmsen begins official operations at the Gothenburg terminal

Today marks the official start of Wallenius Wilhelmsen operating the Gothenburg International Auto & RoRo Terminal (GIART), a milestone that lays the groundwork for...

APM Terminals willing to operate Balboa and Cristobal ports in Panama to support operational continuity

Following the recent announcement from the President of the Republic of Panama Jose Raul Mulino regarding the Balboa (Pacific) and Cristobal (Atlantic) terminals, APM...

Panama Canal ports will keep operating after court finds concession unconstitutional, president says

Panama’s president moved to assure the public on Friday that critical ports at both ends of the Panama Canal will continue to operate without...