Tuesday, December 2, 2025

Oil

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Oil

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...

Oil barrels at sea soar to most since 2023 as supply glut looms

The amount of oil on tankers plowing the world’s oceans climbed to the highest in more than two years, the latest indication of swelling...

OPEC+ plans another oil output hike in November, sources say

OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices...

US pressures European leaders over Russian oil purchases

U.S. President Donald Trump told European leaders on Thursday that Europe must stop buying Russian oil that he said is helping Moscow fund its...

Shell enters into an agreement for employment of MOL Group’s CTV off the Coast of Brazil

Mitsui O.S.K. Lines announced that a cargo transfer vessel owned by its wholly owned subsidiary SeaLoading Holding AS will be shared by TotalEnergies EP...

EU to buy $750 billion of US energy in trade agreement

The EU has agreed to buy $750 billion worth of energy from the US as part of the two sides’ trade agreement, which could...

Video

Latest Articles

Finance & Economy
Shipping News
Ports

Hafnia delivers strong Q3 earnings

Hafnia Limited announced strong earnings for the Q3.

NAT: Increased dividend and solid prospects

Nordic American Tankers increased dividend and solid prospects. “The direction of NAT is on the upswing. Safety for crew, safety for ships and dividends remain...

Globus releases financial results; hails “nimble chartering strategy”

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated financial results for the third quarter and nine-month period ended September 30,...

Havila Kystruten AS: Completion of Comprehensive Debt Refinancing

Havila Kystruten AS announces that the previously disclosed EUR 456 million refinancing has now been completed. Closing took place on 24 November 2025 following...

CMB.Tech more than doubles revenue in Q3

CMB.TECH NV reported its unaudited financial results today for the third quarter ended 30 September 2025. HIGHLIGHTSFinancial highlights: Profit for the period of 17.3 million USD...

Cruise Saudi welcomes Celestyal on its maiden call to Jeddah with plaque exchange

Celestyal has marked its first ever visit to Jeddah, Saudi Arabia, with a traditional...

Greece ranks fourth in IMO Council election with 153 votes

Greece was ranked 4th place in Category A of the IMO Council, with 153...

Strong capesize rates propel Baltic index to near 2-year high

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting...

Russia fails to win back seat on UN shipping agency’s council

Russia failed on Friday to win enough votes to rejoin the U.N. shipping agency's...

Celestyal hails record-breaking Mediterranean and Adriatic season

Celestyal has concluded its most successful Mediterranean and Adriatic season on record, with the...

Port of Newcastle reopens after climate protesters block shipping channel

One of Australia’s biggest coal export ports resumed operations on Monday, the port operator said, after climate-change protesters disrupted shipping at the Port of...

DP World’s Antwerp gateway nears completion Of €230m expansion plan as it marks 20 year anniversary

DP World Antwerp is on the verge of finalising a €230 million expansion plan to boost capacity by 30% in 2026, reinforcing the Port...

AD Ports Group sells 9.77% stake in NMDC Group to Alpha Dhabi Holding for AED 1.6 Billion

AD Ports Group, a leading global facilitator of trade, logistics, and industry, announced the sale of its 9.77% stake in NMDC Group PJSC, a...

MSC Group to boost trade connectivity for Bangladesh with Inland Terminal Investment

MEDLOG, the global logistics operator and part of the MSC Group of companies, has signed an important concession agreement to operate the Pangaon Inland...

Egypt: Petroleum Ministry, SCA pen deal for LNG fueling station in Port Said

The Ministry of Petroleum and Mineral Resources and the Suez Canal Authority (SCA) signed a memorandum of understanding (MoU) to establish a liquefied natural...