Thursday, April 30, 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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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...