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Friday, December 13, 2024
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Oil

U.S. calls on OPEC and its allies to pump more oil

U.S. President Joe Biden’s top aides are pressuring OPEC and its allies to boost oil output to tackle rising gasoline prices that they see...
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China goes from driver to brake for crude oil, iron ore and copper

China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend...
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Saudi Arabia raises Sept crude prices to Asia

Saudi Arabia raised on Wednesday the September official selling prices for all crude grades it sells to Asia for a second month, three sources...
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Saudi Arabian crude oil exports hit four-month high in May

Saudi Arabia’s crude oil exports rose in May to 5.649 million barrels per day (bpd), their highest level in four months, Joint Organisations Data...
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OPEC+ agrees oil supply boost after UAE wins argument with Saudi

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global...
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Brent crude oil price forecast to average $72/barrel in 2H21

In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half...
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Goldman sees crude oil output path uncertain as OPEC+ talks cease

Goldman Sachs said the collapse of OPEC+’s oil output talks have introduced uncertainty into the group’s production path, while maintaining its view of $80...
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Asian oil buyers fret over margin impact of cancelled OPEC+ meeting

Crude oil buyers in Asia are concerned that an unexpected cancellation of an OPEC+ meeting to discuss a rise in output could drive oil...
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OPEC+ abandons oil policy meeting after Saudi-UAE clash

OPEC+ ministers called off oil output talks on Monday after clashing last week when the United Arab Emirates balked at a proposed eight-month extension...
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Castor Maritime announces the acquisition of a majority stake in MPC Münchmeyer Petersen Capital AG

Castor Maritime, a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase...

Toro announces the provision of a senior term loan to Castor Maritime

Toro Corp., an international energy transportation services company, announces the agreement to provide a $100 million senior term loan facility to Castor Maritime. The...

Scorpio Tankers announces commitments for new $500.0 million Revolving Credit Facility

Scorpio Tankers announced that it has received commitments from a group of financial institutions for a revolving loan of up to $500.0 million (the...

TUI reports strong earnings growth from cruise business

The German travel giant TUI Group reported earnings growth from its cruise business.

Petredec announces sale of majority stake in Carib LPG

Petredec Holdings announced the sale of its 60 per cent stake in Carib LPG Holdings, a leading LPG logistics and trading company incorporated in...

Celestyal launches new ‘guest-focused’ website

Celestyal has unveiled a new-look website in line with this year’s refreshed brand identity,...

Baltic index falls as all vessel segments post declines

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

Wallenius Wilhelmsen signs two multi-year contracts

Wallenius Wilhelmsen signs two multi-year shipping contracts with large auto OEMs, both including biofuel....

Celestyal launches a new ‘Live Your Vacation Dream’ campaign

· Savings of up to 50% across 2025, 2026, 2027 sailings · Bonus credit of...

FuelEU Maritime: How Baltic Exchange is helping shipowners understand the commercial implications

From 1 January 2025, voyages that include port calls in the European Union will...

ONE and NZPG collaborate on shore power innovation in China

Ocean Network Express and Ningbo Zhoushan Port Group held a symposium on December 6th to share best practices and explore innovative approaches to shore...

MPA and MISC collaborate on digital maritime solutions

The Maritime and Port Authority of Singapore and MISC have signed a memorandum of understanding to strengthen collaboration in innovation, research and development and...

San Antonio Terminal Internacional concession to be extended until 2030

Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met...

ONE strengthens presence in southeast Asia with terminal acquisition in Indonesia

Ocean Network Express announced the completion of its acquisition of a minority stake in New Priok Container Terminal One (“NPCT1”) in Jakarta, Indonesia. NPCT1 is...

Tallinna Sadam signs an agreement with JetGas OÜ for development of new terminal

AS Tallinna Sadam and JetGas OÜ signed an agreement for establishment of a liquefied methane terminal in Muuga Harbour. According to the agreement, JetGas...

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