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Wednesday, May 14, 2025
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Saudi retains top spot in oil supplies to China

Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude supplier for a ninth straight month in August as major...
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OPEC set to revise down ‘optimistic’ oil demand outlook – sources

OPEC wil likely revise down its 2022 oil demand growth forecast on Monday, two OPEC+ sources said, as the spread of the Delta coronavirus...
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U.S. Loans Exxon 1.5 Million More Barrels from Strategic Petroleum Reserve

The U.S. Energy Department said on Thursday it has approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from...
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S. Korean refiners slash Middle East crudes to chase margins, low-carbon feed

The share of Middle Eastern crude in South Korea’s 2021 refinery feedstock import basket could fall to the lowest level in more than three...
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OPEC+ raises 2022 oil demand growth forecast

OPEC+ revised up its 2022 oil demand forecast ahead of a meeting of the oil producing group on Wednesday, amid U.S. pressure to raise...
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Oil Edges Up as U.S. Gulf Producers Assess Damage After Ida

Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting...
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U.S. crude inventories expected to drop for 3rd week

U.S. crude and gasoline inventories likely declined last week, while distillate stockpiles are expected to have increased, a preliminary Reuters poll showed. Five analysts...
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China’s oil imports plummet 20% for 2nd straight month

China’s oil imports are plunging as Beijing cuts supplies to dirty local oil refineries. Oil shipments to the world’s largest crude importer fell 20%...
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Exxon Sees ‘Great Opportunity’ for Lower-Emission Oil Output in Brazil

Exxon Mobil Corp sees its investments in Brazil’s offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas...
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Oil prices hammered by surge in coronavirus cases – report

Oil prices have finally buckled after coronavirus cases surged in all the major oil-consuming regions, pushing back the anticipated easing of quarantines and resumption...
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PPA: Revenue and profits climbed to new highs for the company–An increase in the proposed dividend by 43.7%

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation...

Vitol and Grindrod announce the solvent wind-down of Cockett

Vitol and Grindrod, joint shareholders of Cockett, have made the strategic decision to conduct an orderly wind-down of Cockett. This difficult decision was reached...

MPC Capital continues profitable growth path in Q1 2025

Investment and asset manager MPC Capital AG presented its figures for the first quarter of 2025. Revenue increased by almost a quarter. The revenue...

Fincantieri reports best ever order intake

The Board of Directors of Fincantieri, chaired by Biagio Mazzotta, has approved the interim financial information as of March 31, 2025. FINANCIAL RESULTS Significant growth in Revenues at euro 2,376...

Pangaea Logistics Solutions reports financial results for the quarter ended March 31, 2025

Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2025. FIRST QUARTER...

Celestyal strengthens partnership with Qatar doubling calls to Doha over the next three years

Celestyal further strengthened their partnership with Qatar Tourism, Visit Qatar and Mwani Qatar. The agreement...

US, China to slash tariffs during 90-day reprieve for talks

The US and China will temporarily lower tariffs on each other’s products in a...

MSC maintains its investment focus on Greek cruising and ports

The Mediterranean Shipping Company Group insists on Greek destinations in the cruise sector, despite...

Baltic Index inches up on higher capesize, supramax rates

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

“Shaping the Future of Shipping” summit to be held in Athens

The Ministry of Maritime Affairs and Insular Policy, the International Chamber of Shipping and...

PPA: Revenue and profits climbed to new highs for the company–An increase in the proposed dividend by 43.7%

PPA S.A. presented the financial results for the fiscal year 2024 to the Union of Institutional Investors at the Athens Stock Exchange. The presentation...

AD Ports Group moves to expand presence in Kazakhstan with plans to develop a multipurpose terminal, expand fleet in the Caspian Sea region and...

AD Ports Group, an enabler of integrated trade, transport and logistics solutions, today announced the signing and exchange of a number of diverse agreements...

MSC maintains its investment focus on Greek cruising and ports

The Mediterranean Shipping Company Group insists on Greek destinations in the cruise sector, despite the fact that it openly expresses its objections to the...

DP World signs agreement to launch $760M port and free trade zone in Dominican Republic

DP World has signed a landmark US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of...

ThPA: The works for the 6th pier will be completed in 3.5 years

The works on the 6th pier at the port of Thessaloniki, which will start by the end of June, are expected to be completed...

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