Wednesday, April 29, 2026

Oil

Subscribe

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

Oil

Iranian Condensate Cargo Expected to Discharge in Venezuela

A cargo of Iranian condensate intended for Venezuela’s state-run oil company, PDVSA, the fourth delivery this year, will discharge in coming days at the...

Oil could hit $150 a barrel with OPEC+ ‘in the driver’s seat’: J.P. Morgan

Oil futures can shake off a breathtaking Black Friday plunge and then some, testing $125 a barrel next year and overshooting to $150 in...

Oil demand to return to 2019 levels by end of 2022: Baker Hughes CEO

Oil demand will return to 2019 levels by the end of 2022, despite some delays in projects due to repercussions from the pandemic, Baker...

Biden Orders Release of Strategic Petroleum Reserves in Challenge to OPEC+

The U.S. will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India, South Korea and the U.K....

Barclays raises 2022 oil price view on faster inventory drawdown

Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response to offset a modest...

Oil market to remain tight in 2022 as global demand ramps up: Vitol CEO

Global oil market fundamentals will likely remain tight over the coming year as oil demand continues to build after having mostly fully recovered to...

Saudi Aramco to supply full term oil volumes to several Asian buyers – sources

Saudi Aramco, the world’s top exporter of crude oil, has notified at least six Asian customers it will supply full term volumes in December,...

Shipping US Diesel to Europe Just Got Pricier as Rates Soar

The cost of shipping diesel and other fuels to Europe from the U.S. Gulf has surged in recent days amid signs of an increase...

Winter chill set to keep oil prices near $80/barrel

Oil prices will hold near $80 as the year ends, as tight supplies and higher gas bills encourage a switch to crude for power...

OPEC+ misses target again, as some members struggle to raise oil output

OPEC+ compliance with oil cuts fell slightly to 115% in September, sources said, indicating that as the alliance raises production targets, some members are...

Video

Latest Articles

Finance & Economy
Shipping News
Ports

NORDEN raises full-year guidance

On the back of additional vessel sales and a stronger tanker market, NORDEN upgrades the 2026 full-year net profit guidance to USD 70 –...

Wärtsilä’s Interim Report January–March 2026

Wärtsilä’s announced its interim report for the period January–March 2026. January–March 2026 highlights Total order intake increased by 10% to EUR 2,099 million (1,902), while the...

KCC: Solid start to the year; even stronger Q2 outlook

Klaveness Combination Carriers ASA reported EBITDA of USD 29.3 million and Profit after tax of USD 15.6 million for the first quarter of 2026,...

Noble Corporation announces first quarter 2026 results

Noble Corporation plc reported first quarter 2026 results. Three Months Ended(in millions, except per share amounts)March 31, 2026March 31, 2025December 31, 2025Total Revenue$                786$                874$                764Contract Drilling Services Revenue743832705Net...

Hanwha Ocean’s Q1 OP jumps 70.6% on high-value vessel orders

South Korean shipbuilder Hanwha Ocean Co. saw its operating profit soar more than 70 percent in the first quarter of this year from a...

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...

ABS and PIL to advance maritime decarbonisation with alternative marine fuel emissions verification

ABS and Pacific International Lines (PIL) have announced a formal collaboration through the signing...

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...

Piraeus Port maintains its strategic role as key logistics hub for Eastern Mediterranean and SE Europe

The Port of Piraeus is resilient to the disruptions caused by the conflict in the Middle East on global supply chains. However, downward pressure is...