Crude oil prices were on course to book a sharp weekly gain, with Brent crude on track for gains of about $6 per barrel and WTI registering a much more modest tick higher, from around $99 per barrel on Monday to over $100 earlier today. At the time of writing, Brent crude was trading at $114.00 per barrel, and West Texas Intermediate was changing hands for $100.40 per barrel, as hostilities in the Middle East remain front-page news for oil traders. The focus, however, seems to be on Houthi attacks on Saudi infrastructure, including Aramco facilities.…
The Trump administration on Friday unveiled its America First Seafood Strategy, outlining plans to strengthen the U.S. commercial fishing industry through regulatory reform, investment in fishing vessels and shoreside infrastructure,...
After months of elevated energy prices, Europe can expect fuel costs to continue rising through the winter months as demand grows. Ongoing energy trade constraints and threats to energy infrastructure across the Middle East are expected to limit global energy supplies and continue to drive up prices, hitting consumers hard unless governments intervene. The European Union (EU) is thought to have paid an additional €100 billion on oil and gas so far this year, prompting EU ministers to seek ways to manage the impact of high fuel prices. Since…
At SIBCON 2026, Singapore set out a multi-fuel bunkering strategy spanning ammonia, LNG, bio-methane and ethanol, with record LNG bunker sales and the world's largest ethanol bunkering operation planned.
A ship’s anchor can wreak havoc on the world’s undersea infrastructure, something that has provided plenty of rich material for Splash reporting in recent years. For Elisabeth Braw, the Cook Islands-flagged tanker Eagle S provides one of the most brazen examples. On Christmas Day 2024, the vessel was accused of dragging its anchor 90 km …
Crude oil prices, which dipped on Tuesday, reversed their direction, with Brent ticking above $100 again earlier today following reports of fresh Houthi attacks on Saudi energy infrastructure. At the time of writing, Brent crude was trading at $101.49 per barrel and West Texas Intermediate was changing hands for $90.14 per barrel, despite a statement from Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, who said Tuesday the kingdom’s oil flows via the Rast-West pipeline had rebounded to 5.8 million barrels daily. The statement…
Brazil’s state-owned energy giant Petrobras has struck a two-decade-long deal with Sempra Infrastructure, a subsidiary of Sempra, for the supply of liquefied natural gas (LNG) from a U.S. project under development in Jefferson County, Texas. The post Petrobras locks in 20-year US supply from Sempra’s LNG project in Lone Star State appeared first on Offshore Energy .
Sempra Infrastructure signed a 20-year agreement to supply about 0.8 million metric tons per annum of liquefied natural gas to Petrobras from the under-construction Port Arthur LNG phase 2 project in Texas.
Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week in Borderlands Mexico: Nuevo León governor pitches border boom as Texas-Mexico freight surges; NADBank plans nearly $164M in water projects; and Otay Business Park completes first phase near US-Mexico border. Nuevo León governor pitches border boom as Texas-Mexico freight surges Nuevo León Gov. Samuel García is betting billions of dollars in infrastructure, industrial development and security investments can help transform the Mexican state into an increasingly
The company brings engineering, specialist personnel, equipment and port infrastructure together under one operating […] The post Futura combines marine engineering, cable logistics and vessel services appeared first on Offshore Energy .
Quick recap: the freight-rate spike that produced two very different report cards at Maersk and Hapag-Lloyd is increasingly a story about who controls terminal and inland capacity, not who owns the most vessels – and nobody is making that case more directly right now than AD Ports. ZIM’s next move, meanwhile, has less to do with freight rates than with a decision sitting with Israeli regulators. My previous analysis already worked ... The post AD Ports the clear read-through as bottlenecks shift from ship to dock appeared first on The Loadstar .
Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack on Monday night, Ukrainian forces hit the 180,000-barrels-per-day Afipsky refinery in the southern Russian region of Krasnodar. A fire broke out at the refinery as a result of the strike, the governor of the Krasnodar region, Veniamin Kondratiev, wrote in a post on Telegram on Tuesday. At least 10 homes were damaged in the Afipsky village and…
Spirit Energy, a North Sea operator, has finished a multimillion-dollar decommissioning campaign in the UK sector of the North Sea, plugging and abandoning (P&A) three gas wells that have reached the end of their productive lives and removing more than 234 tons of subsea infrastructure. The post WATCH: North Sea decom campaign retires trio of gas wells in UK waters appeared first on Offshore Energy .
With Russian infrastructure being pummeled by Ukrainian drones, the Kremlin is hoping to sustain its war effort in Ukraine going by deepening defense cooperation with Kazakhstan and Uzbekistan. It is uncertain, however, whether Astana and Tashkent will go along with Moscow’s wishes. Russia appears to be primarily interested in outsourcing the manufacture of arms, establishing assembly lines and maintenance facilities in the Central Asian nations, thus putting them beyond the reach of Ukrainian drones, according to a report published…
Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for nuclear power, and rising electricity demand from the AI infrastructure boom. Uranium futures then retreated and remained range-bound between $84 and $87 for five months. But momentum has returned in August, with prices approaching $89 a pound, the highest level since early February. The ongoing theme is that years of underinvestment have limited mine supply growth…
Rotterdam Rotterdam’s LNG bunker price has jumped by $70/mt, mirroring gains in the front-month Dutch TTF natural gas contract. Over the past week, TTF has climbed by around 6% to $22.41/MMBtu ($1,165/mt). The latest rally in TTF prices has been driven by the escalating US-Iran tensions and growing concerns over energy shipments through the Strait ...
Palmetto Railways announced the appointment of Tarek Ravenel as president and chief executive officer. The move by the state-owned transportation company is effective Sept. 8, 2026. Ravenel, who earlier spent a decade at the railway, brings a “proven track record in transportation and infrastructure leadership and will steer the organization into its next phase of growth, investment and economic impact across South Carolina,” the company said in a release. Tarek Ravenel Ravenel succeeds Patrick McCrory, who has served as president and CEO since 2022. Based in Charleston, Palmetto connects with
NBC 15 reports: Backlash over data centers has become a central issue in the upcoming midterms as Americans on both sides of the aisle are becoming more resistant to having them built in their communities, pushing candidates to stake positions on how to handle them. As the artificial intelligence industry plans billions of dollars’ worth of investments to ramp up construction of data centers to power the technology, it is running into mounting resistance ... The post NBC 15: Fight over ‘data centers shifts into overdrive’ as midterms get closer appeared first on The Loadstar .
#fwtv_anrMYfetmOg .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_anrMYfetmOg .fwtv-panel p{margin:0 0 12px}#fwtv_anrMYfetmOg .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Ed Elkins, EVP & CCO at Norfolk Southern, reveals why Georgia and the strategic ‘Golden Triangle’ are pivotal for rail logistics and supply chain efficiency. Discover how infrastructure investments are shifting freight from highways to rails, driving massive growth and economic strength in the Eastern U.S. Elkins delves into At
The global commodity firm is expanding its European presence by launching a dedicated sustainable fuel desk to leverage Switzerland's established trading infrastructure.
The London-based firm is leveraging UK financial infrastructure to transform used cooking oil into a bankable asset class within the growing circular economy.
Commodity trading house Alkagesta selects Singapore as its Asia-Pacific base to leverage the city-state's financial infrastructure and strategic maritime position.
The Malta-based energy group is integrating Romanian infrastructure into its regional network to facilitate trade in certified renewable fuels and support European climate goals.
