During the first three months or so of the U.S. and Israeli war with Iran, the dominant mood on oil markets was that the conflict would end any day now. The brief June ceasefire reinforced that optimism, so it took a while longer for facts to be faced: the war would not end any day now. It might even extend into next year—and this means higher prices for a longer time. The ICE Brent crude futures contract for January 2027 is trading at $102.59 per barrel. The June 2027 contract is only slightly lower, at $92.71 per barrel, and the December…
Shipping markets rarely announce the top with any clarity. More often, the argument about whether the peak has arrived only really starts when freight rates are still climbing, asset values are making less and less conventional sense and owners are sufficiently confident to keep buying ships at prices that would have looked ridiculous a few …
Alkagesta took its fertilizer desk to the Argus Fertilizer Caspian, Black Sea and Eastern European Markets Conference 2026 in Istanbul, joining more than 450 delegates debating redirected trade flows, CBAM exposure, Central Asian supply and the logistics squeeze reshaping fertilizer delivery.
The tanker market could experience an increase of flows from West to East in the coming years, following the 65 billion barrel deal between the US and Venezuela. In its latest weekly report, shipbroker Gibson said that “last Friday, President Trump announced that the US had reached an agreement to control 65 billion barrels of ...
Shop price inflation has hit a two-year high and is set to climb through the autumn as a surge in energy and commodity costs filters through to consumers, a top business group has found. The British Retail Consortium (BRC), which represents major supermarkets and high street shops across the UK, warned that shop price inflation increased to 1.5 per cent in the year to August. The higher rate of price rises compares to a rise of 0.9 per cent in the year to July and a three-month average of 1.2 per cent. Shop price inflation was at the…
Asian refiners are on course to nearly double their purchases of U.S. crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.
Commercial relations between Canada and its southern neighbour have hit a new low, and logistics providers are seeing more clients trying to diversify from the US market. Trade negotiations broke down on Friday when the Canadians walked away, citing new US demands tabled at the last minute, as well as a litany of justifications Washington invoked to force Ottawa to make concessions. These range from fentanyl smuggling and Canadian dairy rules to ... The post Tariff spat sees Canadian shippers eye alternatives to US market 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…
With three decades under its belt, a giant gas project is getting a new lease of life, as the latest phase of its development begins production ahead of schedule, accelerating the delivery of 55 billion cubic meters (bcm) of gas to Europe. The post 30-year-old North Sea project gets gas boost with early start to its next chapter appeared first on Offshore Energy .
At the beginning of the year, the Hamburg-based shipowner Ernst Russ AG set strategic benchmarks for its transformation in 2026: the consistent diversification and modernization of the fleet, an extension of the charter backlog, and the increase of the visibility of the Ernst Russ share on the capital markets. Six months later, progress in all ...
Klaveness Combination Carriers ASA (“KCC”) reported EBITDA of USD 38.5 million and Profit after tax of USD 20.8 million for the second quarter of 2026, representing a strong improvement from the first quarter. Fleet average TCE earnings [1] increased by $4,350/day to $37,782/day from Q1 to Q2. This was supported by tighter, though very volatile, ...
The LNG shipping market is witnessing the emergence of Mexico’s LNG export corridor, underlying the growing influence of the Pacific LNG trade. In its latest weekly report, shipbroker Intermodal said that “amid broader uncertainty in the LNG market, the outlook is being shaped by disruptions to Middle Eastern flows, an uncertain Qatari recovery, and Europe’s ...
Beyond looking out the windshield and seeing retail diesel prices that once again are rising, here are some key comparisons that a consumer dealing with those higher numbers should know. On February 27, the last day before military action began between Iran on one side and the U.S. and Israel on the other, the price of international crude benchmark Brent settled at $72.48/barrel on the CME commodity exchange. On the same day, ultra low sulfur diesel (ULSD) settled at $2.596/gallon. On Wednesday, Brent settled at $91.62/b. ULSD settled at $4.4523/g. window.googletag = window.googletag || {cmd:
The energy firm is establishing a structured bridge between European and Asian markets following the launch of its new regional headquarters in Singapore.
