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Announced at SIBCON 2026, Singapore's plan to license LNG floating storage units follows the award of eight LNG bunker supplier licences in July and record LNG bunker sales of 571,400 tonnes in 2025.
Iranian oil is disappearing from the market just as its biggest buyer returns for more. China’s recovering crude demand is colliding with the loss of a supplier that sustained its independent refiners through the crisis, forcing them to compete for increasingly expensive alternatives. The consequences reach beyond China: every replacement barrel tightens supplies for other buyers, while Tehran faces a growing incentive to disrupt the Strait of Hormuz, which is now carrying an unexpectedly strong 13 million barrels a day (just 5 million below…
Residual fuel cracks have firmed for four consecutive weeks as blenders compete for cutter stock across Mediterranean hubs.
Venezuela resorts to floating storage as onshore storage tanks fill up Reuters
PDVSA Turns Tankers Into Floating Storage as U.S. Ship Seizures Choke Exports gCaptain
Analysts dream of $200,000 per day VLCC market as floating storage adds missing ingredient TradeWinds News
Saudi Arabia Launches First Floating Storage Unit for Marine Fuel at Jeddah Islamic Port وكالة الأنباء السعودية
