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Crude oil is “very quietly” moving through the Strait of Hormuz at a premium of about $10/b, but products are not, leading to a “very strange” market dynamic with bearish crude and bullish fuel, TotalEnergies CEO Patrick Pouyanne said Aug. 24, while restating the company’s commitment to the Middle East. Speaking at the ONS oil ...
Oslo-listed seismic specialist TGS has been awarded a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia. The extension will begin in August and utilise the Ramform Sovereign vessel and the company’s GeoStreamer technology. “The project further strengthens revenue visibility while enabling us to deliver high-quality seismic data with industry-leading acquisition efficiency,” said …
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…
The world’s biggest oil refiner, China’s state-held Sinopec, is looking to transform its business as domestic fuel sales crumble amid the electric vehicle boom. China Petroleum & Chemical Corporation, as Sinopec is officially known, will be allocating more capital to new energy and chemicals by the end of the decade to grow revenues and profits amid the lowest domestic fuel sales in China in nearly a decade. “As the company grows in scale, its ability to respond to market changes becomes inadequate, and the 'big company syndrome'…
#fwtv_gNAFO1c0TpI .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_gNAFO1c0TpI .fwtv-panel p{margin:0 0 12px}#fwtv_gNAFO1c0TpI .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The used truck market is experiencing unprecedented strength! Daimler Trucks’ Chris Backeberg explains why sleeper inventory is below COVID levels, leading to strong pricing and gains for carriers. Discover how OEMs coordinate new truck orders with remarketing strategies, and what this means for fleet balance sheets and mainten
Why it matters: Inconsistent interpretations of cabotage rules could remove experienced drivers from cross-border operations, tighten available capacity and create additional uncertainty for manufacturers, carriers and shippers that depend on predictable U.S.-Mexico freight flows. Mexican trucking industry leaders are calling on U.S. border officials to establish clearer and more consistent rules governing B-1 visa revocations amid concerns that drivers are losing their ability to operate cross-border routes over alleged cabotage violations. Ismael Reyes de la Rosa, the National Chamber of Fre
Red Sea Gateway Terminal (RSGT), Saudi Arabia’s leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani), marking one of the largest foreign direct investments in ...
Singapore and Malaysia Singapore’s VLSFO availability remains tight, with lead times varying significantly among suppliers. Some recommend around seven days, while others advise much longer lead times of up to 19 days. This compares with last week’s lead times of 7-13 days. A source attributed the tightening availability to reduced supply among suppliers and shortages ...
Panama Bunker Fuel Sales Rise 11% in July 2026 | VLSFO Leads - News and Statistics IndexBox
'I am deeply honored', said the RRC's new Chairman.
Descartes Acquires Tai Aug 24, 2026 Expands Transportation Management Capabilities and Global Logistics Network with AI-Enabled Freight Brokerage Platform WATERLOO, Ontario, and ATLANTA, Georgia, Aug 24, 2026 (GLOBE NEWSWIRE) — The Descartes Systems Group (Nasdaq: DSGX) (TSX: DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced the acquisition of Tai, a leading provider of advanced transportation management solutions for freight brokers. Tai provides an AI-powered transportation management platform that serves as ... The post Descartes acquires Tai Sof
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
China's oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation's top refiner.
Glencore LME Lead Withdrawals Shaping the Market in 2026 Discovery Alert
Spanish ports lift cargo volumes as liquid bulk leads growth Splash247
Alkagesta promotes Anthony Guida to lead Biofuels Trading Desk Times of Malta
Alkagesta appoints biofuels trading desk lead Biofuels International Magazine
Leading Renewable Methanol Producers Worldwide SNS Insider
Ulsan Port Authority leads efforts on marine biofuel adoption as IMO regulations tighten — SMI DIGITAL shipmanagementinternational.com
Shell Trafigura Marathon Lead Major SPR Oil Contract Winners Discovery Alert
VESSEL REVIEW | Padma Leader – NYK's new LNG dual-fuel car carrier boasts 7,000CEU capacity Baird Maritime
Wärtsilä Gas Solutions strengthen its market leadership with latest LNG Cargo Handling and Fuel Gas Supply systems order Wärtsilä
Sources: Former Sinopec veteran executive will lead Singapore firm's crude trading Marine News Magazine
Former veteran Sinopec executive to lead Singapore firm's crude oil trading, sources say Reuters
As farmers continue to grow more corn, industry leaders warn of an economic crisis without new markets Iowa Public Radio
Rio Tinto may buy Glencore to form mining leader with copper prices near record MarketWatch
VLCC rates fall like ‘lead balloon’ in steepest one-day plunge in over half-decade Lloyd's List
Gunvor hits reset button with leadership buyout and governance overhaul Splash247
Greek shipowners lead crude tanker newbuilding order spree as shipyard slots tighten Lloyd's List
Tata International forms JV with Geneva-based Mercuria; Noel Tata to lead - DETAILS ET Now
