Russian barrels finding their way to world’s largest oil refinery
US pressure saw Reliance Industries drop Russian oil imports, but not completely
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January 2026
Low Demand, High Supply Keeps Asia LNG Spot Prices Flat
Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 …
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Following Big Loss in 2025, Oil Steadies
Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in Ukraine and Venezuela exports.Brent crude futures…
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See You in Court: Orsted Challenges Halt on $5B Offshore Wind Project
On Friday, January 2, 2026, Orsted said it was challenging the U.S. government’s suspension of the lease for its Revolution Wind joint venture and would seek a court injunction against the decision to halt its $5 billion offshore wind project.The…
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Shipbuilding: DHT Accepts New VLCC
DHT Holdings, Inc. has taken delivery of a VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Antelope and is entering the spot market. It is the first of a series of four VLCC newbuildings to be delivered to the company during the fi…
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