Money machine: Scorpio Tankers has $513m in the bank and LR2s earning over $100,000 per day
Robust finish to current quarter has extended into April fixtures, especially in LR2s
March 2026
Owners of blacklisted Russia-linked tankers fight sanctions in EU courts
Two shipowners have lodged cases at a European Union court over 2025 measures imposed over Russia-linked business
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India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran’s oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy purchases from Iran in…
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Italian Looks to Receive LNG from Algeria, Strengthen Energy Cooperation
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to Algiers.Meloni met President Abdelmadjid Tebboune as Rome faces…
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Oil Prices Fall 4% as US Proposes Iran Peace Plan
Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96, or 3.8%, to $100.53 a barrel at 10:41 a.m. EDT (1441 GMT), …
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