Russia imported more than 176,000 tons of petroleum products from South Korean ports in July and August, easing the impact of a fuel crisis caused by Ukrainian drone strikes on Russian oil refineries, Ukraine’s top sanctions official said on…
Russia Imports Petroleum Products From South Korea to Ease Fuel Crises Read More »
The disruption caused by the Iran war is forcing the energy industry to rethink its just-in-time approach to efficient supply chains and to consider investing in alternative routes which bypass the Gulf and the Red Sea.Attacks on shipping around…
Iran War Forces Oil Industry to Consider Alternative Export Routes Read More »
The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global stockpiles fall rapidly and diesel markets remain tight due to the ongoing Iran war.Attacks on Saudi Arabia’s East-West Pipeline…
As Global Stockpiles Dry Up, US EIA Rises Oil Price Forecast Read More »
Germany plans to buy four more Meko A-200 frigates from shipyard TKMS for about €5.6 billion ($6.3 billion), a finance ministry document seen by Reuters showed on Tuesday, with parliamentary budget committee approval expected on Thursday.The…
Germany Plans to Buy Four More TKMS Frigates Read More »
The crew of a merchant ship was missing on Tuesday after the vessel sank in the Black Sea off NATO member Bulgaria following a drone strike that Prime Minister Rumen Radev described as a gross violation of international law.It was not immediately…
Drone Strike Sinks Vessel Off Bulgaria Coast Read More »