Ukraine’s navy accused Russia of deliberately attacking a civilian Turkish vessel carrying sunflower oil to Egypt with a drone on Saturday, a day after Moscow hit two Ukrainian ports.In a statement on Telegram, the navy said the vessel was called the V…
Ukraine Says Russian Drone Attack Hit Civilian Vessel Read More »
The tanker market faced further headwinds during the past month, OPEC said in its latest weekly report. Dirty tanker spot freight rates showed further strength in November, supported by seasonal factors and an uptick in demand for mainstream vessels. V…
Tanker Market Slowed Down During November Read More »
The Dangote refinery’s expansion to 1.4 mbpd by 2028, doubling its current output, is expected to reshape regional trade dynamics in the Atlantic basin. As European refinery runs decline amid a wave of closures, Dangote’s growing output could redirect …
Expansion of Dangote’s refinery capacity to reshape Atlantic basin flows Read More »
The global economy has proven “resilient” this year, despite concerns about a sharper slowdown in the wake of higher trade barriers and significant policy uncertainty, according to OECD Secretary-General Mathias Cormann, commenting on the latest …
Trade growth slump on near horizon Read More »
To advance President Trump’s national strategy for securing America’s critical mineral supply, the Bureau of Ocean Energy Management has initiated the process for a potential mineral lease sale in federal waters off the coast of Virginia. This…
BOEM Initiates Process for Potential Mineral Lease Sale Offshore Virginia Read More »