US authorities board ship after report of cyber attack
Coast Guard and FBI act after indications that vessel’s network was ‘compromised by foreign cyber actors’
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Economou and Norden fixtures help lift capesize rates from Brazil to near five-year high
Owners of other ships hold out for even higher rates
Economou and Norden fixtures help lift capesize rates from Brazil to near five-year high Read More »
Urals Prices Jump to Above $110/Barrel
Prices for Russia’s flagship Urals crude at its western ports jumped above $110 per barrel on Tuesday, the highest level since April 2026, according to Reuters calculations based on data from two traders.Higher oil prices boost Russia’s budget revenues…
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Spain Foresees Higher Energy Prices Due to Iran War
Higher energy prices resulting from the Iran war could add nearly €7.4 billion ($8.5 billion) to Spanish manufacturers’ costs through the end of 2026, an industry lobby group said on Wednesday.Of the extra costs stemming from current prices, gas would …
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Shell, Equinor Warn Energy Market is Struggling to Offset Disruptions
Global energy markets face a lengthening period of tight supply and price volatility as the industry’s ability to offset disruptions from the Middle East is dwindling, senior executives from Shell and Equinor said on Wednesday.Attacks on oil…
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