Trafigura swoops for trio of product tankers on period deals
Trader is said to have booked older ships on charters of up to 20 months
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Bahrain Circulates Revised UN Hormuz Draft
Bahrain has circulated a revised U.N. Security Council draft resolution on protecting commercial shipping in and around the Strait of Hormuz, retaining language authorising “all necessary means” but dropping an explicit reference to binding enforcement…
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Iran War Reshapes Global LNG Trade
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Aus…
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Oil sales kick off from offshore asset in Golden State
Sable Offshore, a Texas-headquartered oil and gas company, has begun oil sales from its Santa Ynez Unit (SYU) and pipeline system off the coast of California to the U.S.-headquartered energy giant Chevron.
The post Oil sales kick off from offshore asse…
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Shale Oil Components Detected in Marine Fuels, says VPS
VPS has seen an increase in the levels of shale oil components in marine fuels bunkered recently in Singapore. Although we have received no reports of problems, from vessels using these fuels, we do recommend caution as detailed below:Over the course o…
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