The rate for a bellwether very large crude carrier (VLCC) shipment from the US Gulf coast to China hit its highest level on record today of over $14/bl on strong Asia-Pacific demand, driven by the ...

Mexico seized 37.1mn liters (233,350 bl) of illicit fuel and identified nearly 2,000 illegal pipeline taps for the 10 months through June this year, President Claudia Sheinbaum's administration said ...

The shipping sector's energy transition appears to have slowed since the postponement of an International Maritime Organization (IMO) vote on its Net-Zero Framework, which may face changes before ...

Turkish steelmakers' feedstock-finished product margins have grown in recent weeks on the back of firming rebar prices and relatively stable scrap purchasing.

Italian steelmaker Acciaierie d'Italia (ADI) is running low on raw materials at its Taranto site, as the company and market participants wait to see if the shutdown of the hot melting area will go ...

The Global Carbon Council (GCC) has signed a memorandum of understanding (MoU) with South Korea's planning and budget ministry (MPB) and the Korea Chamber of Commerce and Industry (KCCI) to support ...

Vessel traffic through the strait of Hormuz fell to its lowest level in months on Thursday following an uptick in military exchanges between the US and Iran in the first half of the week.

World leaders should put climate finance on par with defence spending as a strategic security priority, president-designate of the UN Cop 31 climate summit Murat Kurum said today.

Kuwaiti state-controlled refiner KPC has exported very-low sulphur fuel oil (VLSFO) from its 615,000 b/d Al-Zour refinery, with the cargo making it through the strait of Hormuz this week.

Record electric vehicle (EV) sales in Australia are expected to weigh on long-term gasoline demand growth after battery-powered vehicles outsold gasoline-powered cars on a monthly basis for the first ...

India's power sector regulator, the Central Electricity Authority (CEA), has proposed mandatory co-located energy storage for new ground-mounted solar and onshore wind projects, alongside grid-forming ...

A total of nine vessels crossed the strait of Hormuz on Wednesday, with four inbound and five outbound transits, data from maritime security firm Windward shows.