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Oil Leaps Upward on Changes in Trump's Tariff Strategy
Apr 9, 2025 ... 2020. However, Wednesday's gains were said to be capped by concerns of a possible global crude surplus exacerbated by the Organization of the Petroleum Exporting Countries' (OPEC) recent decision ...
Trump: China Tariff to 125%, 90-Day Pause at 10% for Other Countries
Apr 9, 2025 ... of 10%, also effective immediately," President Trump said. ICE Brent crude futures rallied sharply on the news, trading at $64.28/bl as of 6:27 PM in London, up from $62.82/bl at Tuesday's ...
Brent Crude Futures Drop Below $60/Bl for First Time in Four Years
Apr 9, 2025 ... last traded below $60/bl in February 2021. Oil and other commodity markets have dropped sharply over the past week in response to US President Donald Trump's announcement on April 2 of ...
Oil Briefly Recovers As Energy Experts Reconsider Trump's Tariff Impact
Apr 8, 2025 ... in oil prices over the past week may be short-lived, with Douglas Bartole, CEO of InPlay Oil Corp., stating that "I don't think it's fundamentals that we've dropped on — it's fear: it's fear ...
US Proceeds With Additional 50% Tariff on Imports From China
Apr 8, 2025 ... is now being proceeded with. ICE Brent crude futures declined further on the news, extending sharp losses seen over the past week. The ICE June Brent contract traded at $63.09/bl as of 6:21 PM in ...
VPS: Turning Shipping's Regulatory Demands Into Operational and Commercial Advantages
Apr 8, 2025 ... as new low-carbon fuels enter the market, VPS's in-depth testing ensures every batch is "fit for purpose," giving vessel operators confidence as these alternative fuels are being assessed. Through ...
Italian Shipyard Wins Order for Two Cruise Ships from Carnival
Apr 8, 2025 ... shipbuilding firm Fincantieri has signed an agreement with Carnival Corporation to design and construct two cruise ships for its subsidiary AIDA Cruises. The two vessels are expected to ...
Trump Tariff Tumult Causes More Oil Price Losses, With No End In Sight
Apr 8, 2025 ... of America said a trade war could cut oil demand in half this year, leading to an "eye-watering" surplus of 1.25 million barrels per day (bpd). Also, Jeff Currie, chief strategy officer for energy ...
President Trump Threatens 50% Additional Tariff on Chinese Imports
Apr 7, 2025 ... social media post on Monday afternoon, President Trump threatened to respond with an additional sharp increase in the tariff rate. "If China does not withdraw its 34% increase above their already ...
FOBAS Bulletin: Off-Spec Density in the ARA Region
Apr 7, 2025 ... recent days, FOBAS has tested several samples from ARA (Antwerp, Rotterdam and Amsterdam) with density results exceeding the ISO8217 specification limit of 991.0 kg/m3 for an RMG380 grade ...
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Saudi Prince Launches New Global Bunkering Firm Eleven Energy

Saudi Prince Launches New Global Bunkering Firm Eleven Energy

HRH Prince Abdulaziz Al Saud bin Turki has launched a new marine fuel trading firm, Eleven Energy, with offices in Saudi Arabia and Rotterdam, a company representative tells Ship & Bunker

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Australia Sanctions 60 Vessels in First Action Against Russian Shadow Fleet

Australia Sanctions 60 Vessels in First Action Against Russian Shadow Fleet

This is the first time the country has imposed sanctions targeting the shadow fleet.

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Japanese Shipping Firms 'Minimising Time in Gulf' Amid Iran Threats: Report

Japanese Shipping Firms 'Minimising Time in Gulf' Amid Iran Threats: Report

Shipping companies Nippon Yusen and MOL have instructed their vessels to minimise time spent in the Gulf where possible after US strikes on Iranian nuclear facilities over the weekend

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