The price of the oil benchmark Brent peaked at $89 per barrel on Tuesday, nearing levels last seen in June 2022, according to Intercontinental Exchange (ICE) data. Industry experts have attributed the surge to an […]
French liner giant CMA CGM has partnered up with recently established Saudi feeder and short-sea operator Folk Maritime to expand its service in the North Red Sea. A new weekly service called North Red Sea […]
Daily Standup Top Stories Climate bureaucrats giving China a free pass on its massive pollution March 18, 2024 Mariel Alumit China’s annual greenhouse gas emissions have soared over the past 20 years, dwarfing those of the […]
Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US […]
The measure would be in line with the group’s plans to cut reliance on Western currencies and financial mechanisms The BRICS group of emerging economies plans to create a payment system based on digital technologies, […]
Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]
OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices. The curbs — which on paper total roughly 2 million barrels a day — will remain […]
Daily Standup Top Stories Net Zero’s days are numbered February 24, 2024 Stu Turley If a week is a long time in politics, then 2023 belongs to a different age in the politics of Net Zero. […]
ContainersMiddle East Folk Maritime A new feeder and short-sea shipping company has been launched in Saudi Arabia to link the kingdom with other key ports in the Red Sea. The Riyadh-based Folk Maritime is headed […]
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