Brent reaches $114 per barrel amid strikes on Saudi energy facilities
Global crude benchmarks rose sharply, driven by escalating regional conflict and reported strikes targeting Saudi Aramco assets.
RefineriesDigest Editorial Desk · · 1 min read
Every report is an original summary of attributed source reporting, with a link to the original publication.
Global crude benchmarks rose sharply, driven by escalating regional conflict and reported strikes targeting Saudi Aramco assets.
RefineriesDigest Editorial Desk · · 1 min read
Citi has revised its oil price stance to warn of upside risk as logistical hurdles and vessel transfers offset recovering Gulf supplies.
RefineriesDigest Editorial Desk · · 1 min read
The availability of methanol as an alternative marine fuel is expanding globally as suppliers and dedicated bunker vessels enter key hubs including Northwest Europe.
RefineriesDigest Editorial Desk · · 1 min read
Underlying shifts in cargo availability are set to influence seaborne trade and freight across wet and dry bulk markets.
RefineriesDigest Editorial Desk · · 1 min read
IllustrativeBloomberg covers Alkagesta’s agreement to acquire Energy Petrol in Türkiye, adding eight marine fuel vessels and expanding direct bunker-fuel distribution.
RFP Editorial Desk · · 2 min read
Strathcona Resources is preparing to lobby Ottawa for an exemption to northern British Columbia tanker restrictions to ship crude to Asia via Prince Rupert.
RefineriesDigest Editorial Desk · · 1 min read
Proposed changes to the EU emissions market may narrow the bunkering price differential between low-carbon alternatives and conventional fuel oil.
RefineriesDigest Editorial Desk · · 1 min read
Year-to-date seaborne outflows of crude oil and heavy products from the Caribbean Basin have surged by 45% year-on-year, according to shipping association BIMCO.
RefineriesDigest Editorial Desk · · 1 min read
Crude benchmarks gained around 2% following reports of fresh Houthi strikes in Saudi Arabia and a US directive ordering non-emergency personnel to evacuate.
RefineriesDigest Editorial Desk · · 1 min read
RFP Editorial Desk · · 5 min read
Disruptions to Qatari export capacity and Gulf flows have prompted buyers to advance around $60 billion in alternative gas agreements at the Gastech conference in Bangkok.
RefineriesDigest Editorial Desk · · 1 min read
A surge in legal disputes and environmental challenges is complicating risk exposure for data centres, according to a report cited by OilPrice.com.
RefineriesDigest Editorial Desk · · 1 min read
The Baltic Exchange's dry bulk freight benchmark ended a ten-session decline on Monday, lifted by gains across the capesize segment.
RefineriesDigest Editorial Desk · · 1 min read
Crude benchmarks have surged to multi-month highs amid growing market concern over Persian Gulf supply disruptions caused by tanker incidents in the Strait of Hormuz.
RefineriesDigest Editorial Desk · · 1 min read
Court records and investigations have built a detailed picture of the Antikor, Kompromat1 and Vlasti network of defamatory websites.
RFP Editorial Desk · · 4 min read
Major energy entities are committing significant capital to both gas infrastructure and crude transportation, signalling a strategic response to evolving global maritime trade patterns, as reported by OilPrice.com.
RefineriesDigest Editorial Desk · · 1 min read
Mitsui OSK Lines (MOL) and a consortium of Japanese firms have received Approval in Principle (AiP) from a Tokyo-based classification society for a new design of a low-pressure liquefied carbon dioxide (LCO2) carrier.
RefineriesDigest Editorial Desk · · 1 min read
According to OPEC's most recent monthly assessment, September saw a substantial rise in dirty tanker spot freight rates across all vessel categories, driven by trade disruptions, export bottlenecks, and extended voyages that restricted vessel availability.
RefineriesDigest Editorial Desk · · 1 min read
Bunkering operations at major ports are increasingly accommodating a variety of alternative marine fuels, as demonstrated by activity reported across several global locations this week.
RefineriesDigest Editorial Desk · · 1 min read
Investment in new vessel construction has remained consistent, with particular emphasis on the tanker and dry bulk sectors over the recent reporting period, as detailed by shipbrokers.
RefineriesDigest Editorial Desk · · 1 min read
Transnet National Ports Authority is seeking proposals from potential operators for the construction of a small to medium-scale liquefied natural gas import facility at the Port of East London in South Africa's Eastern Cape province.
RefineriesDigest Editorial Desk · · 1 min read
The Kamsarmax bulk carrier 'Bora', built in 2014, has been reported as committed to unnamed parties, according to a shipping market report.
RefineriesDigest Editorial Desk · · 1 min read
The inaugural crude oil shipment has arrived at a new refining complex in China, a joint venture involving Saudi Aramco and its local partners, marking a significant operational milestone.
RefineriesDigest Editorial Desk · · 1 min read
A crucial oil pipeline in Saudi Arabia, facilitating crude exports to the Red Sea, experienced an attack last week following the Houthi forces' reported capture of Perim Island.
RefineriesDigest Editorial Desk · · 1 min read
The Nigerian Dangote Petroleum Refinery recorded a net profit of $4.73 billion for the first nine months of 2026, a significant turnaround from a loss reported in the previous year, as it prepares for an initial public offering to raise $1.6 billion.
RefineriesDigest Editorial Desk · · 1 min read
How Alkagesta built its Singapore desk around trade finance structuring before scaling physical commodity and bunker volumes.
RFP Editorial Desk · · 1 min read
Elevated vessel charter costs, linked to geopolitical instability in the Middle East, are reportedly causing a surplus of heavy crude oil in North and South America, while demand remains high in Asian and European markets.
RefineriesDigest Editorial Desk · · 1 min read
Oil benchmarks experienced an upward movement following reports of Iranian officials indicating plans to escalate tanker assaults in the Strait of Hormuz, employing new operational strategies.
RefineriesDigest Editorial Desk · · 1 min read
Further incidents involving tankers have been reported close to the Strait of Hormuz, with two vessels sustaining attacks, according to information published by OilPrice.com.
RefineriesDigest Editorial Desk · · 1 min read
Freight costs for tanker shipments originating from the Black Sea significantly increased during late September and early October, driven by escalating risks to commercial shipping and disruptions to Russian energy exports, according to reports.
RefineriesDigest Editorial Desk · · 1 min read
The expense of transporting crude oil by sea has escalated significantly, with supertanker rates surpassing previous records due to altered global trade patterns.
RefineriesDigest Editorial Desk · · 1 min read
The International Energy Agency's recent decision to release an additional 100 million barrels of diesel, gasoline, and crude oil, following consultations with G7 nations, is contributing to the depletion of global oil storage reserves.
RefineriesDigest Editorial Desk · · 1 min read
Analysis from Xeneta indicates that ocean container shipping rates for routes from the Far East to the United States are approaching unprecedented highs, presenting significant commercial advantages for carriers.
RefineriesDigest Editorial Desk · · 1 min read
India has observed a reduction in overall seaborne coal imports during the first eight months of 2026, notwithstanding an uptick in cargoes sourced from Russia.
RefineriesDigest Editorial Desk · · 1 min read
China is experiencing a reduction in its domestic diesel and gasoline stockpiles, a trend that may lead to the implementation of controls on fuel exports, according to recent reports.
RefineriesDigest Editorial Desk · · 1 min read
The United Kingdom and Japan have implemented new measures targeting vessels associated with Sovcomflot, Russia's largest shipping company, according to reports from Hellenic Shipping News Worldwide.
RefineriesDigest Editorial Desk · · 1 min read
The Ningbo Shipping Exchange (NBSE) has released its weekly Ningbo Containerized Freight Index (NCFI) report, covering the period concluding on 11th September.
RefineriesDigest Editorial Desk · · 1 min read
The two companies have signed an agreement for DSV to utilise CMA CGM's ACT+ programme, targeting a 12,000-tonne CO2 reduction over two years.
RefineriesDigest Editorial Desk · · 1 min read
Analysis from Kpler indicates that crude and condensate shipments from the Middle East neared pre-conflict volumes in September, yet concerns persist regarding safe passage and their impact on global oil prices.
RefineriesDigest Editorial Desk · · 1 min read
Global crude benchmarks, Brent and WTI, saw gains today as concerns mounted over reported shipping incidents in the Strait of Hormuz and Gulf of Mexico operators initiated production shutdowns ahead of an approaching hurricane.
RefineriesDigest Editorial Desk · · 1 min read
RFP Editorial Desk · · 3 min read
The cost of crude oil transportation has reportedly reached unprecedented levels, driven by ongoing disruptions in the Middle East Gulf area.
RefineriesDigest Editorial Desk · · 1 min read
The maritime industry is increasingly adopting wind-assisted propulsion technologies for various vessel types, including tankers, container ships, and LNG carriers, according to recent reports.
RefineriesDigest Editorial Desk · · 1 min read
Strong expansion in US crude exports has positioned the country as a vital global supplier, yet potential shifts in domestic infrastructure could impact future cargo availability for the tanker sector.
RefineriesDigest Editorial Desk · · 1 min read
New data indicates that crude oil exports from the Persian Gulf have nearly returned to pre-conflict volumes, with a notable shift towards alternative routes and shipping methods, potentially diminishing Iran's influence over the Strait of Hormuz.
RefineriesDigest Editorial Desk · · 1 min read
September saw the highest monthly volume of liquefied natural gas cargoes transit the Strait of Hormuz since the commencement of the Iran conflict, although this figure remains significantly below pre-war dispatch levels.
RefineriesDigest Editorial Desk · · 1 min read
The price differential between B30-VLSFO (POMEME) and conventional VLSFO in Rotterdam has expanded considerably in the past week, driven by opposing price movements in the two bunker fuels.
RefineriesDigest Editorial Desk · · 1 min read
The physical oil market is demonstrating significant tightening, with Dated Brent surpassing $120 per barrel, even as ICE Brent futures experience a slight decline.
RefineriesDigest Editorial Desk · · 1 min read
November West Texas Intermediate crude oil futures faced conflicting pressures this week, with improved supply from the Arabian Gulf balanced by ongoing refined product tightness and rising geopolitical risks in the Middle East.
RefineriesDigest Editorial Desk · · 1 min read
The 'shadow fleet' encompasses tankers and support vessels that employ deceptive shipping practices to transport commodities from sanctioned or high-risk areas, often obscuring their true origin, ownership, or ultimate destination.
RefineriesDigest Editorial Desk · · 1 min read
Recent maritime incidents in the Middle East Gulf underscore persistent abnormal shipping conditions, even as cargo volumes improve, with Chattogram experiencing a premium due to scarcity.
RefineriesDigest Editorial Desk · · 1 min read
Leading maritime companies are improving the emissions intensity of their operations, yet they encounter difficulties in achieving reductions in total greenhouse gas emissions, according to recent reports.
RefineriesDigest Editorial Desk · · 1 min read
A recent analysis indicates that current global diesel market dynamics are providing a substantial, albeit probably transient, uplift to the earnings and cash flow of US refining operations.
RefineriesDigest Editorial Desk · · 1 min read
A collaborative study has evaluated the financial viability of nuclear-powered liquefied natural gas (LNG) carriers against conventional designs, focusing on initial expenditure versus long-term operational savings.
RefineriesDigest Editorial Desk · · 1 min read
The annual WISTA International gathering is set to convene in Kuala Lumpur, underscoring the growing significance of Asia in global shipping, logistics, and trading sectors amid ongoing industry transformations.
RefineriesDigest Editorial Desk · · 1 min read
Oil benchmarks experienced declines on Tuesday, influenced by rising crude exports from Middle Eastern nations and ongoing uncertainty regarding the conflict involving Iran.
RefineriesDigest Editorial Desk · · 1 min read
Crude benchmarks, Brent and WTI, saw an increase today after reports indicated the US administration would not ease sanctions against Iran, a significant OPEC producer.
RefineriesDigest Editorial Desk · · 1 min read
The tanker sector is anticipated to receive further impetus from escalating oil production and associated cargo volumes originating from North and South American nations, despite geopolitical tensions.
RefineriesDigest Editorial Desk · · 1 min read
Nord Gas Solutions has been awarded a contract to equip two new 40,000 m³ Medium Gas Carrier vessels with cargo handling and LPG fuel supply systems.
RefineriesDigest Editorial Desk · · 1 min read
Commodity trading firm Alkagesta has been recognised with an EcoVadis Committed Badge, acknowledging its dedication to responsible and sustainable operations across its global activities.
RFP Editorial Desk · · 1 min read
High volumes of edible oil imports into India have saturated port storage facilities, leading to discharge delays and potentially reducing future procurement by the world's largest buyer.
RefineriesDigest Editorial Desk · · 1 min read
Iraq's state-owned oil marketing firm is reportedly accelerating the availability of crude cargoes for purchasers, as significantly increased freight costs present challenges for acquiring shipments from the Arabian Gulf region.
RefineriesDigest Editorial Desk · · 1 min read
Canada's position as the primary crude supplier to the United States is strengthening, with significant volumes increasingly flowing into the US Gulf Coast refining sector.
RefineriesDigest Editorial Desk · · 1 min read
The differential between Brent and West Texas Intermediate (WTI) crude benchmarks has expanded significantly, driven by rising freight rates and concerns over a potential US diesel export ban, despite broader market gains.
RefineriesDigest Editorial Desk · · 1 min read
Everllence PrimeServ Omnicare and scrubber specialist ME Production have formed a strategic alliance to enhance lifecycle support for Exhaust Gas Cleaning Systems (EGCSs), focusing on maintenance during drydockings.
RefineriesDigest Editorial Desk · · 1 min read
Efforts to develop infrastructure and supply for alternative maritime fuels are progressing, but vessel orders and commercial interest are not matching the pace, according to a report.
RefineriesDigest Editorial Desk · · 1 min read
Despite current low demand, bunker fuel availability in Singapore and Malaysia is tightening due to reduced supply and a scarcity of blending components, leading to extended lead times for procurement.
RefineriesDigest Editorial Desk · · 1 min read
The Baltic Exchange's benchmark for dry bulk shipping rates recorded a slight increase on Tuesday, partially recovering from a decline in the preceding trading period.
RefineriesDigest Editorial Desk · · 1 min read
Oil prices experienced a modest decline today following reports of potential peace initiatives in the Middle East, partially offsetting earlier weekly gains and keeping benchmarks elevated.
RefineriesDigest Editorial Desk · · 1 min read
The US Energy Secretary has articulated opposition to a potential ban on US diesel exports, contending that such a measure would lead to increased prices for other refined products.
RefineriesDigest Editorial Desk · · 1 min read
Senior representatives from Alkagesta recently attended the GTR Commodities 2026 event in Geneva, connecting with industry peers and financial institutions to discuss pressing challenges and emerging trends in global commodity markets.
RFP Editorial Desk · · 1 min read
French President Emmanuel Macron has requested a G7 meeting to discuss a potential release from strategic oil reserves, as Europe faces reduced crude supplies from Saudi Arabia and record diesel prices.
RefineriesDigest Editorial Desk · · 1 min read
Prague is reimposing maximum price controls on petrol and diesel, alongside a new tax targeting refiners' increased profit margins, effective from October 1.
RefineriesDigest Editorial Desk · · 1 min read
Diesel prices in the United States have reached new highs, with European markets also experiencing significant price increases and potential supply deficits.
RefineriesDigest Editorial Desk · · 1 min read
Crude oil benchmarks experienced an upward movement, concluding a prior downtrend, as market participants observed the US-Iran diplomatic efforts at the UN General Assembly.
RefineriesDigest Editorial Desk · · 1 min read
Effective fertilizer trading relies on thorough supplier vetting, independent cargo verification, and precise contractual agreements to manage risk and ensure product integrity, according to insights from Alkagesta.
RFP Editorial Desk · · 2 min read
A cluster of offshore-registered sites republishes the same unsourced allegations across dozens of mirror domains, making removal cost more than republication.
RFP Editorial Desk · · 3 min read
Anthony Guida, biofuels trading desk lead in Geneva, sets out how Alkagesta moves from market thesis to signed multi-year offtake agreements.
RFP Editorial Desk · · 3 min read
Overall bunker volumes in Panama experienced a reduction in August compared to July, primarily driven by decreased sales of Very Low Sulphur Fuel Oil and Low Sulphur Marine Gasoil.
RefineriesDigest Editorial Desk · · 1 min read
A single attack on a Saudi pipeline in early September has led to significant shifts in crude oil movements, an increase in tanker freight costs, tighter diesel availability in Europe, and exacerbated high gas and coal prices, illustrating the swift market impact of such disruptions.
RefineriesDigest Editorial Desk · · 1 min read
An analysis details the key components that determine the retail price of diesel fuel, including crude oil, refining margins, and distribution expenses.
RefineriesDigest Editorial Desk · · 1 min read
Escalating tensions in the Middle East have led to increased shipping costs and congestion across major global maritime chokepoints, impacting energy commodity transit.
RefineriesDigest Editorial Desk · · 1 min read
Global benchmark Brent crude surpassed the $100 per barrel threshold on Wednesday, driven by recent tensions in the Strait of Hormuz, an event analysts had anticipated for an extended period.
RefineriesDigest Editorial Desk · · 1 min read
The development of ammonia as a marine fuel is progressing with more defined timelines, yet recent incidents highlight ongoing safety concerns as operational deployment approaches.
RefineriesDigest Editorial Desk · · 1 min read
Commodity trading firm Alkagesta has commenced legal action in Malta against The Maltese Herald, citing repeated publication of what it describes as false and damaging articles.
RFP Editorial Desk · · 1 min read
IllustrativeThe National reports how Alkagesta secured access to Nato's Central European Pipeline System days before the Iran war, allowing it to supply jet fuel to European airports.
RFP Editorial Desk · · 3 min read
Oil benchmarks are poised for a weekly fall, interrupting a three-week upward trend, as market anxieties over Saudi Arabian export capacity have reportedly diminished.
RefineriesDigest Editorial Desk · · 1 min read
Russian seaborne oil product exports rose by 16.4% in August compared to July, though volumes were still 50% lower than the same period last year, influenced by refinery maintenance and export restrictions.
RefineriesDigest Editorial Desk · · 1 min read
Alkagesta's CEO highlights the shipping sector's responsibility to counter escalating costs through enhanced agility and integrated planning, warning against accepting high transport expenses as an unchangeable reality.
RFP Editorial Desk · · 1 min read
LNG exporters Qatar and the UAE are utilising ship-to-ship transfer operations to maintain gas deliveries to global markets, six months after a blockade began affecting the Strait of Hormuz.
RefineriesDigest Editorial Desk · · 1 min read
The Baltic Exchange's dry bulk freight index climbed for a second successive session, supported by positive movements across all vessel categories.
RefineriesDigest Editorial Desk · · 1 min read
International commodities trader Alkagesta has announced its highest ever first-half financial results, with revenues reaching $3.5 billion, driven by increased trading volumes and strategic expansion.
RFP Editorial Desk · · 1 min read
A new DNV white paper indicates the global fleet of LNG bunker vessels could need to more than double by the end of the decade to meet increasing demand from LNG-fuelled shipping.
RefineriesDigest Editorial Desk · · 1 min read
Geopolitical tensions in the Persian Gulf region are reportedly contributing to a significant price difference between crude oil grades that can bypass the Strait of Hormuz and those reliant on passage through the chokepoint.
RefineriesDigest Editorial Desk · · 1 min read
Benchmark crude oil prices have maintained recent highs, with Brent surpassing $101 per barrel, as reports emerge of escalating naval engagements between the United States and Iran in the Persian Gulf.
RefineriesDigest Editorial Desk · · 1 min read
Restrictions imposed by the United States on Iranian oil shipments and payment networks are compelling China's major refiners, including Sinopec, to procure more expensive Russian crude, according to Hellenic Shipping News Worldwide.
RefineriesDigest Editorial Desk · · 1 min read
Alkagesta's Singapore operations have achieved a monthly delivered volume of 250 kilotonnes, securing approximately 5% of the local marine fuels market and demonstrating substantial financial growth in the first half of 2026.
RFP Editorial Desk · · 1 min read
IllustrativeA Nippon Yusen Kabushiki Kaisha (NYK) Group bulk carrier has received a substantial quantity of pure bio-methanol via ship-to-ship transfer at Lantau Anchorage in Guangzhou.
RefineriesDigest Editorial Desk · · 1 min read
IllustrativeBunker fuel price fluctuations have been identified as the primary factor driving higher freight rates for LNG-propelled dirty tankers compared to their conventionally fuelled counterparts.
RefineriesDigest Editorial Desk · · 1 min read
IllustrativePakistan is expected to receive significant energy relief this month as liquefied natural gas cargoes from Qatar begin to arrive, following a period of supply disruption.
RefineriesDigest Editorial Desk · · 1 min read