A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off arbitrage routes for crude from the U.S. to Europe and Asia and is preventing oil from the Atlantic Basin from heading east, traders said. The WTI price surge, driven by...

Read More

MISC Berhad (MISC) has entered into a new partnership agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun) for the sale and charter of two of its existing LNG carriers. Under the terms of the transaction, MISC will transfer ownership of the LNG...

Read More

Uni-Tankers, a leading tanker shipping company, and KPI OceanConnect, a leading global marine energy solutions provider, today announced they have completed the successful supply and trial of a bespoke blend of B30 biofuel on Uni-Tankers’ M/T Alsia Swan. The trials...

Read More

Asia’s refining margin for 380-cst high sulphur fuel oil (HSFO) slipped to five-month lows on Tuesday, while cash premiums inched lower for a sixth consecutive session. The October 380-cst HSFO crack fell to a discount of $14.23 a barrel at the Asia close (0830 GMT),...

Read More

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven) for a total purchase price of EUR 407 million including a conditional deferred payment of EUR 19.5 million. Total...

Read More