Jet fuel prices in Asia rose to their highest against gasoil in five years on Tuesday, buoyed by strong demand for the fuel used for winter heating and aviation, according to LSEG data and trade sources. The prompt-month re-grade spread, or the price differential...

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Middle Eastern benchmarks Oman and Murban extended losses on Tuesday as spot trades winded down towards the end of the month and as the market awaited for the major oil producers to reveal their output policy. Spot premiums for Oman and Murban fell to $1.05 and $1.09...

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A newly-minted EU agreement on waste shipments is set to remove a legal roadblock to make it possible for a raft of non-OECD ship recycling yards to be included on an EU-approved list, which would unleash much-needed shipbreaking capacity for a massive wave of tonnage...

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Saudi Arabia, Russia and other members of OPEC are scheduled to meet online on Thursday and could make further changes to an agreement that already limits supply into 2024, according to analysts and OPEC+ sources, to support the market. The Organization of the...

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Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has acquired an additional 2016-built 181,000 dwt scrubber-fitted Capesize vessel, the Genco Reliance, for a purchase price of...

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