Crude Oil Price Movements In February, the OPEC Reference Basket (ORB) value increased by $5.59/b, month-on-month (m-o-m), to average $67.90/b. The ICE Brent front-month contract increased by $4.64/b, m-o-m, to average $69.37/b, and the NYMEX WTI front-month contract...

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The 32 Member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East. The decision to...

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“Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of 11.8m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. In 2025,...

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The ongoing disruption in oil flows due to the US-Israel war with Iran has pushed Asia’s benchmark high sulfur fuel oil cash differentials to their highest levels since the International Maritime Organization prohibited ships from using fuels with more than 0.5%...

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Eight ships crossed through the Strait of Hormuz on March 10, up from three ships the day before, according to an S&P Global Commodities at Sea report on March 11. Two of the ships were tankers, both sanctioned, according to the report. The US-sanctioned Marser, a...

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