U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output,...

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Asian spot Liquefied Natural Gas (LNG) prices rose for the fourth straight week and hit its highest level in five months amid firm demand, tracking European gas market gains amid concerns over possible disruption to Russian gas supply. The average LNG price for July...

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Port of Tanjung Pelepas SdnBhd (PTP), a joint venture between the MMC Group and APM Terminals in Malaysia, has signed an agreement with Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC) for the purchase of five Ultra Large Container Vessel (ULCV) Quay Cranes. This...

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Lakeway Link AB, in its latest strategic move towards sustainable operations, has announced a significant new partnership with ScanOcean AB, a leader in renewable marine fuel solutions. This collaboration marks the introduction of B15-DMA, a marine fuel with 15%...

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Yemen’s Houthis launched attacks on three ships in the Red Sea, Mediterranean Sea and Arabian Sea, the Iran-aligned group said on Friday, although the manager of the ship allegedly attacked in the Mediterranean said there was no sign of such an incident. The reported...

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Onshore fuel oil stockpiles at key storage hub Singapore plummeted to a 5-1/2-year low, latest data showed, as incoming supplies to Asia fell with the Middle East exporting fewer cargoes due to peak summer demand. Singapore’s fuel oil inventories STKRS-SIN fell 17.46%...

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