The first vessel carrying liquefied natural gas (LNG) for Germany’s Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas. Private company Deutsche ReGas said that Energos Power, a...

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The Yemen-based Houthi attack last week on a UK-owned ship in the Red Sea caused a 29-kilometer (18-mile) oil spill, the US military said early Saturday. The Rubymar, a Belize-flagged vessel, was attacked on February 18, the US Central Command (CENTCOM) said in a...

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As a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Pollution Prevention and Response (PPR 11) closed today in London, the Clean Arctic Alliance called on the IMO to urgently adopt a mandatory regulation requiring ships to move to...

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Shipping volumes through the Suez Canal more than halved last week, while volumes on the alternative route around the Cape of Good Hope surged, as attacks by Houthi rebels on commercial vessels force major operators to divert away from the key global trade artery....

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The European Central Bank is not really known as a central bank that makes swift shifts in its policy decisions. The minutes of the ECB’s January meeting nicely illustrate the currently ongoing shift in the ECB’s inflation assessment, but the very cautious and gradual...

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US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private consolidation, and declining rig activity. However, the repercussions of these decisions will impact supply moving forward as...

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