The euro zone’s economy stagnated last year, underperforming the rest of the world as former powerhouse Germany struggled with an industrial malaise that has no end in sight, data showed on Tuesday. The 20 countries that share the euro barely avoided a recession in...

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Saudi Arabian state-run oil giant Aramco was directed by the country’s energy ministry to maintain its maximum sustainable crude capacity at 12 million b/d, and not to continue increasing it to 13 million b/d. The company will update its capital spending guidance when...

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Iron ore futures dropped on Tuesday as concerns over the indebted property sector in top consumer China countered optimism from the country’s recent efforts to contain a deepening crisis and shore up market confidence. The most-traded May iron ore contract on China’s...

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Baseblue, a maritime energy solutions provider, has joined forces with Bunker One to spearhead the delivery of GHG-reducing fuel, advancing the industry’s journey towards sustainability. This innovative co-processed fuel, with a GHG reduction of 68.9%, is a small but...

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India’s exports of low-sulphur diesel to Europe are poised to hit a fresh two-year low in January, after an unprecedented high last month, as Red Sea security risks drive up freight costs, trade sources and analysts say. Volumes have so far declined by roughly 80%...

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The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol. In a new Foresight article, Maritime Strategies International predicts that the next 25 years...

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