The US has produced 2% more fuel oil per day on average in July thus far compared to June, according to the Energy Information Administration (EIA). Changes in monthly US residual fuel oil from June to July (so far): • Production up 6,000 b/d to 309,000 b/d • Supply...

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China, the world’s largest importer of crude oil, imported less crude oil in the second quarter of 2026 (2Q26) following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz. China’s lower imports reduced global demand, softening the...

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The Baltic dry index rose 2.2% to 2,732 on Friday, its highest level since July 27. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, advanced 3.1% to 4,296, its highest level in two weeks. The panamax index, which...

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Vessel traffic through the Strait of Hormuz remains limited as the US and Saudi Arabia attacked Iranian proxy groups in Iraq in response to Iran’s attempted attacks on US forces the previous day. The US Central Command (CENTCOM) said it struck dozens of Islamic...

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South Korea is set to receive up to 1 million barrels per year of condensate from Australia’s Barossa project as SK Innovation E&S plans regular equity cargo lifts, addressing concerns over irregular Middle Eastern ultra-light crude supplies and strengthening the...

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NYK has decided to participate in an investment in MidOcean Energy, a United Kingdom-based liquefied natural gas (LNG) company established and managed by EIG, a leading institutional investor in the energy and infrastructure sectors headquartered in the United States....

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