Spot premiums for US crude grades are expected to continue rising as Asian refiners ramp up WTI Midland crude imports to bridge the gap caused by reduced Middle Eastern cargo deliveries, making US suppliers and producers clear winners in the latest Persian Gulf...

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As it approaches a month since war broke out between the United States and Israel and Iran, the order books of Korea’s shipbuilders show no signs of being hit. Some even said contracts are being concluded faster than before, unlike in the past when shipowners tended...

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The US has called on the IMO to “end consideration” of the Net-Zero Framework and not resume the Marine Environment Protection Committee’s Extraordinary Session 2 (MEPC ES 2). The MEPC ES 2 session was adjourned in October 2025 for 12 months. Its possible resumption...

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On Thursday after the market close, President Trump announced on Truth Social that the U.S. was pausing strikes on Iran’s energy sector for ten days, to April 6th, so peace negotiations can take place. Ideally, a ceasefire will emerge, and the Strait of Hormuz will...

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European households are reporting a decline in savings compared to a year ago, with rising living costs and a growing reluctance to disclose financial status defining the region’s economic landscape, according to ING Consumer Research in a note dated Monday. In a...

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President Donald Trump touted “progress” in potential negotiations with Iran on Monday, but threatened to carry out strikes on a range of targets in the country if a deal is not reached shortly. In a Truth Social post, Trump said the U.S. was engaged in “serious...

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