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Improved efficiency is enabling record U.S. crude oil production from fewer rigs

Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels per day (b/d) in November 2024, according to our estimate in the latest Short-Term Energy Outlook (STEO) published on December...
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Rising US fuel demand will support both refiners and renewable producers

The US move to decarbonize the transportation fuels markets has made allies of two groups historically at odds: refiners and renewable fuel producers. And that relationship is expected to continue to drive US transportation fuel markets in 2025 as demand for both...
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Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end

Russia calls gas sales to Europe ‘complicated’ as deal with Ukraine nears end
Russia said on Monday the situation with European countries that buy its gas through a transit deal via Ukraine was very complicated and needs more attention, a day after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico. Ukraine has said it...
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Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for...
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AST Reygar to Launch New User-Friendly Dashboard for Award-Winning BareFLEET Vessel Monitoring System

AST Reygar to Launch New User-Friendly Dashboard for Award-Winning BareFLEET Vessel Monitoring System
AST Reygar, a leading maritime solutions provider and part of AST Networks, is excited to announce the upcoming launch of a cutting-edge front-end dashboard for its award-winning vessel monitoring system, BareFLEET. Designed with user-friendliness at its core, this...
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FuelEU Maritime implementation delayed for Norway and Iceland

What impact does this have? FuelEU will not apply to Norway and Iceland, the two maritime States that are EEA members, but not EU Member States. They will be considered as third countries, in the same way as other States that are not EU Member States. From 1 January...
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