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IEA Sees Global Oil Supply Drop by 8 Million b/d Amid Middle East War
Mar 12, 2026 ... East disrupts crude flows and tanker movements through the Strait of Hormuz, according to the International Energy Agency (IEA). The conflict has sharply reduced shipments through the key oil ...
VIEWPOINT: Could a Relaxation of Bunker Sulfur Caps Help Ease Oil-Market Pressures?
Mar 12, 2026 ... ease pressures on their energy markets from disruption in the Strait of Hormuz. The US government is seeking to provide insurance for ships transiting the waterway, as well as considering ...
Idemitsu and Consort Bunkers Explore Methanol Supply in Singapore and East Asia
Mar 12, 2026 ... Idemitsu said in a press release on Tuesday. Methanol is seen as one of the more practical alternative fuels because it can be handled using relatively familiar infrastructure compared with some ...
Sing Fuels Hires Vice President for Centre of Excellence
Mar 12, 2026 ... to enhance operational standardisation and organisational integration across the brand’s international trading and supply network," the company said. Dingwani was previously head of ...
US to Release 172 Million bbls of Oil from Reserve in Coordinated IEA Action
Mar 12, 2026 ... oil from its strategic petroleum reserve as part of a coordinated action by members of the International Energy Agency (IEA) aimed at lowering crude prices. The release was approved ...
Bernhard Schulte Adds Hybrid Methanol-Ready Vessel to Fleet
Mar 12, 2026 ... Bernhard Schulte Offshore has taken delivery of the commissioning service operation vessel (CSOV), a hybrid battery-powered ship suitable for conversion to methanol ...
Maersk Implements Emergency Bunker Surcharge Amid Middle East Crisis
Mar 12, 2026 ... what is included in Maersk’s existing Fossil Fuel Fee, allowing the carrier to secure alternative fuel sources and redistribute supplies where needed. The emergency bunker surcharge ...
IINO Lines Completes Biofuel Trial on Wind-Assisted Bulk Carrier
Mar 12, 2026 ... technology. The Yodohime, delivered in 2016, is fitted with a rotor sail system designed to harness wind power to assist propulsion. The system automatically adjusts the rotor’s ...
New Study Raises Doubts Over LNG and Methanol as 'Stepping Stones' to Ammonia
Mar 12, 2026 ... are genuinely designed to be 'ammonia ready.' Without such preparation, the study warns that investments in LNG and methanol risk locking the industry into existing fuel pathways and ...
Drone Attack Hits Fuel Storage at Port of Salalah
Mar 11, 2026 ... Port of Salalah in Oman. Drones hit fuel storage tanks at the Port of Salalah on Wednesday afternoon, the state-backed Oman News Agency reported, citing a security source. No casualties were ...