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Bunker Prices in Primary Ports Jump 8% to 8-Month High on Middle East Conflict
Mar 2, 2026 ... could be a series of price shocks over the coming week, with many analysis predicting $100 oil in the very near future - a development that would send VLSFO over $750/mt. US Secretary of ...
Oil Leaps As Strait Of Hormuz Blockage Continues, Analysts Fear Long-Term Disruption
Mar 2, 2026 ... shutdown across the Middle East of oil facilities amid U.S./Israel military strikes on Iran and retaliation by Tehran caused another massive hike in crude prices on Monday, with investors ...
FEATURE: Fujairah Bunker Market in Limbo as Traders Seek Strait of Hormuz Clarity
Mar 2, 2026 ... With the vast majority of Fujairah's demand coming from ships needing to cross this key chokepoint for global shipping, little in this market will change until more clarity ...
Early Indications Show VLSFO Price Rises of Around 10% at Key Hubs Following Iran Strikes
Mar 2, 2026 ... the Middle East refining industry's high output of middle distillates. ICE March low-sulfur gasoil futures traded at $904/mt as of 12:50 PM in London, up from $752.75/mt at Friday's ...
Mureloil Launces Hybrid Bunker Tanker for Repsol Charter
Mar 2, 2026 ... shipowner Mureloil has launched a diesel-hybrid bunker tanker capable of supplying methanol, ethanol and biofuels to ships for charter to energy firm Repsol. The vessel, named ...
Eight OPEC+ Members Announce April Output Increase
Mar 2, 2026 ... OPEC+ members have agreed to implement an oil production increase in April as regional tensions escalate. Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman have ...
Platts Suspends Bids and Offers for Products Shipments Transiting Strait of Hormuz
Mar 2, 2026 ... or offers for refined products on an FOB Arab Gulf or FOB Fujairah basis for naphtha, gasoline, gasoil, jet fuel or fuel oil that specify, as a condition of the bid or offer, loadings from any ports ...
Most Middle East Ports Operating Normally Despite Isolated Incidents
Mar 2, 2026 ... aerial vehicles targeted the area, injuring one worker, according to the Oman News Agency. An oil tanker was also attacked about five nautical miles north of the Port of Khasab, with all crew ...
Bunker Buyers Brace for Highest Prices in Years as Analysts Expect Oil to Hit $100/bbl Following Iran Strikes
Mar 2, 2026 ... Should such a jump occur, bunker buyers can expect to be paying around $750/mt for VLSFO in the primary ports. ...
IMO Secretary-General: Vessels Should Avoid Transiting Strait of Hormuz
Mar 1, 2026 ... head of the IMO has recommended commercial shipping avoids transiting the Strait of Hormuz after several attacks on ships there on Sunday. "I urge all shipping companies to exercise ...