China, the world's largest importer of crude oil, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data. Refiners in China imported record volumes of crude oil in

Europe & Africa

Availability of HSFO is still tight in Rotterdam and across the wider ARA hub, a trader told ENGINE. Suppliers are unable to offer the grade for very prompt delivery dates. Lead times of 5-7 days are advised for

Imagine a harbor in a major maritime conflict. A large container ship sits idle because the liquefied natural gas (LNG) fuel it requires is unavailable in the war zone. It is nominally dual-fuel capable, but the diesel system has been

In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as artificial intelligence (AI), blockchain, cloud computing, the Internet of Things (IoT), robotics, and

Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broader market rose by 0.67%. Despite this recovery during the shortened Christmas week, the UPI faced uncertainty as moving averages signaled mixed trends

North America's liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d in 2028, if projects currently under construction begin

Europe & Africa
HSFO supply in the ARA is still tight for very prompt delivery dates. A trader recommends lead times of 5-7 days for optimal coverage.

Availability of both VLSFO and LSMGO is normal in Rotterdam and the wider ARA

European storage draws quicker than expected
The European natural gas market has strengthened as we move deeper into the 2024/25 winter. TTF front-month prices have traded close to EUR50/MWh and to levels last seen back in November 2023. Storage started

In 2015, a Macquarie Asset Management (MAM)-managed fund, Macquarie Infrastructure Partners III (MIP III), acquired a significant minority stake in Ceres Terminals, a stevedoring provider that owned and operated marine container terminals serving cargo vessel operators across North America.

MAM saw

FuelEU Maritime is part of the EU’s