U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to average 13.2 million b/d, according to our Petroleum Supply Monthly. Almost all the production growth came from the Permian region.

Our Short-Term Energy Outlook (STEO) breaks out

SEA-LNG congratulates the IMO and its delegates on reaching the agreement on a regulatory framework for GHG emissions reductions last Friday. We are pleased to see that the IMO has held firm to its principles of goal-based, technology neutral regulation.

The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining

Statistically, data indicates that a vessel will suffer between one and two incidences of main engine damage over the course of its operational lifetime. The average damage costs have been estimated at around $650,000 per incident, with even more damaging

Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot between two vessels at a terminal in the port of Rotterdam on 12 April, 2025. This marks an important step in preparing the port for vessels bunkering clean

Clean
LR2
MEG LR2’s gradually softened this week. The TC1 75kt MEG/Japan index dropped from WS250 to WS130.28 and a TC20 90kt MEG/UK-Continent was also assessed $271,000 lower at $3.73m.
West of Suez, Mediterranean/East LR2’s remained dormant with the TC15

As a meeting of the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC 83) closes today, the Clean Arctic Alliance welcomes member states' approval of a proposal for a new North-East Atlantic emission control area, scheduled to enter into

After many years of negotiations, the International Chamber of Shipping (ICS) welcomes the agreement Friday at the United Nations’ International Maritime Organization (IMO), the shipping industry’s global regulator, of a critically important package of new greenhouse gas (GHG) emissions reduction

The UN’s International Maritime Organization (IMO) has agreed on a key climate policy for global shipping–including pricing of emissions–aimed at delivering on the 2023 Revised Strategy goals: an equitable transition to net-zero by/around 2050.

This follows a vote in the MEPC

At the end of the 14th week, the global bunker indices (MABUX) maintained a moderate upward trend. The 380 HSFO index increased by 5.94 USD, rising from 503.31 USD/MT last week to 508.53 USD/MT, staying above the 500 USD mark.