Brent crude oil prices are projected to average $73 per barrel in 2025, down $7 per barrel per barrel from 2024, according to Wood Mackenzie’s latest monthly oil market outlook. The $73 per barrel forecast for this year is revised

Fitch Ratings has raised its TTF gas price assumptions for 2025 and Henry Hub assumptions for 2025-2026, reflecting year-to-date prices, the cold winter this year, and tighter supply and demand. Oil prices and mid-cycle gas assumptions are unchanged. We have

Dan-Bunkering has completed Union Bulk’s first ever bunkering of biofuel in Singapore. The delivery was coordinated by Dan-Bunkering and executed via an STS operation delivering 300 MT of bio residual marine fuel (B24 VLSFO).

Leading global bunker supplier Dan-Bunkering has successfully

Global trade hit a record $33 trillion in 2024, expanding 3.7% ($1.2 trillion), according to the latest Global Trade Update by UN Trade and Development (UNCTAD), which warns that while trade remains strong, uncertainty looms in 2025.

Services drove growth, rising

The Maritime Technologies Forum (MTF) has today released a report providing recommendations on how to develop and implement a Safety Management System (SMS) for ammonia-fuelled ships.

Recognizing the industry’s forecasts on the uptake of future fuels with low to zero carbon

Clean

LR2

MEG LR2’s have been in notable demand this week, as a result freight levels have spiked. The TC1 75kt MEG/Japan index jumped up 21.67 points to WS151.67 and TC20 90kt MEG/UK-Continent assessment climbed $512,500 to $3.89m with $3.9m reported on

Despite formal restrictions, untracked oil continues to reach global markets, calling into question the true effectiveness of oil sanctions. This column presents a novel ship clustering model to detect ‘dark shipping' – where tankers disable their location signals to evade

On February 25, 2025, the Department of Energy (DOE) issued an Order Granting Request for Rehearing and Clarification and Modifying Order (Order 5233-A) (the Modified Order) clarifying that DOE will no longer consider ship-to-ship transfers of liquified natural gas (LNG)

North America

Bunker fuel availability across all grades in Houston is steady this week, with lead times recommended at under seven days.

Fog conditions remain a concern across several US Gulf Coast ports, with visibility fluctuating due to moderate to high fog

SEA-LNG and its members welcome the ongoing discussions at IMO to establish technical and economic measures to achieve the 2023 IMO Strategy on Reduction of GHG Emissions from Ships. Despite the limited time remaining before MEPC83, we remain confident that