Latest news
Latest news
Every story published across the Atlas commodities, energy, fuel oil, shipping and logistics desks.
IEA Forecasts Global Oil Demand Increase by 2.4 Million BPD by 2027
The International Energy Agency projects a notable expansion in global oil consumption over the coming years, primarily driven by continued economic activity.
India's Crude Imports from Russia Reach New Peak, Exporting Refined Products
India has significantly increased its procurement of Russian crude oil, with volumes reaching a record high. A portion of this imported crude is subsequently refined and exported, including as petrol.
US and Venezuela Announce Oil Agreement
The United States and Venezuela have announced an agreement concerning oil. The nature and specific terms of the arrangement were not immediately detailed.
Tanker Reportedly Struck in Strait of Hormuz
A commercial vessel has been reported as struck while transiting the Strait of Hormuz, coinciding with reports of military actions in the region.
Eni Expands Offshore Exploration Portfolio in Uruguay
The Italian energy firm Eni has acquired a new exploration block in Uruguay, marking its entry into operated offshore assets in the country. This development expands the company's presence within the region's upstream sector.
PetroChina Reports Strong First-Half Financial Performance
The energy conglomerate announced a significant increase in net profit for the initial six months of the year, navigating a period of reduced oil supply.
Global Port Congestion Trends Continue Upward, Drewry Reports
Despite ongoing investment in terminal infrastructure, an analysis by Drewry indicates a persistent increase in port congestion across global shipping lanes.
Kim Heng Establishes Joint Venture for Offshore Wind Farm Development in South Korea
The Singapore-based offshore marine service contractor is partnering with a South Korean firm specializing in marine and civil construction to pursue opportunities in the expanding renewable energy sector.
Shah Alloys Proposes Steel Plant Restructuring and Diversification
Shah Alloys is seeking regulatory and shareholder approval for significant operational changes, including a strategic restructuring of its steel plant facilities and the addition of new business objectives to its corporate charter. The move signals a potential expansion of the company's operational scope.
Indian Refiners Process Russian Crude for Exported Petroleum Products
India has emerged as a significant processor of Russian crude oil, subsequently exporting refined petroleum products. This activity follows a substantial increase in Russian crude oil imports by Indian refiners.
Subsea Construction Vessel Progresses Towards Taiwan Deployment
A new offshore subsea construction vessel (OSCV) is currently en route to Norway for its final outfitting phase before its anticipated delivery to Taiwan.
TotalEnergies Completes Arctic LNG 2 Withdrawal, Retains Loan Claim
The French energy major has finalized its divestment from the Russian liquefied natural gas project, while maintaining its claim for shareholder loan recovery.
Analyst Reports Indicate Potential Global Diesel Supply Constraints
Market observers are evaluating the outlook for diesel markets, with recent analyses pointing to potential future supply challenges.
Geopolitical Tensions Contribute to Rise in Crude Oil Prices
Recent developments in the Middle East are impacting global crude oil markets, leading to upward price adjustments.
US Refining Sector Witnesses Elevated Margin Environment Amid Supply Dynamics
Market conditions for US refiners indicate a period of high profitability, driven by current fuel market trends.
B100 and Liquefied Biomethane See Reduced Price Competitiveness
Market data indicates a shift in the economic viability of certain alternative marine fuels.
Satellite Imagery Captures Activity at Kharg Island Oil Terminal
Recent satellite observation provides a visual record of the oil terminal infrastructure located on Kharg Island, a key facility in global oil distribution.
Enbridge Targets Weekend Restart for Line 5 Pipeline Segment
The Canadian energy infrastructure company is working to restore operations on a portion of its Line 5 pipeline system following a recent operational incident.
Independent Assessment Deems Hemen's Northern Ocean Offer Unfair to Shareholders
A mandatory offer by Hemen Holding for shares of Northern Ocean Ltd has been evaluated by an independent expert, concluding it does not represent fair value for NOL shareholders from a financial perspective.
WTI Crude Prices Advance Amid Geopolitical Supply Considerations
Market observers note a recent uptick in West Texas Intermediate crude oil futures, pushing prices above the $85.50 per barrel threshold. This movement is occurring within a context of developing geopolitical situations in the Middle East.