Latest news
Latest news
Every story published across the Atlas commodities, energy, fuel oil, shipping and logistics desks.
Anticipated Fuel Price Increase Effective Wednesday
Commodity market participants are observing an expected adjustment in fuel prices, slated to take effect from the upcoming Wednesday. This development signals potential shifts in operational costs for various sectors reliant on refined petroleum products.
TenneT Awards Contract for Dutch Offshore Cable Integrity Surveys
Dutch transmission system operator TenneT has selected a contractor for annual integrity assessments of its offshore cable infrastructure in the Netherlands.
TenneT Awards Contract for Dutch Offshore Cable Integrity Surveys
Netherlands-based survey firm Deep has secured a contract from transmission system operator TenneT to conduct annual integrity assessments of offshore electricity cables.
Etu Energias Acquires Increased Stakes in Angolan Deepwater Blocks from Chevron Subsidiary
The Angolan energy firm has finalized a substantial transaction to expand its holdings in two key offshore concessions, potentially impacting operational control.
Taiwanese Bunker Fuel Sales Reach 21-Month Peak in July
Bunker fuel sales volumes in Taiwan experienced a significant increase during July, reaching their highest point in almost two years. This surge indicates a notable shift in regional bunkering activity.
Taiwanese Bunker Fuel Sales Reach Significant High in July
Taiwan's bunker fuel market experienced a notable increase in sales volumes during July, reaching levels not observed in nearly two years.
Russia Prolongs Diesel Export Restrictions Amidst Domestic Refinery Maintenance
The Russian government has extended its ban on diesel exports, a measure initially implemented to stabilize the domestic fuel market during a period of planned refinery shutdowns and maintenance.
Crude Oil Futures Advance Amid Middle East Tensions
Market observers note rising crude oil futures for a fourth consecutive day, as geopolitical developments in the Middle East draw attention to critical shipping lanes.
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.
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.
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.
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.
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.
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.
Equinor Announces Board of Directors Change
The energy company has confirmed an alteration to its governing body, impacting its operational oversight.
Tanker Freight Rates Reach Record Levels Amid Strait of Hormuz Disruption
The global tanker market is experiencing unprecedented rate increases following operational adjustments necessitated by the Strait of Hormuz situation.
Osaka Government Supports Blockchain-Based Trade Finance Initiative
A new project aims to integrate digital identity and export factoring onto a blockchain platform, leveraging distributed ledger technology for international trade transactions.