The first shipment of Russian diesel destined for the United States under a new energy agreement between US President Donald Trump and Russian President Vladimir Putin is heading towards New York, marking a significant shift in energy trade between the two countries. According to Reuters, shipping data from LSEG shows that the Malta-flagged tanker Agioi […]
Russia is preparing to send its first diesel cargo to the United States on Thursday, October 22, 2026, in a development that highlights the complexities of global fuel markets amid continuing geopolitical tensions between Washington and Moscow. The shipment, announced by Russian officials on Wednesday, October 21, comes as energy traders navigate changing supply routes, […]
US Secretary of State Marco Rubio has described India as a “refining superpower”, signalling Washington’s interest in expanding energy cooperation with Indian conglomerate Reliance Industries, particularly in refining Venezuelan crude oil and potentially increasing production in Venezuela. Speaking to reporters in Mumbai on Tuesday during his visit to India, Rubio said Reliance had the technical […]
US President Donald Trump says Taiwan has agreed to purchase 30% of the liquefied natural gas (LNG) produced by a proposed Alaska pipeline project over the next 20 years, in a move that could strengthen US energy exports and support the multibillion-dollar development. Trump made the announcement at a campaign rally in Wasilla, Alaska, on […]
Russia says it could increase diesel exports to between 3 million and 3.5 million metric tonnes per month by the end of the year, potentially exceeding the volumes announced by US President Donald Trump under a recently agreed fuel supply arrangement. Russian Deputy Prime Minister Alexander Novak said on Monday that Moscow had the capacity […]
Russian President Vladimir Putin has renamed the planned Power of Siberia 2 natural gas pipeline to China as the Power of Baikal, Russia’s Energy Minister Sergei Tsivilev announced on Wednesday. Tsivilev made the announcement at the Eastern Economic Forum in Vladivostok, saying the project was in the final stages before construction. He did not provide […]
Peru has announced that it is severing diplomatic relations with Iran, citing escalating conflict in the Middle East, concerns over Iran’s domestic human-rights record and disruption to international shipping through the strategic Strait of Hormuz. The decision marks a significant diplomatic step by the South American country as the confrontation between Iran and the United […]
Washington signals tougher sanctions while Gulf shipping risks deepen The United States has warned Iran that it is preparing to significantly increase economic pressure after two additional oil tankers were attacked while transiting the Strait of Hormuz, escalating fears of a wider regional confrontation and renewed disruption to global energy supplies. The latest incidents involved […]
Energy markets remain cautious as negotiations continue in the Middle East Commercial shipping traffic through the Persian Gulf and the Strait of Hormuz remained largely steady on Wednesday despite continued uncertainty surrounding ongoing peace and security talks involving regional powers and international mediators. Maritime tracking data showed that oil tankers, liquefied natural gas carriers, and […]
Egypt’s parliament has approved four new oil and gas exploration and development agreements, including a major project involving Perenco North Sinai Petroleum, as the government intensifies efforts to increase domestic energy production and strengthen the country’s long-term energy security. Four New Energy Agreements Approved The approved agreements cover exploration and production activities across North Sinai, […]