Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes.Brent crude futures for October settlement fell $2.45, or 2.33%, to $102.64 a barrel by 1022 GMT, after climbing 4.1% on Monday, the biggest increase…

The fuel prices are continued to rise, reaching a record high of Ks 2,600 per liter of gasoline in Yangon, according to fuel stations.The price of gasoline sold on August 31 was Ks 2,605 per liter for 92 Ron, Ks 2,670 per liter for 95 Ron, Ks 3,330 per liter for premium diesel and Ks 3,245 per liter for diesel.The price of gasoline sold on August 30 was Ks 2…

Consumers coping with a straining economy face a new threat: Cyber criminals are targeting everything from their gasoline prices to their beef supply and even their vacations.An ever more aggressive breed of extortionist hackers is adding to the headaches of tens of millions of ordinary Americans by targeting industries critical to daily life…

Marine rescue officials say a commercial tug has arrived to try and save a stranded U.S. barge with millions of litres of fuel onboard off the coast of Bella Bella, B.C.A tug crew is now determining the safest way to pull the barge  which stretches longer than a football field  to safety.The Joint Rescue Co-ordination Centre in Victoria (JRCC) says the Zidell Marine 277 broke free from its tug…

The Inflation Reduction Act has…Indias increased crude purchases from…Irina SlavIrina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.More InfoBy Irina Slav - Mar 14, 2022, 10:30 AM CDTBoris Johnson, the UK’s prime minister, is reportedly planning a trip to Riyadh to discuss a potential replacement of banned Russian oil.According to Sky News…

Fast-growing Scottish maritime technology company RAB-Microfluidics, is scaling up manufacturing of a disruptive new oil analysis device after receiving £2.2million in equity funding led by Par Equity.Aberdeen headquartered RAB Microfluidics is led by CEO Rotimi Alabi, a PHD graduate from Nigeria. The company has developed…

Central Americas most cosmopolitan capital, Panama City has something for everyone, from world-class museums to trendy rooftop bars, fascinating history to phenomenal viewpoints, with wildlife-filled forests and sublime beaches right on the doorstep. While you may get more bang for your buck elsewhere in the region, there…

Black Sea region logistics was heavily affected after the beginning of the Russian-Ukrainian war and the following blockade of Ukrainian seaports.Shortly after the Ukrainian seaports have been blocked by Russian Navy forces, significant part of the container traffic enroute to Ukraine was directed to the neighboring port on the Black Sea Constanta, Romania.

After a long hiatus period, things are starting to heat up in the ship recycling market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that increased optimism has returned to the market this week with various reports that the recyclers themselves have strong demand and desire to acquire any available unit that comes for sale…

The Multi Function Display Mfd Market research report provides detailed observation of several aspects, including the rate of growth, regional scope and recent developments by the primary market players. The report offers Porters Five Forces, PESTEL, and market analysis to provide a 360-degree research study on the global Multi Function Display Mfd market.

Israeli-based shipping line ZIM Integrated Shipping Services (NYSE: ZIM) has signed a ten-year sales and purchase agreement with Shell for the supply of LNG fuel for ten LNG-powered newbuild containerships operating between Asia and the U.S. East Coast.The agreement, signed with Shell NA LNG, LLC, is valued at more than $1 billion.The ten ships will have capacity of 15…

All hands on deck as the OS 35 begins to break.A major incident has been declared in Gibraltar after the bulk carrier OS 35 that grounded following a collision with a LNG carrier earlier this week is now starting to split in two.An update Wednesday from the Gibraltar Port Authority said the hull of the M/V OS 35 has broken…

[Source: MK DB] South Koreas shipbuilders have filed antitrust complaint against industry No. 1 Korea Shipbuilding & Offshore Engineering (KSOE) and dockyards under its arm for allegedly stealing skilled engineers and technicians from them amid labor shortages in shipbuilding boom period. According to shipbuilding industry sources on Tuesday…

Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.This time, companies are focusing on smaller west coast projects they bet will be cheaper and faster to build."Smaller project are easier to manage…

A second oil and gas terminal has been proposed for Harbor Island in Port Aransas, an announcement that came two days after a contentious public meeting about a similar project planned by the Port of Corpus Christi. Also, on the same day as the August 12 public meeting, ship traffic in the Corpus Christi Ship Channel endangered the Texas 361 ferry, forcing passengers to evacuate.