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Dubai Benchmark Slips Into Contango for the First Time Since July

The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz. Physical flows have been gradually rising for the past two…

OilPrice.com Порты и суда
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Italy approves rail investments for €5.4bn

Italy’s draft budget law for 2027 allocated €5.43 billion to the national rail network over the next two years. The funds will be sent to infrastructure manager RFI, with the Terzo Valico project getting the largest share of the funds with €1.6 billion. According to article 77 of the bill, the ‘Services’ part of the p…

RailFreight.com Средний коридор
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Azerbaijan's electric vehicle imports plunge 56% in first nine months of 2026

Azerbaijan imported 680 electric vehicles between January and September 2026, marking a 56.4% decline compared with the corresponding period of 2025. According to data released by the State Customs Committee, the total value of electric vehicle imports fell by...

Azernews Торговля
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Azerbaijan bets on Caspian winds to build its next energy export industry

For much of its modern history, Azerbaijan's economic and political influence has been closely tied to oil and gas. The country built its reputation as an energy producer long before the current debate about energy diversification and the green transition became a global priority. Its pipelines connected the Caspian b…

Azernews Средний коридор
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Kazakhstan and Azerbaijan agree: “Superferry” and new intermodal terminal for Middle Corridor

Kazakhstan and Azerbaijan are planning a joint intermodal terminal at the Baku International Sea Trade Port. In addition, the two countries want to launch regular high-capacity ferry services between the ports of Alat and Kuryk, dubbed “Superferry” in Azerbaijan. Both projects target freight on the Middle Corridor. Th…

RailFreight.com Средний коридор
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Saudi Aramco Profit Beats Expectations as Oil Prices Soar

Saudi Aramco beat analyst estimates of its third-quarter profit as higher crude oil and fuel prices offset the impact of oil supply disruptions due to attacks on its assets. The Saudi state oil giant on Tuesday reported an adjusted net income of $31.2 billion for the third quarter, up from $28.6 billion for the same p…

OilPrice.com Аналитика
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Évora–Caia delay costs Medway its daily freight Sines-Seville trains

The opening of Portugal’s new Évora–Caia line has slipped once again, this time to 2028, and the first casualty is already known. MSC has reportedly suspended the daily Medway freight service between the port of Sines and Seville, taking around 50,000 containers a year to a Spanish port instead. “Unfortunately, we fou…

RailFreight.com Железные дороги
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Maersk rail service shortens Finland–Asia transit by eight days

Maersk is launching a block train between Haparanda, on the Swedish–Finnish border, and APM Terminals Gothenburg. The service offers businesses in Finland and Northern Sweden an alternative to the conventional feeder route across the Baltic Sea. The first train is scheduled for 5 November. Logistics giant Maersk is ta…

RailFreight.com Железные дороги
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New dawn for Limerick-Foynes freight line

The first train has run on the reinstated Limerick-Foynes Freight Line, ahead of the 2027 restoration of rail access to Ireland’s Port of Foynes. The two-car passenger unit operated during testing over a public holiday weekend at the end of October. It was the first train to traverse the route since its decommissionin…

RailFreight.com Железные дороги
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Laude Smart Intermodal calls on Europe to donate old locomotives to Ukraine

European countries should hand over their old but operational locomotives to Ukraine, the Polish operator Laude Smart Intermodal argues. In turn, Europe could renew its fleet with new locomotives financed with EU aid. Ukraine has lost over 600 locomotives due to Russian attacks, while Polish companies retain several h…

RailFreight.com Железные дороги
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Kazakhstan, Azerbaijan discuss expansion of Middle Corridor

Kazakhstan’s Transport Minister Nurlan Sauranbayev, Azerbaijan’s Ambassador to Kazakhstan Alimirzamin Asgarov, and AZCON Holding representative Shahin Babayev have discussed prospects for bilateral cooperation at a meeting in Astana.

Azernews Средний коридор
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Azeri Light oil price falls 7.66% per barrel

The price of Azerbaijan's Azeri Light crude oil fell by $9.66, or 7.66%, to $116.50 per barrel on a CIF basis at Italy's Augusta port.

Azernews Торговля
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Sanctioned Iranian Tanker Slips Past U.S. Blockade, Delivers Cargo to China

A sanctioned Iranian tanker carrying about 500,000 barrels of liquefied petroleum gas slipped past the U.S. naval blockade and delivered its cargo to China, according to United Against Nuclear Iran (UANI), which says it filmed the ship at a Malaysian anchorage along the way. Tanker laden with Iranian LPG transiting th…

OilPrice.com Порты и суда
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Rare Iranian Strike On Vessel Hundreds Of Miles From Strait Of Hormuz

Sunday saw another vessel attacked in Persian Gulf regional waters. The UK Maritime Trade Operations agency (UKMTO) reported that a ship was struck by two projectiles some 83 miles east of Ras al-Khafji, which is the Saudi town on the Kuwaiti border in the northern Persian Gulf. Significantly and unusually, this parti…

OilPrice.com Порты и суда
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EU approves €30 million in state aid for EUREGIO terminal near Aachen

The European Commission has approved €29.3 million in German state aid for a new rail-road terminal near Aachen. The so-called EUREGIO terminal is set to start operations in 2035. The aid takes the form of a direct grant to the infrastructure company EVS EUREGIO Verkehrsschienennetz, the future owner of the terminal. …

RailFreight.com Железные дороги
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German wagon keepers urge parliament to reverse rail freight funding cuts

The German association of freight wagon keepers VPI has called on the budget committee to reverse planned funding cuts in 2027. The subsidy for track access charges (TAC), for example, would drop to about €200 million, while the TACs themselves are set to rise substantially. The German freight wagon keepers’ associati…

RailFreight.com Средний коридор
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Şanlıurfa light rail construction contract awarded

TURKEY: Şanlıurfa municipality has let a contract to construct the first phase of the city’s future light rail system to a consortium of Sigma İnşaat, Emreray Enerji and Vestan İnşaat. The consortium submitted a winning bid of TL3.39bn, the lowest of seven bids received. Phase 1 involves construction of a 14 km north-…

RailTech.com Железные дороги
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From Hormuz to the Red Sea: Can rail arrive before the next disruption?

The Strait of Hormuz and Bab el-Mandeb are testing the resilience of Middle Eastern trade routes at the same time. Attacks on shipping, threats to energy infrastructure and doubts over maritime security are pushing operators to rethink their routes, vessel availability and insurance exposure. Even where commercial tra…

RailFreight.com Железные дороги
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Ukraine turns to second-hand locomotives: over 600 units lost during war

Ukrainian Railways (UZ) plans to acquire up to 60 used locomotives over the next six months. A World Bank grant of $100 million (about €90 million) should help pay for them. Russian attacks have damaged 605 Ukrainian locomotives so far, the government says. The Ukrainian national rail operator UZ is pursuing several r…

RailFreight.com Средний коридор
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Iraq's Oil Exports via Turkey Surge to 500,000 Bpd

Iraq has boosted its crude oil exports via the Turkish Mediterranean port Ceyhan to 500,000 barrels per day (bpd), as OPEC’s second-largest producer has started trucking Basrah crude to the pipeline system to the north. Iraq has hiked exports from Turkey to 500,000 bpd for the first time since pipeline operations resu…

OilPrice.com Порты и суда
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IMs, operators hand Commission agreed plan on temporary capacity restrictions

Infrastructure managers and operators have handed the European Commission a compromise on rescheduling paths hit by temporary capacity restrictions, as it drafts rules under the EU’s Capacity Management Regulation. A separate operators’ paper goes further, demanding replacement paths at least 120 days ahead, up from a…

RailFreight.com Железные дороги
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Armenia begins preparatory work on TRIPP railway and highway project

The Government of Armenia has effectively already begun implementing the “Trump Route for International Peace and Prosperity” (TRIPP) project, Prime Minister Nikol Pashinyan told lawmakers on Monday, according to Armenpress.

Azernews Железные дороги
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Hungary plans to increase funding for railway projects

Hungary plans to increase funding for railway track and station renewals to HUF 80 billion (€218m) in 2027, from HUF 30 billion this year, while launching a wider investment programme intended to modernise the national network over the next decade. Transport and Investment Minister Dávid Vitézy announced the proposed …

RailFreight.com Средний коридор
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UK Budget offers scant rewards for freight sector

Despite a record number of individual fiscal measures, the UK Budget, delivered by Chancellor John Healey, offered few new incentives for the rail sector. Rail freight can point to an extension of the reduced red diesel duty rate, while the wider railway receives a review of infrastructure costs and several regional i…

RailFreight.com Средний коридор