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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…
Is warehouse demand shifting toward inland markets?
Uncertainty has led shippers to move an increased amount of inventory across inland markets versus port markets, according to experts, but it may not necessarily translate to a shift in demand.
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…
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…
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…
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-…
Why more inventory won’t fix your supply chain’s fill rate
Record inventory but still missing fill rate targets? The problem isn't supply or forecasting; it's your supply chain decision layer. Here's how to fix it.
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…
Context changes everything: what supplier contracts reveal about supply chain performance
Clarity across supplier contracts helps procurement teams uncover savings, risk and performance insights.
U.S. Pushes to Restore Russian Gas Flows to Europe
The United States has discussed with Russia the possibility of restoring natural gas flows to Europe via pipelines running through Ukraine, the Wall Street Journal has reported, citing unnamed sources involved in the talks. The idea came from President Trump’s envoys Jared Kushner and Steve Witkoff and was floated dur…
Returning to Suez, Iran blacklists Sinokor - Maritime in Minutes Oct in review
A round-up of the top maritime and shipping stories in October on the Seatrade Maritime Podcast
Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz
Tensions in the Middle East are escalating again as a tanker was reported on fire after explosive devices were attached to its hull while the vessel was attempting to transit outbound in the Strait of Hormuz. The UK Maritime Trade Operations (UKMTO), which is affiliated with the Royal Navy, said in a warning notice th…
Trump's Russian Diesel Is a Legal Hot Potato With a Five-Year Fuse
A Malta-flagged tanker called the Agioi Fanendes left the Russian port of Primorsk on Oct. 22 carrying nearly 40,000 metric tons of ultra-low-sulfur diesel, and ship-tracking data has it arriving at the Port of New York and New Jersey on Nov. 7, four days after the midterm elections. Nobody has publicly said who bough…
U.S. Pushes Nuclear Energy Expansion in Central Asia and Caucasus
The United States is making a fresh push to promote the use of American nuclear energy technology in Central Asia and the Caucasus. Shawna J. Wilson, Deputy Assistant Secretary of State for Security Programs, traveled to both regions recently for meetings with Armenian and Kazakh officials that explored ways to advanc…
The CCS Project That Passed Every Test Except the Investment Test
Heidelberg Materials’ proposed carbon capture project in Edmonton appeared to contain almost every ingredient policymakers say a successful CCS development needs. It targeted cement, a hard-to-abate industry where most emissions come from the chemistry of producing clinker rather than simply burning fuel. A pilot conf…
Kroger accelerates direct sourcing efforts for better cost control, visibility
The grocery chain seeks to boost first-party procurement volumes to more than 10% while working toward a fully owned import and distribution model.
FedEx drawing parcel-focused shippers to its air freight services
Air freight demand from traditionally parcel-centric customers is rising as the carrier pushes for more business in high-value segments like AI and data centers.