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Trump-Backed Trade Corridor Advances Despite Geopolitical Resistance
Armenian officials have commenced design work for the TRIPP trade corridor, even though an operating agreement with the United States remains to be finalized. US and Armenian officials announced in January a preliminary agreement outlining the establishment of an entity, TRIPP Development, that would manage the corrid…
LA Port Strike Threat Deferred Again As Labor Talks Drag On
By Laura Curtis Nov 7, 2026 (Bloomberg) –The union representing about 250 security workers at the US’s busiest ports agreed to continue negotiations on a new labor contract for two more...
Soaring Freight Rates Give US Refiners Edge As Crude Discounts Widen
By Vallari Srivastava and Sumit Saha Nov 6 (Reuters) – The Iran conflict has sent tanker rates soaring, forcing sellers to deepen discounts on heavy crude grades and giving US Gulf Coast...
Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar
Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchas…
Adani Ports Makes Major Push Into Europe With $2.9 Billion Evos Acquisition
India’s Adani Ports and Special Economic Zone (APSEZ) has agreed to acquire Netherlands-based liquid storage operator Evos B.V. in a €2.56 billion ($2.88 billion) deal that will give the company...
EU Lawmakers Push Back Against Approval of Indian Ship Recycling Yards
A European Parliament committee has voted to oppose the approval of two Indian ship recycling yards, dealing a setback to shipping industry efforts to expand access to South Asia’s shipbreaking...
China Adopts Law on Antarctic Activities and Environmental Protection
Beijing has approved a law to improve China's Antarctic research and strengthen regulation of its exploration activities, the official Xinhua news agency reported on Friday.
Hapag-Lloyd Acquires 25% Stake in Maersk’s Maasvlakte II Terminal in Rotterdam
German container shipping giant Hapag-Lloyd has completed its acquisition of a 25% stake in APM Terminals Maasvlakte II in Rotterdam, strengthening its ties with Maersk at one of Europe’s most...
Finland Sees Continued Demand for Icebreakers Despite Warming Winters, Citing Security Concerns
Finland expects to operate at least as many icebreakers in the coming decades as it does today, despite rising temperatures and declining average ice coverage in the Baltic Sea. This is the conclusion of a new government-commissioned report that also highlights growing security requirements and changes in the commerci…
Iran Oil Exports Near Zero But Peace Deal Not Likely, FGE Says
Iranian oil exports have dwindled to almost nothing under the US naval blockade, but the chance of an imminent deal between the two sides to end the war is low, according to FGE NexantECA.
Opinion: Kazakhstan’s Mineral Ambitions Depend on Water
At the Shalkiya lead-zinc mine in Kyzylorda Region, engineers have designed a processing plant that could handle four million metric tons of ore a year. To keep it running, a pumping station would send up to 2,400 cubic meters of water back through the plant every hour. Even with that water going round again, the plan…
Uzbekistan Offers to Host Regional UN Counterterrorism Office at Astana Summit
Central Asian leaders and Jordan’s King Abdullah II met on November 6 to discuss how terrorist groups could use artificial intelligence to recruit members, coordinate their activities, and spread propaganda. At the Aqaba Process summit, Uzbek President Shavkat Mirziyoyev offered to host a Central Asian office of the U…
Kazakhstan’s Sunflower Pellet Exports More Than Triple
Kazakhstan’s exports of sunflower husk pellets reached 63,200 metric tons in the first nine months of 2026, 3.56 times the volume shipped a year earlier. The pellets are made by compressing discarded sunflower seed shells for use as fuel. Export revenue increased by 515% to $3.4 million, according to export figures fr…
Kairat Almaty Hold Atalanta to Draw as Kazakh Club’s European Rise Continues
Kairat Almaty secured one of their most impressive European results on November 5, holding Italian side Atalanta to a 1-1 draw in Bergamo in the UEFA Conference League. The Kazakh visitors came close to a famous victory after taking the lead early in the second half. Atalanta, winners of the Europa League in 2024, nee…
Turkish Official Questions Tokayev’s Proposal for OTS Observer Status for Russia
Kürşad Zorlu, a senior official in Türkiye’s ruling Justice and Development Party, has questioned Russia’s eligibility for observer status in the Organization of Turkic States (OTS), citing its language requirements. At the OTS summit in Ankara on October 30, Kazakh President Kassym-Jomart Tokayev proposed inviting Ru…
Middle Corridor: $55 Billion in Investment Needed to Turn a Transit Route into an Economic Corridor
Developing the Middle Corridor, a transport route connecting China and Europe through Central Asia, the Caspian Sea, and the South Caucasus, will require at least $25 billion in infrastructure upgrades by 2040. The World Bank estimates that another $30.5 billion will be needed for complementary investments in logistic…
Women Queue for Kazakhstan’s Umai Mortgages Amid Questions Over Affordability
Women gathered outside a branch of Kazakhstan’s Otbasy Bank in Almaty’s Zhetysu neighborhood early on November 3, hoping to secure mortgages under a program designed to help women buy homes. Some banks drew up waiting lists, which security guards used to control entry, while others argued as the crowd pressed toward t…
Kazakhstan Inflation Expected to Ease in 2027 Despite Higher Spending
The National Bank of Kazakhstan expects inflation to slow in 2027, but less sharply than previously forecast. In September, it raised its forecast to 6.5%–8.5%, up from 5.5%–7.5%, amid concerns about government spending and other pressures. Akylzhan Baimagambetov, the bank’s deputy governor, said on November 5 that th…
India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg. Despite the recovery of crude oil flows from the Gulf via Hormuz to nearly pre-war levels, buyers…
Uzbekistan Plans to Double Uranium Production by 2030
Uzbekistan plans to double its annual uranium production to 15,000 metric tons by 2030, up from a projected 7,500 this year, as demand for nuclear fuel grows. Tashkent also wants to expand critical mineral processing to produce more finished goods for export. The development plans , published by the president’s office…
China’s Carbon Emissions Plunge 3.1% as Oil Demand Slumps
A decline in fuel use in China’s industrial sector has led to a 3.1% decline in carbon dioxide emissions in the third quarter of the year, the Finnish climate outlet Centre for Research on Energy and Clean Air has reported, as cited by Reuters. The lower emissions from the world’s largest generator of CO2 resulted fro…
Oil Prices Head for 12% Weekly Loss Despite Fresh Tanker Attacks
Crude oil prices were on course for a sharp weekly drop, with both Brent crude and WTI shedding 12% since Monday, following the results of the U.S. midterm elections, which gave rise to hopes that the war in the Middle East could be brought to a swift end. At the time of writing, Brent crude was trading at $99.42 per …
Ammonia-Powered Bulk Carrier Takes on Green Fuel in Australian First
Australia has completed its first green ammonia bunkering operation involving an ammonia-powered bulk carrier, marking another step toward bringing alternative fuels into commercial shipping. The operation took place earlier this...
MARAD Approves $1 Billion Offshore Crude Oil Export Port Off Louisiana
The Trump administration has approved a $1 billion offshore crude oil export project off the coast of Louisiana, clearing a major regulatory hurdle for a facility designed to load some...