For decades, the biggest geopolitical risk hanging over the oil market has been the Strait of Hormuz. Before the conflict in Iran began in late February, roughly one-fifth of the world’s petroleum liquids moved through the narrow waterway separating Iran from Oman, making it the most important oil chokepoint in the world. Now that traffic
The Oil Market’s Backup Plan Is Breaking Down 阅读更多 »
Japanese refiners have procured enough crude oil to last them through November, the head of the Petroleum Association of Japan (PAJ) said on Friday, amid yet another twist in supply availability from the Middle East. The temporary shutdown of the East-West oil pipeline in Saudi Arabia following attacks last week added another uncertainty in oil
Japan’s Refiners Have Enough Crude to Last Through November, Industry Body Says 阅读更多 »
November WTI crude oil futures were trading at $96.35 at 0:51 GMT early Friday, up $0.49, or 0.51%, for the week. The contract traded as high as $101.69 and as low as $94.64. The range reflects a market caught between broken Saudi infrastructure and an export workaround that only moves part of the lost volume.
WTI Retreats as Saudi Oil Workaround Eases Supply Fears 阅读更多 »
Politics, Geopolitics & Conflict Poland’s state-controlled refiner, Orlen, lost $230 million on a Venezuelan crude deal the moment it wired the money with no collateral and no bank guarantee. Orlen’s Swiss trading arm signed a $345 million contract with Dubai-based Hannon International on November 29, 2023, for six million barrels of Venezuelan crude, and sent
Trump Advances More Than $27 Billion in Saudi and Israeli Arms Deals 阅读更多 »
Every actor with the power to end this war has instead spent September building permanent infrastructure to live around it. The House voted for a third time Tuesday to curb Trump’s war powers, passing the latest resolution 220-204, but there is little confidence it will make it through the Senate, and if it does, Trump
The Race to Build a World Beyond Hormuz 阅读更多 »
18 September 2026 Container spot freight rates on the transpacific and Asia-Europe continued on their completely divergent directions for the seventh straight week, with Asia-US east coast rates now hitting levels not seen since July 2022. This week’s World Container Index (WCI) by Drewry saw its Shanghai-New York breach the $10,000 per 40ft level, the
Transpacific spot rates top $10,000 as Asia-Europe slide accelerates 阅读更多 »
Saudi Arabia has sold as many as 60 million barrels of crude oil from the Persian Gulf port of Ras Tanura for September and October loadings outside the Strait of Hormuz via ship-to-ship transfers, trade sources told Reuters on Friday. Saudi oil giant Aramco has offered buyers of the crude from the Ras Tanura port
Saudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains Offline 阅读更多 »
USA Rare Earth, a rare earth, critical minerals and advanced materials company, Pasqal, a global leader in neutral-atom quantum computing and Riven Systems, a specialist in AI for industrial chemistry, have announced a strategic partnership to develop next-generation separation technology for the rare earth value chain. Using quantum machine learning, the project aims to identify
Pexel 18 September 2026 The expected post-peak easing in ocean freight rates has failed to materialise, with resilient US import demand, weather disruption and carrier capacity cuts keeping the market under pressure. According to analysis presented during Cargo Trans’ latest FreightTea webinar, September US imports are expected to reach some 2.3m teu – approximately 10%
No post-peak relief for ocean freight as capacity tightens 阅读更多 »
Credit: Boeing 18 September 2026 The shortage of large freighters – and continued uncertainty over the arrival of Boeing’s 777-8F – has prompted US regulators to allow the manufacturer to continue building the current 777F for three years after it falls foul of new fuel-efficiency rules. The FAA this week granted Boeing an exemption allowing
FAA gives 777F three-year lifeline as freighter capacity crunch bites 阅读更多 »