Egypt, AD Ports Group ink $4.7m deal to develop Red Sea ports
The Egyptian General Authority for Red Sea Ports and the Abu Dhabi Ports Group (ADX) signed A…
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Red Sea
Oil surges on Wednesday
Oil prices surged following another attack on a ship in the Red Sea, escalating tensions in the Middle East just…
Oil declines on Tuesday
Oil declined as indicators pointed to a softer market despite heightened geopolitical tensions ahead of an OPEC+…
China coal prices poised to rebound
China's domestic coal prices are expected to surge past 2023 highs this year.
Oil retreats from 5-m peak on Monday’s opening
Oil retreated from a five-month peak following Israel's announcement of troop withdrawal from Gaza, with traders…
Egypt to purchase LNG to curb potential summer shortage
Egypt has initiated the purchase of liquefied natural gas (LNG), a notable departure for the typically exporting…
Asian diesel margins heat up amid supply surplus, sea concerns
Asia’s diesel production margins are under increasing pressure due to an oversupply as major exporters ramp up…
Egypt’s non-oil activity suffers over Suez Canal disruption
Egypt's private sector activity declined in February, with the Suez Canal freight drop and foreign currency…
Maersk: Red Sea disruptions could extend to H2 of ’24
Maersk, the Danish shipping company, has warned its clients to expect disruptions in the Red Sea to continue into…
Oil tanker crisis intensifies as Red Sea attacks divert trade
The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…