David Wech News Today

Brent crude futures, the benchmark, have climbed 16% in 2024 to just under $90 a barrel, a level last breached in late October.

According to Lloyd’s List Intelligence vessel-tracking data, yesterday saw the lowest vessel activity in the Red Sea since shipowners and charterers in all sectors first started to reroute around the Cape of Good Hope in November last year

As the missiles fly and ships divert, the Lloyd’s List team are joined by industry experts to offer expert views on how the events in the Red Sea are going to be shaping shipping markets and risk assessments globally over the coming days and weeks

Natural-gas and crude markets rose, but ample global supplies of the two fuels are keeping the advance in check.

After extending its production cut, Saudi Arabia is set to deliver full crude oil volumes by contract to buyers in North Asia in October.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Saudi Arabia’s production cuts have already sent prices significantly higher, but the market hasn’t seen the full impact yet.

Hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Diesel markets in the U.S. and globally are less tight than feared at the start of this year, and fears of a shortage this driving season are easing

India is snapping up discounted crude from Russia, refining it and selling it, becoming a key supplier to Europe as it reshapes global fuel flows more than a year into Moscow's war in Ukraine.