Western European Sovereigns Outlook Is ‘Neutral’ for 2026
Fitch Ratings’ 2026 sector outlook for western Europe is ‘neutral’, as most countries have proved to be more resilient to…
German president says US is destroying world order
German President Frank-Walter Steinmeier has strongly criticised the U.S. foreign policy under President Donald Trump and urged the world not…
Britons splurge on food, cut back on gifts as retailers warn of tough 2026
Britons prioritised festive food but thought twice about spending on clothing and gifts over Christmas, trading updates from Tesco TSCO,…
India expects strong economic growth despite US tariff hit
India’s economic growth is estimated to surge past most initial private and official forecasts, backed by robust domestic demand and…
Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says
The U.S. has begun marketing Venezuelan oil and all proceeds from its sale will initially settle in U.S.-controlled accounts at…
Indonesia mulls palm oil export levy hike to support biodiesel mandate
Indonesia will likely increase its palm oil export levy to support the country’s biodiesel mandate, energy ministry official Eniya Listiani…
East Asian refiners show little interest in Venezuelan crude but watch for steep discounts
East Asian refiners, traditionally favoring light, sweet US crude from the Americas and lacking refinery setups for heavy, sour Venezuelan…
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan…
Designing offshore vessels for market resilience
As costs rise and forecasts shifts, owners are seeking designs that balance opportunity across offshore wind and oil and gas.…
Why the VLCC market had one of the strongest years in a decade — and what could lie ahead: 2025 market review and outlook for 2026
The VLCC market has just wrapped up one of its most powerful freight environments in years. Earnings surged past $100,000…