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The U.S. finished lubricants market is seeing another round of sharp price increases, as suppliers respond to sustained inflation in base oils, feedstocks, and additive components, along with continued supply chain disruption. Following JobbersWorld’s recent report on broadening market adjustments, Phillips 66 has issued notice of an additional lubricant price increase of up to 35%, […]

The world’s largest oil supply shock has now entered its second month, with energy markets facing disruptions on a scale never previously experienced in modern history. According to International Energy Agency (IEA) Executive Director Fatih Birol, global supply losses have reached approximately 11 million barrels per day of oil and 140 billion cubic metres of

Rising volatility in global energy markets is forcing shipowners to rethink fuel strategies, with BAR Technologies highlighting a growing shift from long-term decarbonization planning toward immediate commercial resilience. According to the company, disruptions in fuel supply chains, geopolitical tensions, and uncertainty across key shipping corridors are exposing the risks of relying on a single fuel

Global bunker fuel prices have surged sharply in recent days as tensions tied to the U.S.–Iran conflict and the closure of the Strait of Hormuz push crude oil to multiyear highs. The sudden spike has forced container shipping lines to respond quickly, with CMA CGM introducing an emergency bunker surcharge of $150 per TEU on

A major U.S. Supreme Court decision striking down tariffs imposed under the International Emergency Economic Powers Act has created immediate ripple effects across ports, carriers, and logistics providers, as markets brace for both relief and renewed uncertainty. In a 6–3 ruling led by Chief Justice John Roberts, the Court held that tariff authority rests with

China’s latest policy changes and shifting raw material dynamics are setting the stage for new market conditions in the dry bulk shipping sector as 2026 begins. According to shipbroker Intermodal, both steel export controls and iron ore inventory trends are reshaping trade flows and vessel demand. From 1 January 2026, China introduced export licensing requirements

As maritime decarbonization accelerates, the use of biofuels is emerging as a key strategy to reduce greenhouse gas (GHG) emissions. But with new regulations from FuelEU Maritime and the IMO’s upcoming Net Zero Framework, charterparty and fuel supply agreements must evolve to keep pace. Starting in 2025, FuelEU regulates GHG intensity onboard ships, with global

Marine fuel sales in Singapore rebounded sharply in May, hitting a 16-month high with 4.88 million metric tons sold. This marks a 10.8% month-over-month increase and a 1.1% rise year-over-year, according to the Maritime and Port Authority of Singapore. The surge was largely driven by increased vessel arrivals for container movements and bunkering. Analysts attribute

As momentum builds following the IMO’s landmark 2025 Net-Zero Framework, a new brief from the Getting to Zero Coalition and the Global Maritime Forum is offering a clearer picture of where the global shipping industry is heading—and what it will take to get there. The insight brief, IMO’s Policy Measures: What’s Next for Shipping’s Fuel