Bosphorus Strait Vessel Traffic Halted for Transit of Massive LNG Platform
https://shipandbunker.com/news/emea/211212-bosphorus-strait-vessel-traffic-halted-for-transit-of-massive-lng-platform

The passage of the floating production platform will last for 11 hours.

BUNKER JOBS: FincoEnergies Seeks Bunker Operator in Rotterdam
https://shipandbunker.com/news/emea/526186-bunker-jobs-fincoenergies-seeks-bunker-operator-in-rotterdam

The company is looking for candidates with experience in oil, storage and biofuels as well as good Dutch and English.

Crude Futures Jump as US Court Blocks Trump Administration's Tariff Changes
https://shipandbunker.com/news/am/665235-crude-futures-jump-as-us-court-blocks-trump-administrations-tariff-changes

The US Court of International Trade found on Wednesday that the Trump Administration did not have the authority to set tariffs using emergency economic powers legislation.

Panama Cracks Down on Shadow Fleet with New STS Transfer Rules
https://shipandbunker.com/news/am/228916-panama-cracks-down-on-shadow-fleet-with-new-sts-transfer-rules

All Panama-flagged vessels over 150 GT must now notify authorities 48 hours before any planned ship-to-ship oil transfer.

Northstar Acquires French Bunker Firm AZURenergies
https://shipandbunker.com/news/emea/145705-northstar-acquires-french-bunker-firm-azurenergies

AZURenergies now aims to expand its infrastructure and product offering, including biofuels.

US crude stocks drop significantly, signaling bullish market conditions
https://www.hellenicshippingnews.com/us-crude-stocks-drop-significantly-signaling-bullish-market-conditions/

The American Petroleum Institute (API) has reported a significant decrease in the inventory levels of US crude oil, gasoline, and distillate stocks, indicating a bullish market for crude prices. The latest API Weekly Crude Stock report showed a sharp decline in crude inventories, further emphasizing the increasing demand for petroleum in the US. According to ...

Oil prices climb $1 as US court blocks Trump tariffs
https://www.hellenicshippingnews.com/oil-prices-climb-1-as-us-court-blocks-trump-tariffs/

Oil prices rose by around $1 a barrel on Thursday after a U.S. court blocked most of President Donald Trump’s tariffs, while the market was watching out for potential new U.S. sanctions curbing Russian crude flows and an OPEC+ decision on hiking output in July. Brent crude futures climbed $1.12, or 1.7%, to $66.02 a ...

EU, UK push for lowering Russia oil price cap
https://www.hellenicshippingnews.com/eu-uk-push-for-lowering-russia-oil-price-cap/

The EU and UK are keen to lower the price Russia gets for its legally sold seaborne oil. However, there appears to be reluctance from the Trump administration. The European Union and the UK are pushing for a lowering of the oil price cap — a key economic sanction against Russia. The price cap is ...

What OPEC+ oil output cuts are in place?
https://www.hellenicshippingnews.com/what-opec-oil-output-cuts-are-in-place-2/

OPEC+ oil producers have three layers of output cuts in place after agreeing the first cutback in 2022. This year, eight OPEC+ members have started to raise production and unwind the third and most recent tranche of cuts. The 22-member OPEC+ will hold an online meeting on Wednesday, which is not expected to change output ...

UK Club confirms trend towards higher underwriting deficits
https://www.lloydslist.com/LL1153689/UK%20Club%20confirms%20trend%20towards%20higher%20underwriting%20deficits?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

‘Significant challenges’ for both Thomas Miller-managed club and wider industry, admits chief executive Taylor

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CMB.Tech and Golden Ocean sign merger plan agreement
https://www.lloydslist.com/LL1153695/CMBTech%20and%20Golden%20Ocean%20sign%20merger%20plan%20agreement?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss

Belgian shipowner CMB.Tech has inched closer to acquiring Golden Ocean Group in a stock-for-stock merger

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