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Finance & Markets

Tanker Market To Gain Further Impetus From Rising Oil Output in America

Despite the ongoing tension in Hormuz, a series of new developments could offer further oil cargoes from countries like Canada, Mexico and Venezuela, providing new tanker market support. In its latest weekly report, shipbroker Intermodal said that “last week brought a series of developments aimed at strengthening of Venezuela’s oil sector. The US administration announced ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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LNG Bunker Snapshot: ARA price soars as European gas supply risks mount

Weekly changes in LNG bunker prices: ARA up by $178/mt to $1,607/mt Singapore up by $48/mt to $1,537/mt Baltics up by $179/mt to $1,713/mt ARA Rotterdam’s LNG bunker price has surged, tracking a sharp…

  • ARA LNG price surges to $1,607 per mt due to European supply risks
  • US-Iran tensions and Hormuz Strait disruptions drive price increase
  • Dutch TTF contract rises 13% to $28.50 per MMBtu, amplifying LNG costs

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