August 13, 2022

The Ministry of Infrastructure of Ukraine reported on Saturday Barbados-flagged Fulmar S cargo ship left the port of Chornomorsk and headed to Turkey. According to the ministry, the ship formed a caravan with Marshall Island-flagged Thoe bulk carrier, bringing the total number of vessels to depart the country under a UN-brokered deal to 16.  …

The soaring natural gas prices have driven up the global demand for oil, the International Energy Agency (IEA) said on Thursday.   In its monthly report, the IEA said that high temperature and soaring natural gas prices have made power generation switching necessary in some countries, which are now using oil to generate electricity.  …