The commodity trader reported record first-half revenue of $3.5 billion and expects full-year volumes above 10 million tonnes as it moves into crude and scales jet fuel trading.
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The commodity trader reported record first-half revenue of $3.5 billion and expects full-year volumes above 10 million tonnes as it moves into crude and scales jet fuel trading.
Alkagesta posted record first-half 2026 results, with $3.5 billion in revenue and full-year volumes expected to top 10 million tonnes, supported by new product lines, expanded storage and a wider international network.
Dry bulk rates are redrawing the map of least-cost origin for several importing regions.
Commodity trader Vitol acquires its first data center campus from Meridian Gridworks w.media
France’s engineering player Technip Energies has been hired to provide detailed engineering services for a […] The post L&T taps Technip Energies for engineering work on ADNOC’s major offshore gas project appeared first on Offshore Energy .
Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for nuclear power, and rising electricity demand from the AI infrastructure boom. Uranium futures then retreated and remained range-bound between $84 and $87 for five months. But momentum has returned in August, with prices approaching $89 a pound, the highest level since early February. The ongoing theme is that years of underinvestment have limited mine supply growth…
Australia's biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels.
Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector. Representatives of the five refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico, and Attock Refinery Limited (ARL), have met with Pakistan’s Federal Minister for Petroleum, Ali Pervaiz Malik, to discuss the so-called Refinery Upgradation Policy, local daily Business Recorder…
Crude oil is “very quietly” moving through the Strait of Hormuz at a premium of about $10/b, but products are not, leading to a “very strange” market dynamic with bearish crude and bullish fuel, TotalEnergies CEO Patrick Pouyanne said Aug. 24, while restating the company’s commitment to the Middle East. Speaking at the ONS oil ...
Rotterdam Rotterdam’s LNG bunker price has jumped by $70/mt, mirroring gains in the front-month Dutch TTF natural gas contract. Over the past week, TTF has climbed by around 6% to $22.41/MMBtu ($1,165/mt). The latest rally in TTF prices has been driven by the escalating US-Iran tensions and growing concerns over energy shipments through the Strait ...
Canada Post announced on Friday that it plans to introduce weekend parcel delivery in three major cities later this year, part of a plan to modernize its business model and capture more parcel business from electronic retailers as it tries to return to profitability. The postal carrier credited this year’s resolution of a drawnout labor dispute with restoring customer confidence in the second quarter, which sparked an early-stage recovery of parcel business and helped reduce the pre-tax loss by a third to US$199.7 million. The state-owned company also said it reduced costs by 6.3% during the q
Four shipping companies from Sweden, Norway, and Canada see a bright future in the European intermediate tanker market and are ordering four new VINGA ships — taking the series, developed by Furetank, to a remarkable 26 vessels. The new investment was announced on Friday in conjunction with the naming ceremony for FURE VASA, a newly ...
The U.S. Maritime Administration is preparing to activate SUNY Maritime College’s training ship Empire State VII for a federal mission expected to last approximately 170 days, potentially taking the vessel away from...
Venezuela is considering whether it should quit OPEC, according to people familiar with the matter.
2025 was another positive year for global seaborne iron ore trade. In Jan-Dec 2025, global loadings of iron ore increased by +3.5% y-o-y to   Source: banchero costa & c s.p.a
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fourth consecutive session on Tuesday, rising about 1.5% to a fresh high since August 12 at 2,926 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for a fourth ...
Freight broker RXO said Tuesday that its truckload spot rate index recorded its biggest sequential gain in five years during the second quarter. The dataset, which tracks linehaul rates excluding fuel surcharges, has continued to step higher in the third quarter. “The index has not experienced this level of rate inflation since pandemic-era surges, with the second quarter hitting both the highest year-over-year reading and largest sequential increase since the second quarter of 2021,” the report said. RXO’s ( NYSE: RXO ) Curve Report showed second-quarter spot rates were up 32.4% y/y, an accel
#fwtv_MNSswMZkJ8 .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_MNSswMZkJ8 .fwtv-panel p{margin:0 0 12px}#fwtv_MNSswMZkJ8 .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Private fleets face mounting costs while carrying over $100 billion in empty backhaul capacity. Russell Jones, CEO of Private Fleet Net Zero, explains how his platform unlocks this unused capacity, offering freight brokers a 25% discount and higher service levels. Discover how digital freight matching for private fleets can transf
Credit terms, not commission, are becoming the competitive battleground for brokerage desks.
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Fuel oil and petroleum products trading · Malta
Alkagesta is a commodity trading company active in petroleum products, with a business built around fuel oil, gasoil and related refined products. Its activity spans physical supply, storage and the shipping arrangements required to move cargoes between refining centres and demand markets.
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