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Tankers, LNG & LPG

Stay up to date with the latest in Tankers, LNG & LPG— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.
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UAE’s departure from the OPEC oil cartel is not without precedence. Who could be next?

30 Apr, 2026
The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision fol...

UAE exits OPEC: what it means for oil prices

30 Apr, 2026
The UAE has quit OPEC effective 1 May 2026, putting up to 1.6 mb/d of additional supply on course to hit markets once the Strait of Hormuz reopens. The United Arab Emirates (UAE) announced on Tuesday its withdrawal from the Organization of ...

Prolonged war could send oil up to $115/b, with surplus returning by 2027: World Bank

30 Apr, 2026
A 1% reduction in oil production due to a geopolitical shock typically leads to crude prices rising by more than 11%, the World Bank said April 28, forecasting that Brent would average $86/barrel in 2026 if there is no further escalation of...

China discovers 225 large, medium-sized crude oil, natural gas fields from 2021 to 2025: Ministry of Natural Resources

30 Apr, 2026
China’s Ministry of Natural Resources said on Wednesday that during the 14th Five-Year Plan (2021-25) period, 225 large and medium-sized crude oil and natural gas fields were discovered, including 13 oil fields with reserves exceeding 100 m...

TotalEnergies: First quarter 2026 results

30 Apr, 2026
The Board of Directors of TotalEnergies SE, chaired by CEO Patrick Pouyanné, met on April 28, 2026, to approve the 1st quarter 2026 financial statements. On the occasion, Patrick Pouyanné said: “Driven by a 4% year-on-year organic productio...

Oil prices climb amid Hormuz blockade, UAE exit from OPEC

30 Apr, 2026
Oil prices climbed on Wednesday, as markets weighed the impact of the United Arab Emirates’ decision to leave the OPEC producer group and ongoing Middle East oil supply disruptions. Crude prices have also rallied following a report that U.S...

U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil

30 Apr, 2026
The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. The Treasury urged financial institutions in a statement to avoid facilitati...

Why EU countries should avoid carbon capture for gas power plants

30 Apr, 2026
Executive Summary Gas-fired power plays a material role in the EU electricity system, accounting for 13% of net generation in 2025. While EU countries have rapidly built out renewable energy, gas will remain a significant source of the bloc...