Shipping Industry News

Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained near $100 a barrel due to the U.S.-Israeli war on Iran.

Headline risks remain high across asset classes, creating shorter term opportunities on both sides of the market. Oliver Sloup joins RFD-TV to break down for you.

The Trump administration has struck a $928 million deal with TotalEnergies to abandon two major U.S. offshore wind leases and redirect the capital into LNG and oil and gas development, marking a decisive shift in strategy after federal courts blocked efforts to halt projects on national security grounds.

U.S. President Donald Trump said on Monday he had given orders to postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.

Wheat is trading with losses across the front months on Monday AM, despite higher overnight action. The wheat complex faced pressure across the three markets on Friday. Chicago SRW futures were 12 to 13 1/2 cents lower, as May fell 18 ½ cents. KC HRW futures were 21 to 21...

Soybeans are trading with steady to 2 cent higher trade so far on Monday AM trade after a busy morning of trade. Futures were under pressure on Friday, with contracts down 5 to 11 ¼ cents across the board. May was down 64 cents on the week. Friday’s open interest...

Corn price action has been back and forth early on Monday, with contracts down 1 to 2 cents so far. Futures sputtered late on Friday, with contracts down 3 ½ to 4 ¼ cents on the day, as some deferreds were fractionally lower. May was down 1 ¾ cents last...

China has urged all parties involved in the Middle East conflict, particularly the U.S. and Israel, to cease military operations, warning of a "vicious cycle" in a war that analysts say if prolonged, could undermine global growth and weaken demand for Chinese exports.

Two additional Indian-flagged vessels carrying liquefied petroleum gas are making their way through the Strait of Hormuz, ship-tracking data show, following a route taken by other ships approved by Iran that hews closely to the country’s coastline.

Though global markets can be independent of each other, there are connections running throughout the commodity complex.

Low-Cost Options, With Limited Risk

MANILA, March 22 – The Philippines has allowed the temporary and limited use of a cheaper but dirtier type of fuel to ensure supply as it finds ways to cope with the...