Topic
fuel supply
Logistics Peninsula and Itochu Launch Ammonia Bunkering Joint Venture for European Ports
Marine fuel supplier Peninsula and Japanese trading house Itochu have launched a joint venture, I&P Marine Ammonia, to develop ammonia bunkering across key European and Mediterranean ports. The venture follows an earlier MoU focused on Spain and has received EU merger clearance. Peninsula brings its fuel supply network across 500+ ports, while Itochu contributes production and supply chain expertise, backed by its order of the world's first ammonia bunkering vessel.
Commodities Ukraine's drone strikes cripple Russia's fuel supply, sparking queues and rationing
Months of Ukrainian drone strikes on Russian oil refineries have led to severe fuel shortages, with crude processing falling 25% year-on-year to a two-decade low. Gasoline production dropped 17%, and rationing has been imposed in over half of Russia's regions. Analysts warn repairs will be slow due to sanctions and ongoing attacks.
Commodities Govt Says All Refineries Operating at High Capacity with Adequate Crude Inventories and Sufficient Stocks of Petrol, Diesel
The Indian government announced that all refineries are operating at high capacity with adequate crude inventories and sufficient stocks of petrol and diesel. Joint Secretary Sujata Sharma detailed LPG delivery figures, restrictions on bulk purchases of petrol and diesel, and fertilizer stock positions. Additionally, an LNG carrier safely transited the Strait of Hormuz.