Seven coalition members have pledged supply curbs totaling about 900,000 barrels a day this quarter, in tandem with a 1 million-barrel reduction by group leader Saudi Arabia.

Bound4blue said that the eSail wind power propulsion system will help shipowner SNA TUHA’A PAE (SNA) reduce its energy consumption by up to 10%.

Since the start of 2024, the wholesale cost of fuel delivered to northwest Europe has jumped by 12% to just over $116 a barrel.

Warehouse operators are constantly seeking to reduce costs. Today, power comprises 75% of an average material handling fleet’s operating costs. With ongoing labor challenges, higher demands on throughput, space at a premium, and a challenging macroeconomic environment, warehouse operators must adapt their power and energy management to win into the future. 

The China Electricity Council said that wind and solar energy would make up about 40% of installed power generation capacity in 2024, compared to coal's 37% capacity.

Despite the diversions, lots of tankers — many hauling Russian oil — continue to ferry barrels through the waterway. 

The 10.5-million-gallon ammonia fuel ammonia carrier, which is being built at the Japan Marine United Corporation (JMU) Ariake Shipyard, is scheduled to be delivered in November 2026.

Two senior officials said a recent boom in U.S. LNG exports prompted the need for an analysis of the entire domestic gas market, the U.S. gas industry’s first since 2018.

The company established a U.S. subsidiary, which aims for an initial production volume of six gigawatts, as part of "a strategic move to reduce vulnerabilities in the solar-wafer supply chain,”

Since January 15, Qatar has diverted at least six shipments destined for Europe around the Cape of Good Hope in southern Africa.