Europe

Shipping data revealed that a Russian-flagged oil tanker with 700,000 barrels of crude oil docked at Cuba's Matanzas Oil Terminal?on Tuesday. This was the first significant oil shipment to the island after President Donald Trump's Administration cut off the fuel supply. Under U.S. sanction, the Anatoly Kodkin vessel entered Cuban waters late Sunday, not far from Guantanamo's U.S. Navy Base. This was despite U.S. restrictions imposed on oil supplies from Russia to Cuba. The U.S. claimed that it allowed the tanker's crude oil delivery for humanitarian reasons. LSEG data shows that the?Aframax fuel tanker entered Cuba’s largest fuel storage area...

The Iran War has disrupted the global trade via the Strait of Hormuz. This vital waterway is normally used by a fifth of all?oil & liquefied gas in the world. Iran's Revolutionary Guards warned that vessels passing through the narrow Strait would be "targeted" after the U.S. launched attacks on the country on 28 February. Here is a list with reported attacks. MARK 1 V.Ships, the manager of V.Ships, said that a crew member died on the Marshall Islands flagged crude tanker MKD VYOM after it was struck by a projectile while the vessel was sailing off the coast of...

Siemens will dissolve its digital 'industries' and smart infrastructure segments in a upcoming reorganisation. The reorganisation aims to eliminate "silo-structures" as part of CEO Roland Busch’s "One Tech Company” strategy. This combines infrastructure, transportation and software with AI. Smart infrastructure is a business area that focuses on building technology, energy management, and motion control. Source: The two divisions would be divided into six or seven smaller units, with a reorganisation to the executive board following. Each unit will report directly to board. The exact nature of the plan is not yet known, but it will be discussed with the employee...

Tanger Med in Morocco, Africa's biggest container port, is planning to increase calls from ships due to escalating tensions around the Middle East, said the port's managing director on Monday. Container carriers such as Hapag-Lloyd, Maersk and CMA CGM have announced this month that they will reroute vessels around Cape of Good Hope. Idriss Aarabi, the managing director of Tanger Med told me by email that rerouting would increase transit time from 10 to 14 extra days for vessels diverted via Cape of Good Hope in order to reach Tanger Med. Aarabi stated that the port of Tanger Med in...

These are the top stories from the business pages of the New York Times. These'stories' have not been verified and we cannot vouch for the accuracy of these stories. In an effort to ease the de facto blockade Washington imposed on Cuba, the United States has allowed a Russian oil tanker to arrive in Cuba. Jonathan Greenberger is the next global editor-in-chief of Politico. Tom Homan, Trump's top border official, said that Immigration and Customs Enforcement (ICE) agents may remain at U.S. Airports even after they are paid again. This is because the shutdown of Homeland Security has caused a...

Oman's Foreign Ministry?said Sunday that it?"condemns" attacks on its land, adn that no one has claimed responsibility. Authorities are investigating "sources and motivations" of the attacks, without giving any further details or naming a specific attack. Oman reported on Saturday that a worker had been injured in a drone attack at the Salalah port of the Gulf nation. Danish container shipping company Maersk later announced it temporarily halted operations?at the Salalah port?after the attack. Iranian media reported that Iran's Revolutionary Guards claimed on Saturday they had targeted a U.S. Support vessel "considerably" away from Salalah Port. The statement continued, "As...

The U.S. aircraft carriers Gerald R. Ford and the USS Enterprise, which were deployed to U.S.-Israeli missions against Iran, have anchored at Split, Croatia, for repairs and maintenance. On March 12, the 'Ford', the world's biggest carrier and newest ship, was supporting Operation Epic Fury in the Red Sea when a fire in its laundry room caused three injuries. A?U.S. Officials at the time confirmed that nearly 200 sailors were also treated for smoke-related issues. It took several hours to put out the fire, which affected 100 sleeping berths. The warship was deployed for nine months, and took part in...

Jean-Noel Barrot, France's Foreign Minister, said Friday that the U.S. Secretary of State Marco?Rubio?suggested Washington's goal was to destroy Iran’s ballistic capability and that Paris had the same objective of restoring freedom of navigation in the Strait of Hormuz. Barrot, speaking on the sidelines of the G7 in France, said: "I will not speak for Marco Rubio, but I will happily refer to his 'public statements,' which correspond to our conversations today about the stated U.S. objectives. These include the neutralization Iran's missile capabilities. Barrot responded that France shares the same goals as the U.S. regarding the Hormuz region and...

LSEG's ship monitoring data on Friday showed that a tanker?carrying about?200,000 barrels originally bound for Cuba, has arrived in Venezuelan water. After being stuck in the Atlantic Ocean, the Hong Kong-flagged ship Sea Horse rerouted to Venezuela earlier this month after spending weeks there. This is a major blow for an oil-hungry?island which has experienced several blackouts during this month. The Sea Horse's stranding at sea and its sudden change of course to Venezuela were not clear. Cuban government oil imports are being blocked by the administration of U.S. president Donald Trump, who is increasingly restricting fuel supplies for Cuba's...

Two 'industry' sources said that Russian oil producers warned buyers on Friday they could declare force majeure over supplies from major Baltic Sea ports, as Ukraine continues to attack Russian energy infrastructure. The Ukrainian president Volodymyr Zelenskiy said this week that Kyiv uses long-range attacks to maintain pressure on Russia, after international sanctions against Moscow were eased because of global supply disruptions caused by the Iran War. Sources said that Ukrainian drones targeted the port of Ust-Luga on Friday, where an ongoing fire from a strike made Wednesday still burned. The raids have halted oil loadings in the port since...

Three market sources have confirmed that Russian energy company Novatek suspended 'gas condensate export loadings and naphtha processing at its Ust-Luga facility following drone attacks which caused a fire at the facility. Novatek's cuts to naphtha exports will have an impact on Asian markets. They already experienced a feedstock shortage last March when the U.S./Iran conflict disrupted Middle East fuel shipments. These attacks were one of the most intense drone strikes in Russia's western energy corridor. The Baltic ports Primorsk, Ust-Luga, and the surrounding area were repeatedly targeted by drone strikes. Explosions tore through terminal infrastructure and ignited storage tanks,...

Here are some company news and stories from France and Benelux that could have an impact on a region's market or individual stocks. EIFFAGE: Eiffage, a French construction and concessions company, increased its stake to 29.40% in Getlink through an investment of 166.7 million euros ($192.37 millions) financed by cash reserves. This investment strengthened its position as Getlink's largest shareholder. SYENSQO N.V. Belgian'specialty chemicals' company Syensqo is redeeming all of its senior bonds of 500 million euro 2.750% fixed rates on March 31, 2026. MEDINCELL S.A. Pan-European market data: European Equities?speed guide................... FTSE Eurotop 300 index.............................. DJ STOXX?index................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ Top 10?STOXX...

Naftogaz, the Ukrainian energy company, said on Monday that Ukraine is interested in increasing LNG supplies via Greek terminals and pipelines along the Vertical Corridor System. The Vertical Corridor allows Ukraine to receive U.S. LNG via Greece, but the share of imports is still small. In 2016, Greece, Bulgaria Romania and Hungary signed an agreement to build the infrastructure for the Vertical Gas Corridor, which will allow gas to be transported between the countries. After the meeting, Serhiy koretskyi, Naftogaz's CEO, said that "special attention was paid to the possibility of increasing the gas supply volumes for both Ukraine and...

Moldovan opposition parties demanded on Sunday an explanation from the pro-European Moldovan government regarding its imposition of a "sweeping energy state of emergency" over a damaged electricity line that took four days to repair. Last Tuesday, the Eastern European country’s?parliament?approved a 60-day energy state of an emergency to streamline decision-making. The government had blamed Russian attacks on neighbouring Ukraine after knocking out the Isaccea - Vulcanesti electricity line. Moldova's Energy Ministry announced that the line, which runs from Romania to Moldova, and crosses 40 km of Ukrainian territory, was restored Saturday. This line is responsible for 70% of the country's...

Russian officials reported that the Ust-Luga port, which is one of Russia's largest petroleum export outlets, was damaged by a Ukrainian drone attack on Sunday, which ignited a fire. Ukraine intensified drone strikes on Russia's oil export infrastructure in the last month. These attacks included Novorossiysk, on the Black Sea, and?Primorsk, and Ust-Luga, on the Baltic Sea. These attacks caused severe oil supply disruptions for Russia, which is the second largest oil exporter in the world. They also hit Moscow at a time when oil prices were above $100 per barrel because of?the Iran War. The Governor of Russia's Leningrad...

Nestle, a Swiss food giant, said that thieves stole the truck carrying 12 tons of KitKat bars in Europe. Nestle's KitKat said that the truck carrying 413 793 bars of their new chocolate range set out from central Italy to distribute the chocolate across Europe but never arrived at its final destination, Poland. The vehicle as well as the merchandise are still missing. Nestle has not revealed where the truck went missing. In a separate announcement, KitKat said that the bars missing can be traced via a unique batch code. Anyone who scans the batch numbers of?the stolen bars will...

The European Commission and the natural gas grid operators of Bulgaria, Greece, Romania, Moldova and Ukraine agreed on Friday to tariffs for the corridor that carries gas from Greece to Ukraine, in an effort to increase competition and diversify supply. The Greek gas grid operator DESFA announced in a press release that operators and EU executive have agreed on 'tariffs which will be implemented from October and are in line with EU rules. Greece, Bulgaria Romania and Hungary have agreed to develop the necessary infrastructure in order to realise the so-called Vertical gas Corridor, which would allow bidirectional gas transmission...

The Russian state-owned nuclear company Rosatom announced on Friday it had agreed to form a joint venture in logistics with the UAE-based port operator, DP 'World. Rosatom, a Russian company that builds nuclear plants in Russia and abroad, and owns transport assets there, will hold 51%, and DP World, 49%, according to DP World's spokesman. Rosatom will contribute its 92.4% share in the Russian container logistics group FESCO. DP World, on the other hand, will?provide cash based on FESCO's market value. The Federal Antimonopoly Service and the Government Commission on Foreign Assets must approve the deal. Rosatom stated that the...

Kazakhstan's Energy Ministry said on Friday that the attack on Russia’s major port in the Baltic, Ust-Luga, did not affect?Kazakhstan’s oil exports. It added?that flows were operating normally. The Ministry said that it continues to monitor the situation. Three processing units at the Ust-Luga Complex, each with a capacity of three million metric tonnes per year, refine stable condensate to light and heavy naphthas, jet fuel, ship fuel oils and gasoil. Kazakhstan exports part of its crude oil through Russian ports along the Baltic Sea. This includes Ust-Luga which was 'hit by a Ukrainian drone on March 25. Both Ust-Luga...

Dmitry Peskov, Kremlin spokesperson on Friday, said that Russia does not seek to undermine U.S. interests in the Caspian Pipeline Consortium. He was answering a question regarding comments made by several Russian experts on state television, who suggested that Russia should stop oil deliveries via the CPC to Kazakhstan as a response to Washington sanctions against Russia. CPC, in which U.S. oil giants ExxonMobil and Chevron are major shareholders, exports oil from a Russian port on the Black Sea. Peskov said in a daily press conference that "along with our American partners, we also have Kazakh partners." Despite everything, Russia...

In recent weeks, Ukraine has intensified its attacks on Russian energy installations as peace talks failed to make progress. Volodymyr Zelenskiy, the president of Ukraine, said that Ukraine used long-range attacks on?energy to maintain pressure on Russia following the lifting of international oil sanctions against Moscow in the aftermath of the Iran war. Here is a summary of the attacks. KIRISHI REFINERY The ?Kirishinefteorgsintez ?oil refinery in northwest Russia, one of the largest in the country, halted processing on Thursday following Ukrainian drone attacks that caused fires in some parts of the plant, two industry sources said. SARATOV REFINERY According...

Sergei Lavrov, Russian Foreign Minister, said that the U.S. was seeking to control the Nord Stream pipelines in 'the Baltic Sea' which were allegedly damaged by a mysterious blast in September 2022. The explosions that destroyed pipelines in Europe more than three year ago have largely halted the transit of Russian gas to Europe. This has squeezed energy supplies across the continent, even though?Russia already stopped most deliveries. Both Russia and Western countries have said that the incident was a sabotage. Investigators have spent years trying to solve the mystery behind the attack. Last year, a Ukrainian was arrested in...

Volodymyr Zelenskiy, the president of Ukraine, said that Ukraine uses long-range attacks on energy infrastructure in order to'maintain the pressure' on Russia following the easing of international oil sanctions against Moscow this month as a result the Iran War. Washington granted a 30-day exemption to countries this month to purchase sanctioned Russian crude oil and petroleum products that were stranded on the sea. The waiver was issued to stabilize the global energy markets, which had been roiled by conflict in the Middle East. Ukraine's European Allies who want to continue?pressure on Russia for it to end its four-year old war...

Russia's Kirishinefteorgsintez oil ?refinery, ?one of the largest in the country, halted processing on Thursday following Ukrainian drone attacks that caused fires in some parts of the plant, two industry sources said. This stoppage will exacerbate Russia's current oil supply problems as 40% of the country's crude oil exporting capability has already been closed due to drone attacks, tanker seizures and the Druzhba Pipeline?closure in Ukraine. Sources said that two primary and some secondary units caught fire following repeated drone attacks. One source said that it was difficult to predict the time for repair of the damaged units. They were...