Worldwide demand for coal is set to reach a historic high this year, the International Energy Agency (IEA) said in its ‘Coal 2023’ report on Friday. The body sees global demand for the fuel rising 1.4% by the end of 2023, surpassing 8.5 billion tons for the first time on record, largely due to soaring…

At least eight ships have been assaulted in recent weeks in the key waterway linking the Indian Ocean and the Red Sea Two global shipping majors, Denmark’s Maersk and Germany’s Hapag-Lloyd, halted their vessels’ passage through the Red Sea on Friday, citing security risks.

Exports of light sweet crude have surged with increased deliveries by rail, data shows Russian oil companies have boosted exports of ESPO (Eastern Siberia-Pacific Ocean) grade crude to China through the port of Kozmino, with deliveries hitting a record high this month, Kommersant reported this week citing tracking data.