Supertanker Rates Hit Six-Year High: Here's What Driving It

Japan's Biggest LNG Buyer Creates Standalone Trading Arm Authored by Michael Kern via OilPrice.com, Japan's JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said on Wednesday. The new company, JERA Global Energy Solutions (JERA GES), will be the Japanese utility giant's response to increasingly volatile and complex energy markets. JERA GES will be a vertically integrated LNG company which can quickly respond to the market needs while maintaining security of supply for Japan...

Iran Rejects Direct US Talks Amid Escalation As Israel Attacks Key Petrochemical Plant At South Pars Gas Field Summary:  A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran: diplomatic talks are "absolutely incompatible with ultimatums, crimes, and threats to commit war crimes," the Foreign Ministry said. Israel strikes large petrochemical plant at South Pars, which is responsible for half of the country’s petrochemical production. There's been another extension of what had been a 10-day deadline for Iran to open the Strait of Hormuz - a...

DARPA's X-Plane Designed To Maneuver With Bursts Of Air Gets New Wings Attached Authored by Chris Young via Interesting Engineering, Boeing subsidiary Aurora Flight Sciences has begun installing the wings on the X-65, an experimental drone developed under DARPA's Control of Revolutionary Aircraft with Novel Effectors (CRANE) program. Technicians mounting the wings onto the X-65 experimental drone.Aurora Flight Sciences / X The installation brings DARPA and Aurora a step closer to flying the unconventional uncrewed aircraft, which was designed to test flight control using only bursts of pressurized air instead of conventional moving...