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Diesel supply constraints are a much bigger influence on prices than US-Russia deal – Wood Mackenzie

Diesel supply constraints caused by a collapse in Russian exports following Ukrainian drone strikes are a much bigger influence on prices than Trump’s US–Russia diesel deal, according to Wood Mackenzie. Earlier this week (9 October), the US Treasury’s Office for Foreign Assets Control (OFAC) issued a licence permitting the sale, delivery, offloading and importation of diesel of Russian Federation origin until 7 April 2027. US President Donald Trump, who forged the deal during a phone call with Russian President Vladimir Putin, said it would result in lower diesel prices for Americans. In an email to ship.energy Isabelle Gilks, Principal Analyst, […]

Clare-Marie Dobing

13 October 2026 . 2 min read

Information

Bluecore Energy secures uranium for proposed floating nuclear power system

Nuclear start up Bluecore Energy has announced that it has purchased low-enriched uranium (LEU) through WMC, as the Port of Long Beach headquartered firm continues to develop its first water-cooled floating nuclear power system. In a statement issued today (13 October), Bluecore Energy said securing the LEU represents ‘a tangible step beyond reactor design and non-fuelled hardware development and toward the physical fuel infrastructure required for future fuelled testing’. Per Jander, a Director on WMC’s nuclear fuel team, said: ‘Establishing a reliable nuclear fuel supply is a fundamental part of moving any reactor program forward. Bluecore Energy is approaching that […]

Clare-Marie Dobing

13 October 2026 . 2 min read

Energy Information

SIBCON 26: Adoption of ISO 8217:2024 fuel specification remains very slow

Speaking on the opening panel of today’s SIBCON Pre-Conference Symposium, Capt Rahul Choudhuri, Chair of the Technical Committee for Bunkering (Ambient Liquid Fuels) on the Chemical Standards Committee and President, Strategic Partnerships at VPS, estimated that fewer than 1% of shipowners and charterers are currently using the latest edition, ISO 8217:2024. One question that arises with every new edition of the bunker fuel quality standard ISO 8217 is why the industry takes so long to adopt it, often choosing to stick with the previous or even earlier versions. According to Choudhuri, only 0.8% of the fleet is using ISO 8217: […]

Llewellyn Bankes-Hughes

Llewellyn has worked in bunkering, oil and shipping since 1980, as a journalist and broker, in London and New York, working for Argus, Petroleum Intelligence Weekly, Eperon Petroleum, Albion Oil and Energy Information. He joined MRC in Oxford to launch BunkerNews, before establishing Petrospot in 2003 to publish Bunkerspot magazine, news and pricing services, and highly-respected bunker and shipping books.

He has created and run globally-recognised events in 26 countries around the world, including Middle East Bunkering Convention, Maritime Week Americas, Maritime Week Africa, ARACON, London International Shipping Week and European Shipping Week, and runs internationally-renowned training programmes, including the Oxford Bunker Course and BunkerExperience.

13 October 2026 . 2 min read