Another all-time high for the price of gold -- free to read: bloomberg.com/news/articles/… #GOLD

SCOOP: A hedge fund operating just blocks from London’s luxurious Harrods department store manages millions for the secretive Iranian oil trader Hossein Shamkhani. bloomberg.com/news/articles/… Bloomberg Bloomberg Markets Yongchang Chin Serene Cheong Jack Wittels Archie Cagan Koc

Shipping giant Maersk has struck another deal for green methanol supply bloomberg.com/news/articles/…

A new environmental rule designed to cut ships' emissions is set to give Europe's ailing diesel demand a shot in the arm -- though it won't be enough to stop overall consumption falling next year, according to FGE. Free read: bloomberg.com/news/articles/… via Bloomberg Markets #OOTT @FGEnergy

Diesel, the biggest chunk of global oil consumption, is heading for a rare drop this year...and supply is expected to keep on outpacing demand in 2025. Free to read: bloomberg.com/news/articles/… #OOTT

Oil refiner Saras is closing its Geneva trading office -- the process will be concluded in the first half of 2025. Earlier this year, Vitol completed the purchase of a stake in Saras held by the Moratti family. #OOTT bloomberg.com/news/articles/…

Scoop: The secretive oil trader known as 'Hector,' who’s managed to quietly embed himself in the heart of the Western financial system, has emerged as a key player in arms deals from #Iran to #Russia bloomberg.com/news/articles/… Bloomberg Julian Lee Alfred Cang Will Kennedy Oil Trading Europe

Amazing reporting from Ben Bartenstein showing exactly how an Iranian oil tycoon, who helps get the country's arms to Russia, weaved his business empire into the fabric of the western financial system. bloomberg.com/news/articles/… via Bloomberg

Shippers Cautious on Return to Red Sea Despite Israel-Hamas Deal Free read: bloomberg.com/news/articles/… via Alex Longley and Brendan Murray #OOTT

Houthis Say US and UK Ships Can Safely Take Red Sea Passage Free read: bloomberg.com/news/articles/…

Nigeria’s Gasoline Imports Plunge as Dangote Refinery Hits Trade Free read: bloomberg.com/news/articles/… #OOTT Prejula Prem

𝗔𝗿𝗴𝘂𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗡𝗲𝘄𝘀 | Bloomberg Sellers of Urals, the nation’s key export grade, are having to swallow discounts of as much as $16 a barrel, according to data from Argus Media. The gap hasn’t been that wide since May. Read more: okt.to/ZgEeN3 #ArgusMedia

US-Sanctioned Oil Tanker Hauls Diesel From Russia to Syria The 580-foot Prosperity loaded about 35,000 tons of the fuel in February at Russia’s Baltic port of Primorsk and is now floating off Syria’s coast. bloomberg.com/news/articles/…

COLUMN: There's a lot more oil than crude in today's petroleum market. In trying to gauge oil prices, it helps to count the barrels — all of them. And that includes natural gas liquids and condensates. And to know the OPEC+ loopholes. @Opinion #OOTT bloomberg.com/opinion/articl…

An environmental rule designed to rein in emissions from ships in the Mediterranean is sending regional diesel prices into a spin bloomberg.com/news/articles/… via Jack Wittels

The US has pulled out of global climate talks, where nations are trying to forge an agreement to make ships pay for their emissions. Free read: bloomberg.com/news/articles/…

Big news for the Atlantic gasoline market: maintenance at the Dangote refinery's huge RFFC unit. Free to read: bloomberg.com/news/articles/…

Our explainer on what the recently announced USTR measures -- aka, US fees on Chinese and some other vessels -- mean for shipping and trade. Top takeaway: Only 7% of US port calls by internationally trading ships impacted Free to read: bloomberg.com/news/articles/…