shippers News

Exxon Declares Force Majeure on Russian Sakhalin-1 Operations

Exxon Mobil Corp. said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude due to sanctions on Russia. The Sakhalin-1 project produces Russian …

Exxon Sues Energy Transfer Over Charges From Pipeline Dispute

Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing. The suit alleges the pipeline operator hit XTO …

Drought and Rain Are Reshaping Global Grain Trade Routes

The global wheat trade is being shaken up again after extreme weather hurt crops in the European Union while harvests are booming elsewhere. Fresh from leapfrogging Russia as the top exporter, the EU will drop to third place this season …