Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-09-19T23:00:00+00:00
Global maritime and energy markets are currently showing two significant developments. Both indicate they should not be treated as separate market stories, but as an intertwined sector. Abu Dhabi's ADNOC investment arm, XRG, is reportedly considering acquiring up to 50% of Energos Infrastructure, a floating-LNG company valued at around $3 billion. At the same time, shipowners have ordered more VLCCs in 2026 than in any comparable period for at least the last 25 years. One transaction is about gas infrastructure; the other is about crude transportation. However, together they expose the same strategic reality: geopolitical fragmentation, chokepoint insecurity, and the redrawing of energy trade routes are triggering a global race to own the ships, terminals, and floating infrastructure neede
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