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Crude Prices Plummet Due to Rising OPEC Output, but Citigroup Insists Rally Will Continue
Oct 3, 2017 ... Meanwhile, events in Turkey and Nigeria suggest that further market turbulence lies ahead. ...
Rosneft and Sovcomflot Ink Agreement for Five LNG-Powered Aframax Tankers
Sep 27, 2017 ... Sovcomflot (SCF) yesterday announced that it has signed a set of agreements with Rosneft, the State Transport Leasing Company (STLC), and Zvezda Shipbuilding Complex (Zvezda) for the ...
Crude Prices Surge, but Analysts Warn that Oil Approaching $60 May Spur a New Wave of Overproduction
Sep 26, 2017 ... oversupply; however, Michael Tran, director of global energy strategy at RBC Capital Markets, isn't overly worried by the unusual phenomenon: "When you look at the Atlantic basin, supplies are ...
Three Reasons Why We Need to Embrace Technology in Bunkering Now
Sep 25, 2017 ... article. Relative bunker pricing is much more important than absolute. In many ways it doesn't matter if bunker prices double as a shipping company as long as all your competition also pay ...
Crude Makes 3rd Straight Weekly Gain Despite OPEC Deferring Talk of Cutback Extension
Sep 22, 2017 ... the end of this year. Tony Headrick, energy market analyst at CHS Hedging, remarked, "It wasn't a strong surprise to see that they deferred that decision; regardless of the OPEC meeting's ...
OPEC Unease Keeps Crude Prices Flat Despite Further Signs of Declining Inventories
Sep 21, 2017 ... inspire intensified production is borne out in the case of Russia, whose  top oil producer Rosneft will reportedly supply 600,000 barrels per day (bpd) of crude to PetroChina in 2018 - an ...
Early Signs of Oil Glut Reduction Challenged by Decade-Long Russian Oil Output Growth
Sep 21, 2017 ... contains "hundreds of million of tonnes" of oil. Another familiar development that doesn't portend well for the health of the crude market (at least in the near term) is Venezuela, ...
Shipping Companies Reported to Danish Police for Breaking Bunker Sulfur Rules
Sep 20, 2017 ... with a 0.1% sulfur cap on bunker fuel being used by ships, are monitored via fixed and airborne sniffer devices.  Fuel samples may also be taken in port. "By far the majority of shipping ...
2020 Sulfur Cheats: Can Monitoring the Emissions of the Entire Global Fleet Ever be Possible? This Company Says "Yes"
Sep 20, 2017 ... bunker demand in 2020. At present, methods for ensuring compliance are sketchy ranging from "sniffer drones" roaming the Baltic Sea to giving the chief responsibility for checking up on errant ...
Crude Hold Near $50, but Russia Warns of a Slide to $40/bbl in 2018
Sep 15, 2017 ... U.S. dollar following Washington's charge that his leadership is undermining democracy. Russia isn't buying into this week's feel-good sentiment either: Elvira Nabiullina, the head of that ...
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Since 2023, the firm has secured $3 billion of green loans and financing.

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Fujairah Bunker Sales Drop to Four-Month Low in June

Fujairah Bunker Sales Drop to Four-Month Low in June

Fujairah bunker sales dropped by 8.3% on the month in June.

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Seabound Launches Carbon Capture Project for Cement Carrier

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The onboard captured CO2 will be converted to limestone and used onshore for cement manufacturing.

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