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Caribbean Players Upbeat on LNG Bunkers, Conference Hears
Caribbean Players Upbeat on LNG Bunkers, Conference Hears
Platts 14th Annual Bunker & Residual Fuel Conference took place June 20-21, 2017 at St. Regis Houston, Texas.
23 Jun 2017
Crude Rebound Just a Pause Before More Market Losses, Say Analysts
Crude Rebound Just a Pause Before More Market Losses, Say Analysts
Only war in the Middle East could boost prices at this point, says Kilduff.
23 Jun 2017
U.S. Shale Likely to Claim Victory in The Form of OPEC Cutback Deal Collapsing Next Year: Analysts
U.S. Shale Likely to Claim Victory in The Form of OPEC Cutback Deal Collapsing Next Year: Analysts
Experts say there is no end to shale's future growth.
23 Jun 2017
Get Set For a Return to the $30s, Say Two Oil Experts
Get Set For a Return to the $30s, Say Two Oil Experts
Meanwhile, a CNBC analysis suggests another few months of further price drops.
22 Jun 2017
Egypt and Singapore-Based Companies Face $1.9 Million Penalty Related to Oily Waste Dumping, Pollution
Egypt and Singapore-Based Companies Face $1.9 Million Penalty Related to Oily Waste Dumping, Pollution
The two defendants include the owner of the oil tanker M/T ETC MENA, the Egyptian Tanker Company, and the vessel's operator, Thome Ship Management.
21 Jun 2017
Crude Falls to New 7-month Low as U.S. Rig Count Climbs Yet Again
Crude Falls to New 7-month Low as U.S. Rig Count Climbs Yet Again
Canada too is boosting its production capacity.
20 Jun 2017
Low $40s for Crude "Is The Right Place To Be," Says Analyst; But $90 is Where It's Heading, Says Another
Low $40s for Crude "Is The Right Place To Be," Says Analyst; But $90 is Where It's Heading, Says Another
Meanwhile, another expert says simple math shows why we're in a slump.
19 Jun 2017
More Losses for Crude on Friday Based on Glut Fears, but Saudis Insist Drawdowns Will Soon Escalate
More Losses for Crude on Friday Based on Glut Fears, but Saudis Insist Drawdowns Will Soon Escalate
But those focused on fundamentals see no changes that would affect the current price range.
16 Jun 2017
Buenos Aires First Port in South America to Join Green Award
Buenos Aires First Port in South America to Join Green Award
Buenos Aires Port now provides a 10 percent discount on vessel dues for Green Award ships.
16 Jun 2017
U.S. DOJ Alters Third-Party Payment Policy Related to Ship Pollution Penalties
U.S. DOJ Alters Third-Party Payment Policy Related to Ship Pollution Penalties
Winston & Strawn says the new policy raises questions related to future plea agreements in cases under the APPS and MARPOL in the U.S.
15 Jun 2017
Glencore Set to Relocate Savannah Bunker Operations Upriver
Glencore Set to Relocate Savannah Bunker Operations Upriver
Glencore will relocate bunker operations from the Colonial terminal to the refurbished Epic Midstream Savannah North terminal, effective July 1.
15 Jun 2017
Oil Sinks Almost 4% and Analyst Says $30 is Likely Unless OPEC Deepens its Cuts
Oil Sinks Almost 4% and Analyst Says $30 is Likely Unless OPEC Deepens its Cuts
However, one theory is that depressed prices will crush U.S. shale's pesky growth.
15 Jun 2017
Philly Shipyard Set Build Four "Environment-Friendly" Box Ships for Hawaii Liner Service
Philly Shipyard Set Build Four "Environment-Friendly" Box Ships for Hawaii Liner Service
PSI says the vessels are being designed to address the present market trends for LNG as fuel, larger containers, and faster transit times.
9 Jun 2017
Irving Oil Opens New Fuelling Berth at Canadian East Coast Terminal
Irving Oil Opens New Fuelling Berth at Canadian East Coast Terminal
The new development is said to double the number of vessels that can access MGO via pipeline at the company's St. John's Marine Terminal.
8 Jun 2017
Third of BC Ferries' LNG-Powered Newbuild Series Arrives on Canadian West Coast
Third of BC Ferries' LNG-Powered Newbuild Series Arrives on Canadian West Coast
Salish Raven is set to be handed over to BC Ferries once the vessel clears Canadian Customs and final inspections are completed.
8 Jun 2017
U.S. Crude Build Triggers 5% Price Slide
U.S. Crude Build Triggers 5% Price Slide
However, Trump's support of the Arab nations' isolation of Qatar could support prices in the near-term, says one expert.
8 Jun 2017
USCG Issues Safety Alert Following Onboard Fuel Spray Fire
USCG Issues Safety Alert Following Onboard Fuel Spray Fire
"These types of incidents, involving fuel leakages contacting hot surfaces and igniting, happen too frequently," said the alert.
7 Jun 2017
Canada's BC Ferries Orders Two Hybrid Diesel-Electric Newbuilds from Damen
Canada's BC Ferries Orders Two Hybrid Diesel-Electric Newbuilds from Damen
The newbuilds, which are slated go into service in 2020, are said to support BC Ferries' strategy to achieve operating cost savings and efficiencies.
7 Jun 2017
Nigeria Hints of Impending OPEC/U.S. Shale Clash as Analyst Declares Consumers to be the Real Winners of the Rivalry
Nigeria Hints of Impending OPEC/U.S. Shale Clash as Analyst Declares Consumers to be the Real Winners of the Rivalry
Meanwhile, U.S. output is on track next year to shatter its all-time high record set in 1970.
7 Jun 2017
US Oil Exports Hit Record High and Won't be Slowed by Rising Costs: Analysts
US Oil Exports Hit Record High and Won't be Slowed by Rising Costs: Analysts
Trumps' withdrawal from the Paris accord may also trigger new levels of stateside production, say experts.
6 Jun 2017
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