November, 2017
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Crude today dropped on news that the market balance in 2018 won't be as tight as widely predicted.
Saudi/Iran Conflict Causes Speculation of $200 Oil But Fails to Offset Effect of IEA Demand Forecast Downgrade
Meanwhile, ConocoPhillips prepares for more volatility and can prevail if crude drops to $40
Saudi Shake Up "Terribly Detrimental" to Long Term Market Prospects: Gartman
The 6,000-tonne vessel will work as a bunker barge, floating storage, and replenishment vessel, loading fuel from the BP refinery in Durban.
BP Introduces New Barge in South Africa's Richards Bay
The newbuild is the first of a series of four such vessels being built by Gondan.
Baleària Set to Add Eco Fast Ferry to Fleet
As shipping should contribute fair share of GHG reductions
German Government Backs Robust Response to Shipping GHG Emissions
Meanwhile, analysts assess the Saudis' oil position in the wake of Monday's political arrests.
Nigeria Offers Vague Support for Oil Cutback Extension as Saudis State More Work is Needed
But John Kilduff says higher prices will merely galvanize more U.S. production.
Mass Saudi Arrests Cause Oil to Surge to Two Year High and Predictions that the Next Stop is $70
"The aim is to strengthen the backbone of our West Africa logistics and offer more flexibility for our customers taking bunkers in the region," says Group CEO, Anders Østergaard.
Monjasa Adds 119,000 dwt SKS D-Class Tanker as Floating Storage for West African Bunker Operations
The agreement includes reporting and analytics services to assist in compliance with the EU MRV regulation.
Corsica Linea Looks to Glean Bunker Savings Through Eniram Service Agreement
Under five-year service deal to improve performance
Ferry Company Signs up to Vessel Efficiency Agreement