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Money Losing OPEC Members Expected To Follow Saudi's Lead on Market Share First Strategy at Vienna Summit This Week

Meanwhile, one western analyst credits Saudi Arabia for having a keen business sense.

Forget "Retrograde Institution" OPEC, Says Analyst, Nigeria Can Bring About Oil Market Rebalance

More eyes will focus on the cartel's Vienna meeting to determine just how shaky its future is.

Saudi Arabia "Killed OPEC and Buried It", says OPEC Source

The remark joins a growing chorus of critics who question the cartel's fundamental reason for being.

Nigeria Oil Supply Picture Worsens as Militants Shut Down Chevron Plant

Crude briefly breaks $50/bbl Thursday but analysts say that despite global declines continuing, prices may not necessarily climb dramatically.

HELCOM Continues to Work Toward Baltic Sea NOx Control Area

HELCOM says Russia hosted a two-day workshop in St. Petersburg on May 24 and May 25 to push forward work on HELCOM's NECA agenda.

Qatar: $65 Oil is "Fair" and "Badly Needed"

The country's energy minister says the security of future supplies depends on higher prices.

"The Freeze Is Finished" says OPEC Delegate as Iran Closes in On Pre-Sanction Output

Some analysts says the best outcome of the Vienna meeting will be no outcome at all.

Deal to Bring LNG-Powered Cold Ironing Barge to Rotterdam "Well Underway"

Focus is to bring LNG-generated power to container ships, bulkers, and tankers.

Piraeus Set for More Disruption as Strike Action Continues

The Port of Piraeus Dockworkers' Union has announced that they are planning to launch a number of 48-hour strikes beginning at 6 a.m. on May 26.

World's First Conversion of a High-Speed Ro-Pax to LNG Propulsion to be Featured at Innovation Gallery

The GAINN4SHIP INNOVATION project will see the conversion of the Bencomo Express to hybrid diesel-LNG propulsion.

First Electric-Propulsion, Air-Supported Ferry Launched in Latvia

The 70-passenger ferry, BB Green, operates at a speed of 30 knots will initially be used for demonstration purposes across Europe.

VDR: Upcoming Global Sulfur Cap Will Be "Quite the Challenge" and "the End of Heavy Fuel Oil for Shipping"

Martin Kröger, VDR's managing director, points to difficulties with compliance and enforcement in international waters.

No Chance of Output Freeze Under "Comatose" OPEC Leadership: Analysts

The success of Saudi Arabia's sky-high output strategy negates any chance of a freeze being agreed upon, they say.

Portuguese Ports Set for More Disruption from Strike Action

Bunkering could be impacted from congestion resulting from the extended action.

Scandlines' Latest Hybrid Ferry Enters Service

Scandlines' new hybrid propulsion ferry, M/V Berlin, Monday set sail on its maiden voyage between Gedser and Rostock at 6 a.m. local time.

"Big Disagreements Inside OPEC" Make Any Freeze Agreement Unlikely: Russia

However, the country is ready to participate as a consultant should the prospect arise.

Iran Oil Exports Expected to Climb Nearly 60 Percent as Analysts Say the Sanctions May Have Made The Country Stronger

The International Monetary Fund argues that the sanctions forced Iran to diversify economically.

Kuwait Reverses Attitude of Earlier This Week, Now Favours Global Oil Market Developments

Kuwait's deputy prime minister for Kuwait, says his country will maintain its high output.

Gazpromneft Bunkering Operation Marks Ninth Season of Supply Service for Royal Caribbean

On May 8, Gazpromneft East bunkering vessel is said to have provided IFO and MGO bunkers to the 9500 DWT Celebrity Silhouette at the port of St Petersburg.

Fratelli Cosulich and IRISL Mull Bunkering Alliance

The joint venture would be aimed at offering ship bunkering services in the port of Bandar Abbas, says Augusto Cosulich, Fratelli Cosulich's Managing Director.

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