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Soaring U.S./Iran Tensions No Match for Crude Oversupply Worries as Prices Plummet Again
Jul 18, 2019 ... about 80 percent of its average daily production in the region resulted in renewed fears of an oil glut. West Texas Intermediate fell $1.48 - or 2.6 percent - to settle at $55.30 per barrel ...
Brightoil Winding Up Hearing Delayed
Jul 18, 2019 ... winding up petition for Brightoil Petroleum (Holdings) Limited (Brightoil) in Hong Kong has been delayed until next week. The petition was originally scheduled to be heard yesterday, but it ...
IMO2020: The Reality of Dealing with FONARs
Jul 15, 2019 ... situations that will occur from time to time and require the market to utilise FONARs (Fuel oil non-availability reports). With ~119 working days to go, how prepared are your buying process ...
Crude Skyrockets over 4% on High Inventory Draw, Tropical Storm
Jul 10, 2019 ... deal to extend its production cuts until the end of the first quarter of 2020. Thamer Ghadhban, oil minister for Iraq, said on Wednesday that the initiative will not only lower stockpiles but ...
Industry Insight: IMO 2020 Creates Legal Stress Points
Jul 5, 2019 ... have shown variable characteristics, in part depending on the properties of the original crude oil from which they were refined. Specific issues to watch for have proved to be fuel viscosity, ...
Crude Rises on Lower Rig Count, but Expert Thinks Bear Market Could Last For Years
Jul 3, 2019 ... with the cartel. But although the gains were said to be the result of the number of operational oil rigs dropping this week for the first time in three weeks (to 788) as well as major U.S. stock ...
ExxonMobil to Brand its IMO2020 Grade Bunkers as EMF.5
Jul 3, 2019 ... these are easily recognizable and they stand out from a crowd of un-described very low sulfur fuel oil (VLSFO) products," ExxonMobil's Luca Volta, Marine Fuels Venture Manager, told Ship & ...
Oil Prices Plummet Despite OPEC Extension, Russian Cutbacks
Jul 2, 2019 ... output curbs, weak manufacturing data from the U.S. stoked fears of a slowing global economy - and oil prices plunged by 4.8 percent as a result. Brent fell $2.61, or 4.01 percent, to $62.45 per ...
Green Group Backs LNG Bunkers
Jun 26, 2019 ... fuel that finds LNG can provide lifecycle GHG savings of up to 21% compared with current oil-based bunkers. But CDP's position also highlights the difficulty shipowners have in ...
NSI Comments on Day of the Seafarer 2019
Jun 25, 2019 ... inspection regimes from port state / vetting authorities Potentially slightly different fuel oil qualities and difficulties of delivery logistics Difficulty in enhanced planning to always ...
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Singapore and South Korea to Develop Green Shipping Corridor

Singapore and South Korea to Develop Green Shipping Corridor

The two countries seek to promote green marine fuels and develop bunkering infrastructure.

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Ports of Tallinn and Stockholm Join Forces for Sustainable Maritime Operations

Ports of Tallinn and Stockholm Join Forces for Sustainable Maritime Operations

Ports in Estonia and Sweden have agreed to work together to make their Baltic Sea ports cleaner and more energy efficient.

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