PAO NOVATEK announced that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras. “Our LNG marketing...
https://www.hellenicshippingnews.com/novatek-shipped-first-lng-cargo-to-brazil/
Bank of America Merrill Lynch raised its Brent crude price forecasts for next year, citing a bigger reduction in Iranian exports than its earlier projections due to a more aggressive stance by the United States. The bank lifted its 2019 Brent price forecasts to $80 a barrel from $75. “Our previous...
https://www.hellenicshippingnews.com/bofa-merrill-raises-2019-brent-crude-price-forecasts/
European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said in a report on Friday. The British research company said slower trading in 2017 was followed by an upturn in the...
https://www.hellenicshippingnews.com/europe-gas-trade-volume-on-track-for-record-in-2018-so-far/
Japan’s crude steel output rose 0.9 percent in August from a year earlier to 8.81 million tonnes, an industry body said on Friday, reflecting a recovery in production at mills located in areas that saw torrential rain in July. Gushing water broke levees and landslides destroyed houses in west Japan...
https://www.hellenicshippingnews.com/japans-crude-steel-output-edges-up-in-august/
A flour mill in Bahrain has issued an international tender to purchase 25,000 tonnes of wheat, European traders said on Monday. The tender closes on Oct. 2. Some 17,000 tonnes of semi-hard wheat and 8,000 tonnes of hard wheat were sought. Shipment was sought in late November. Source: Reuters...
https://www.hellenicshippingnews.com/bahrain-tendering-to-buy-25000-tonnes-wheat-trade/
Bunker fuel premiums in Fujairah dropped last week after hitting a record high mid-September as supply tightness had eased a little, however, current levels were still high compared to the first half of the year, S&P Global Platts data showed. Some market sources expect the premiums to hover around...
Money managers’ wagers on higher Brent crude prices are having their longest streak in almost a year. A meeting slated to begin Saturday in Algiers between the Organization of Petroleum Exporting Countries and allies may reveal whether the group will boost output to offset Iran’s plunging crude...
https://www.hellenicshippingnews.com/bulls-gain-conviction-in-oil-rally-as-opec-ministers-gather/
The price of Brent oil climbed past $80 a barrel Monday, leaving the international crude benchmark on course to its highest close in almost four years as OPEC and its allies keep their production in check. Brent’s move comes as some analysts believe OPEC and its allies will struggle to make up for...
https://www.hellenicshippingnews.com/brent-crude-breaks-above-80-r/
Russian Energy Minister Alexander Novak told Rossiya state TV that high oil prices are not beneficial to anyone, after the OPEC and non-OPEC group of oil-producing countries ruled out any immediate increase in crude output. “All countries should aim to reach one goal: a balance of demand and...
https://www.hellenicshippingnews.com/high-oil-prices-benefit-no-one-says-russias-energy-minister/
Crude oil surpassed hydrocarbon gas liquids (HGL) to become the largest U.S. petroleum export, with 1.8 million barrels per day (b/d) of exports in the first half of 2018. U.S. crude oil exports increased by 787,000 b/d, or almost 80%, from the first half of 2017 to the first half of 2018 and set a...