World oil indexes have not had any firm trend during the week: fuel markets are trying to make sense out of both supply and demand questions as well as geopolitical uncertainty. OPEC downgraded demand while the IEA said in a report that supply outages are tightening up the oil market. MABUX World...
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Iran Says Oil Production Unaffected by Deadly Attack
Iran is producing oil at normal levels in spite of a deadly shooting in the crude-rich Khuzestan province, home to fields accounting for two-thirds of the Islamic Republic nation’s output, according to the Oil Ministry. OPEC’s No. 3 producer didn’t take any extra security measures to protect energy...
https://www.hellenicshippingnews.com/iran-says-oil-production-unaffected-by-deadly-attack/
ShipsFocus Weekly Chemical Shipping Report, Week 38 2018
ShipsFocus Weekly Chemical Shipping Report, Week 38 2018 Source: ShipsFocus Intelligence Pte Ltd.
https://www.hellenicshippingnews.com/shipsfocus-weekly-chemical-shipping-report-week-38-2018/
Saudi energy minister – I do not influence oil prices
Saudi Arabian Energy Minister Khalid al-Falih said on Sunday he does not influence oil prices, just two days after U.S. President Donald Trump called on OPEC to bring down the cost of fuel. “I do not influence prices,” Falih told reporters in Algiers ahead of a meeting of OPEC ministers and allies...
https://www.hellenicshippingnews.com/saudi-energy-minister-i-do-not-influence-oil-prices/
OPEC raises U.S. oil supply outlook, sees lower demand for own crude
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite a growing appetite for energy fed by global economic expansion. “Declining demand for OPEC crude is a result of strong non-OPEC...
Nigeria oil unions threaten nationwide strike over Chevron dispute
Nigeria’s two main oil unions have prepared their members for possible nationwide industrial action over a staffing dispute with Chevron, they said on Saturday. Nigeria, an OPEC member, is Africa’s largest oil producer and crude sales make up around two-thirds of government revenues in West...
LPG as a fuel for Very Large Gas Carrier (VLGC) – Approval in Principle granted
HHI has received an AiP during a presentation at Gastech – the leading exhibition and conference for the global gas, LNG and energy industries held 17-20 September in Barcelona, Spain – from LR for a VLGC design capable of using LPG as fuel. This development was the result of collaboration between...
OPEC, allies overachieved on output cut by 600,000 bpd in August – Oman
OPEC and non-OPEC oil producers overachieved on pledged crude output cuts by 600,000 barrels per day in August, Oman’s oil minister Mohammed bin Hamad Al-Rumhy said on Saturday. The size of the cut was around 2.4 million bpd, Rumhy told reporters. Source: Reuters (Reporting by Ahmad Ghaddar;...
Best Oasis Weekly Recycling Market Report, Week 38 2018
India Market: Indian market stands positive, yet there are speculations created by some cash buyers who are trying to drive the market upwards Source: Best Oasis Limited
https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-week-38-2018/
Platts JKM: Asia November LNG spot prices fall on thin demand
The Asian LNG benchmark JKM ended the week at $11.35/MMBtu for cargoes delivering in November, the new front month, down 6% from $12.069/MMBtu on Monday when the assessment period started, as a lack of buy interest for late autumn deliveries dragged down the market. Trade activity was thin...
https://www.hellenicshippingnews.com/platts-jkm-asia-november-lng-spot-prices-fall-on-thin-demand/