IEA: Can diesel keep dodging big impacts from attacks on Russian refineries?

Diesel prices relative to crude have held fairly steady in recent weeks, but a report by the International Energy Agency has a wary — though not apocalyptic — recap for diesel consumers on how Ukraine’s attacks on Russian refineries might end that stability.

Crude and products markets are up overall in the past month. Brent, the world’s crude benchmark, settled on March 12 at $81.92 a barrel. It has crossed the $90 mark in recent days, primarily fueled by concerns that growing tensions between...

https://www.freightwaves.com/news/iea-can-diesel-keep-dodging-big-impacts-from-attacks-on-russian-refineries

COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts]

We’ve passed Twelfth Night, so let’s look at some key numbers for the year ahead. This week’s lucky lottery numbers are 4, 10, 29, 177, and 470,000. Who is feeling lucky? Four newbuilds for wind: #1 Toyo Nature abhors a vacuum, and as Global Marine Systems, for two decades the former cablelay market leader, sinks […]

The post COLUMN | 2024 by the numbers: Cableships; methanol; the Nigerian Navy; BP and Equinor’s wind woes; Noble in Suriname and Colombia [Offshore Accounts] appeared first on Baird...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-2024-by-the-numbers-cableships-methanol-the-nigerian-navy-bp-and-equinors-wind-woes-noble-in-suriname-and-colombia-offshore-accounts/

OPINION | Russia using “shadow fleet” to keep oil revenues flowing

Western efforts to choke Russia’s oil profits are failing as production cuts agreed with Saudi Arabia push the market price towards US$100 a barrel and Russia’s biggest customers—China and India—start paying close to full market price. Russia is successfully evading the Western effort to impose a...

https://www.bairdmaritime.com/ship-world/tanker-world/opinion-russia-using-shadow-fleet-to-keep-oil-revenues-flowing/

In focus: Advanced economies should pave the net-zero way as bolder action is needed

Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.

The post In focus: Advanced economies should pave the net-zero way as bolder action is needed appeared...

https://www.offshore-energy.biz/in-focus-advanced-economies-should-pave-the-net-zero-way-as-bolder-action-is-needed/

IEA spells out supply and demand imbalance driving oil prices higher

If you’re trying to figure out why the price of diesel is soaring, look no further than the first two pages of the International Energy Agency’s August report.

The closely watched monthly report on the world’s supply and demand balance can be summed up from two sentences in the opening summary.

“World oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity,” said the opening sentence of the IEA’s...

https://www.freightwaves.com/news/iea-spells-out-supply-and-demand-imbalance-driving-oil-prices-higher

Key oil report sees global demand increases moderating in 2nd half

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The July oil report from the International Energy Agency (IEA) perfectly captures a market where...

https://www.freightwaves.com/news/key-oil-report-sees-global-demand-increases-moderating-in-2nd-half

Ørsted to Store 430,000 Tonnes of CO2 Emissions Under Seabed

Credits: Marcin Jozwiak/ Pexels
  • Ørsted was awarded public funding from the Danish Energy Agency to develop a CO2 capture hub for the biomass power station.
  • Carbon capture and storage is one of the four credible pathways to net zero as outlined by the International Energy Agency.
  • Together with the Yara announcement, the agreement with Ørsted supports Northern Lights’ ambition on commercial growth and expansion

Danish renewables firm Ørsted has signed a CO2 Transport and Services Agreement (TSA)...

https://mfame.guru/orsted-to-store-430000-tonnes-of-co2-emissions-annually-under-seabed/

Diesel rationing could hit East Coast this summer, refinery owner says

A silver tractor-trailer travels in front of a Love's and Arby's sign with high diesel prices.

The East Coast of the U.S. could face a worsening diesel shortage this summer, John Catsimatidis, CEO of United Refining Co., said in an interview with Bloomberg. United produces some 70,000 barrels of petroleum products each day and sells gasoline throughout western New York and northwestern Pennsylvania, according to the company’s website

“I wouldn’t be surprised to see diesel being rationed on the East Coast this summer,” Catsimatidis told Bloomberg’s Lucia Kassai. “Right now inventories...

https://www.freightwaves.com/news/diesel-rationing-could-hit-east-coast-this-summer-refinery-owner-says

Tipping point: End of fossil fuels and transitioning to net zero

Tipping point: End of fossil fuels and transitioning to net zero

Monday 9 August 2021 – Vol.12 Ed.32.1

Commentary: Shell verdict marks end of fossil fuel era

By Donald Pols and Sjoukje van Oosterhout 

On 26 May 2021 at 3pm, the District Court in The Hague ruled that one of the world’s largest polluters, Royal Dutch Shell, must stop causing dangerous climate change. Successful shareholder activism at ExxonMobil and Chevron as well as the latest International Energy Agency report are further proof...

https://allaboutshipping.co.uk/2021/08/09/tipping-point-end-of-fossil-fuels-and-transitioning-to-net-zero/

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