Global Oil Stocks At 18-Month High: IEA

Credit: ian-taylor-unsplash

Global oil stocks have built to their highest level in 18 months, the IEA said today, which could provide a buffer later in the year when supplies will be “nowhere close” to matching demand, says an article published on Argusmedia.

Global inventories

The IEA’s monthly Oil Market Report (OMR) said global inventories rose by 52.9mn bl in January to 7.8bn bl, the highest since September 2021.

There were big builds in OECD countries, driven by reduced demand and by European...

https://mfame.guru/global-oil-stocks-at-18-month-high-iea/

«Πρωτοβουλία για τις Νησιωτικές Οικονομίες» – Η Ελλάδα βασικός εταίρος στο σχεδιασμό μέσω του Υπουργείου Ναυτιλίας

Την Πέμπτη 15 Δεκεμβρίου 2022, ο Ο.Ο.Σ.Α. πραγματοποίησε την επίσημη παρουσίαση της πρωτοβουλίας για τη Νησιωτική Οικονομία και η Ελλάδα μετείχε ως βασικός εταίρος στη διεθνή σύμπραξη που θα δημιουργηθεί για το σκοπό αυτό.

Η πρωτοβουλία του OECD αποσκοπεί στην καλύτερη κατανόηση των κοινών χαρακτηριστικών των νησιωτικών οικονομιών, των προκλήσεων που αντιμετωπίζουν και των πολιτικών, που συμβάλλουν στην ανάπτυξη και ευημερία τους.

Στόχος της πρωτοβουλίας είναι η ανάπτυξη μιας παγκόσμιας...

https://www.newmoney.gr/roh/palmos-oikonomias/nautilia/protovoulia-gia-tis-nisiotikes-ikonomies-i-ellada-vasikos-eteros-sto-schediasmo-meso-tou-ipourgiou-naftilias/

Soaring Energy Prices Doubled The Fossil Fuel Consumption!

  • Official data show that overall government support for fossil fuels in 51 countries worldwide doubled to 697.2 USD billion in 2021, from 362.4 USD billion in 2020 owing to increased energy prices.
  • Consumption subsidies are predicted to rise even further in 2022.
  • Analysis of transfers and tax breaks in G20 economies showed total fossil fuel support rose to USD 190 billion in 2021 from USD 147 billion in 2020.
  • Combining estimates covering 51 major economies, G20 and 33 other major...

https://mfame.guru/soaring-energy-prices-doubled-the-fossil-fuel-consumption/

Η αδυναμία «απεξάρτησης» της Αυστραλίας από τον άνθρακα

Σε προτροπή προς την Αυστραλία να μειώσει την εξάρτησή της από τα ορυκτά καύσιμα προέβη ο Selwin Hart, ειδικός σύμβουλος των Ηνωμένων Εθνών (ΗΕ) για την κλιματική αλλαγή, βάσει του πρακτορείου ειδήσεων Reuters. Σύμφωνα με τον κ. Hart, εάν δεν υπάρξουν αλλαγές, η κλιματική αλλαγή θα πλήξει σημαντικά την αυστραλιανή οικονομία.

Σημειώνεται πως η Αυστραλία είναι στις πρώτες θέσεις της παγκόσμιας κατάταξης των κατά κεφαλήν εκπομπών άνθρακα. Ωστόσο, η Καμπέρα διστάζει να πραγματοποιήσει σημαντικές...

https://www.naftikachronika.gr/2021/09/09/i-adynamia-apexartisis-tis-afstralias-apo-ton-anthraka/

Hawks succeed in ECB review, Central banks must change course to avoid possible financial crisis, and more

Hawks succeed in ECB review, Central banks must change course to avoid possible financial crisis, and more

THE WEEKEND REVIEW

Latest opinion and analysis from OMFIF around the world

5-9 July 2021, Vol.12 Ed.27

Most-Read Commentary

Hawks succeed in ECB review – but can they win next battle?: The ECB has introduced greater leeway into its inflation-targeting regime, rediscovering an old if oft-forgotten tradition of the German Bundesbank – flexibility. The agreement set a symmetrical 2% price rise...

https://allaboutshipping.co.uk/2021/07/10/hawks-succeed-in-ecb-review-central-banks-must-change-course-to-avoid-possible-financial-crisis-and-more/

Global minimum tax: a game changer for EU shipping?

Global minimum tax: a game changer for EU shipping?

Thursday, June 10 – Brussels

In light of the G7 summit of leaders starting this Friday, the ETF reiterates its call for an international agreement on a global minimum tax for multinational companies.

  • Global tax could be an important tool in addressing the negative effects of the use of flags of convenience in global shipping which allows shipowners of one country to hire the flag of another country.
  • The FOC flags offer regulatory advantages, low...

https://allaboutshipping.co.uk/2021/06/10/global-minimum-tax-a-game-changer-for-eu-shipping/

GLOBAL & REGIONAL DAILY (Thursday 3 December, 2020)

GLOBAL & REGIONAL DAILY (Thursday 3 December, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

December 3 2020

Global Markets

Poor US data y-day allowed US Treasuries to recover some ground, but gains were limited, amid rising optimism about a Covid-19 vaccine roll out soon and hopes for a $908bn fiscal stimulus package. In FX markets, the EUR-USD rally continues, hitting a fresh year-to-day peak of 1.2139 earlier today.

Greece

The headline PMI Manufacturing for Greece posted 42.3 in Nov., down from 48.7 in...

https://allaboutshipping.co.uk/2020/12/03/global-regional-daily-thursday-3-december-2020/

Shipping Companies and their Interest in Changing Landscape of Taxation

  • Multinational shipping companies—without whom there would be far less transfer pricing—have their own transfer pricing considerations.
  • Harold McClure looks at shipping multinationals and their interest in the changing landscape of international taxation under the OECD efforts to stem base erosion.
  • World trade grew from less than 15% of world GDP in 1970 to over 30% of world GDP in 2019.
  • Tariffs and transportation costs are the key impediments to international trade with both declining over the...

https://mfame.guru/shipping-companies-and-their-interest-in-changing-landscape-of-taxation/

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised its global economic projections downwards, patchy demand in the United States is being seen as a sign of recovery.

A surge in demand for container space is temporary according to consultant Jon Monroe, and a similar message has come from three leading economic thinktanks who have warned that international collaboration is essential if a strong global...

https://container-news.com/foolhardy-forecasts-and-trading-places/

Shipping Must Be Prepared for COVID-19 Second Wave

OECD economic scenarios
  • OECD predicts that heavy damage to trade and global economies is inescapable.
  • The loss of income will exceed that of any previous recession over the last 100 years outside of wartime.
  • The OECD outlined two scenarios – Single Hit and Double Hit.
  • Single Hit – virus continues to recede and remains under control.
  • Double Hit – the second wave of infections erupts by year-end.
  • In Single Hit, global GDP falls 6% this year and U.S. GDP drops 7.3%.
  • In Double Hit, 2020 global GDP plunges 7.6% and U.S....

https://mfame.guru/shipping-must-be-prepared-for-covid-19-second-wave/

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