Ecoslops, the cleantech that brings oil into circular economy, announces its results for the first half of the year to June 30, 2018, as approved by the Board of Directors at its meeting of September 26, 2018 . Vincent Favier, Chairman and CEO of Ecoslops, says: «The first half of 2018 has been...
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Trump Has a Weapon to Lower Oil Prices and It’s Not His Twitter
Tweeting will only get you so far. After failing to cajole OPEC to pump more and lower oil prices, U.S. President Donald Trump could pursue a more direct route: tapping his nation’s Strategic Petroleum Reserve. And just as with his tweets, that may not lead him to his goal. With global benchmark...
https://www.hellenicshippingnews.com/trump-has-a-weapon-to-lower-oil-prices-and-its-not-his-twitter/
Port Houston Continues to Shatter Records and Investments to its Bayport Channel Continue to Yield Results
The investments being made to Port Houston’s channel continue to pay off. As a result of the completion of the widening and deepening of its Bayport Channel and work on what’s known as the Bayport flare, Port Houston is seeing rapid growth in the size of ships calling its container facilities. Port...
OPEC will balance oil markets, but spare capacity limited: Nigerian official
The Organization of the Petroleum Exporting Countries (OPEC) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by available spare capacity, a Nigerian oil industry official said. “It’s obvious that if you have high prices it’ll affect...
Oil prices rise one percent ahead of U.S. sanctions against Iran
Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against major crude exporter Iran, which are set to be implemented in November. Front-month Brent crude futures were at $82.23 per barrel at 0650 GMT, up 89 cents, or 1.1 percent from their...
Aegean Marine Petroleum Network Announces Key Leadership Changes
Aegean Marine Petroleum Network Inc. today announced that President Jonathan McIlroy will leave the Company, effective November 15, 2018. On August 9, 2018, the Company announced the appointment of Kostas Polydakis to the position of Chief Operating Officer, as well as his qualifications and...
Bulls Dominate as Oil Traders Wrap Up Their Annual Asian Shindig
The biggest gathering of oil traders in the world’s hottest market is drawing to a close. As they leave Singapore and head back to their desks in Geneva, Houston and Shanghai, the mood is the most bullish it’s been in years. There’s talk of $100 oil again amid a growing realization that sanctions...
LNG tankers heading to Britain, Belgium and the Netherlands
The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium and the Netherlands in the coming weeks. Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Reuters, are updated below. Some tankers heading for Belgium and...
https://www.hellenicshippingnews.com/lng-tankers-heading-to-britain-belgium-and-the-netherlands-34/
China says ‘huge potential’ for Australian LNG industry from US trade war
China says there is “huge potential” for Australia’s liquefied natural gas (LNG) industry from its trade war with the US after imposing tariffs on rival American imports of the important energy source being encouraged by Beijing to clean up pollution. China has imposed import tariffs on US LNG...
Pipeline deal brings export of Israeli gas to Egypt within sight
Companies operating in both Israel and Egypt will buy a 39 percent stake in the EMG pipeline to enable a landmark $15 billion natural gas export deal to begin next year, the partners said on Thursday. The $518 million purchase by Israel’s Delek Drilling , Texas-based Noble Energy and the Egyptian...