In the oil market, balance is a difficult game. Calculating whether the 100 million barrel per day world market is likely in the months ahead to have a surplus or deficit of supply, or be balanced, where supply equals demand, is never simple. Projections must take into account a host of factors —...
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Mexico’s Pemex launches tender to import U.S. crude cargo -document
Mexico’s state-run oil company Pemex has launched a tender to buy a 350,000-barrel cargo of U.S. Light Louisiana Sweet (LLS) crude for delivery between Oct. 20-22 at the Pajaritos terminal, according to a document seen by Reuters on Monday. Source: Reuters (Reporting by Marianna Parraga, editing by...
Iran sanctions could send oil hitting $100 per barrel
Are the oil markets getting back into the summer 2008 mode? If the signals are being interpreted correctly, the possibility of a spike – and then indeed a sharp slump – cannot be ruled out. In summer 2008, crude touched the peak of $147 a barrel. The then Saudi oil minister Ali Al-Naimi and his …
https://www.hellenicshippingnews.com/iran-sanctions-could-send-oil-hitting-100-per-barrel/
Japan’s Inpex ships 1st condensate cargo from Ichthys project
Inpex Corp, Japan’s top explorer, said it has shipped its first condensate export cargo from the Ichthys liquefied natural gas (LNG) project in Australia. An Inpex spokesman said it shipped the 350,000 barrels cargo from the floating production, storage and offloading (FPSO) facility, but did not...
https://www.hellenicshippingnews.com/japans-inpex-ships-1st-condensate-cargo-from-ichthys-project/
Green funding for shipping in the Norwegian Capital Markets
The Norwegian capital markets have been and continue to be attractive and a widely used sources of equity and debt funding for shipping and offshore companies from around the globe. This is to a large extent due to the high industry knowledge among the participants in the market and their ability...
https://www.hellenicshippingnews.com/green-funding-for-shipping-in-the-norwegian-capital-markets/
Brent oil hits highest since 2014 before U.S. sanctions on Iran bite
Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before U.S. sanctions against Iran come into force next month. December Brent crude futures were up 23 cents at $82.96 a barrel at 1121 GMT, having touching their highest in almost four years at...
The future-proof approach to hard fouling prevention
Often described as the workhorses of the maritime trade, bulk carriers operate day in, day out, transiting liquid bulk cargoes and the millions of dry bulk commodities traded every day across the oceans of the world. More than eight years have passed since dry bulk freight rates reached a historic...
https://www.hellenicshippingnews.com/the-future-proof-approach-to-hard-fouling-prevention/
NORDEN invests in scrubbers
January 2020, marks a significant deadline in international shipping. From this date, fuel emissions from vessels sailing the oceans are only allowed to have a maximum sulphur content of 0.5% replacing the former limit of 3.5%. This substantial reduction in harmful sulphur emissions results from...
https://www.hellenicshippingnews.com/norden-invests-in-scrubbers/
How Much Oil Can Saudi Arabia Really Pump? We’re About to Find Out
Does Saudi Arabia have the extra oil? For the first time since Saddam Hussein invaded Kuwait in 1990, Saudi Arabia could face the ultimate petroleum test: pushing its complex network of oilfields, processing plants, pipelines, tank farms and export terminals to the limit, pumping every possible...
U.S. to be ‘strong supplier’ of compliant marine fuels ahead of 2020 thanks to shale boom -JBC
Owing to its booming shale industry, the United States is likely to become an important supplier of low-sulphur marine fuels ahead of major new emissions regulations in 2020, Vienna-based consultancy JBC Energy said. “The (United States) is likely to emerge as a strong supplier of compliant fuels...