More than 250 participants had the opportunity to nurture and deepen the good relationship between Hamburg and St Petersburg at the Port Evening staged by Port of Hamburg in St Petersburg. Since 1957 Hamburg and St Petersburg have developed strong economic, cultural, social and scientific contacts....
https://www.hellenicshippingnews.com/hamburg-and-st-petersburg-strengthen-cooperation/
Saudi Aramco has signed a long-term deal with Zhejiang Rongsheng to supply crude oil to the Chinese company’s new refinery in eastern China, a source with knowledge of the matter said. The volume and grades to be supplied were not available. Saudi Aramco and Rongsheng could not be immediately...
Russia’s Surgutneftegaz issued a spot tender to sell four cargoes of Urals crude oil at 100,000 tonnes each loading from Russian Baltic ports, traders said. * The producer offered buyers two cargoes loading from Primorsk on Oct. 21-22 and 25-26 as well as two cargoes loading from Ust-Luga port on...
https://www.hellenicshippingnews.com/surgutneftegaz-sells-400000t-of-baltic-urals-in-october/
India’s palm oil imports in 2018/19 are likely to jump 8.7 percent from a year earlier as consumption in the world’s biggest edible oil consumer will expand amid a drop in local supplies, a leading industry analyst said. The rising imports may help support benchmark Malaysian palm oil prices that...
Oil prices climbed Thursday, maintaining four-year highs, after the U.S. indicated it wouldn’t open up its strategic petroleum reserves to flood the market and put a cap on prices. Brent crude, the global benchmark, was up 0.7% at $81.89 a barrel on London’s Intercontinental Exchange. On the New...
https://www.hellenicshippingnews.com/oil-gains-after-u-s-holds-fire-on-opening-reserves/
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...
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/
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...
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 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...