Oil Heading for 7th Weekly Advance Oil headed for a seventh weekly gain, the longest run since December, as a global energy crunch roiled markets from Europe to Asia. Futures in New York extended gains in Asian trading
SHIPPINGInsight Conference: The Unsung Heroes of Shipping’s Decarbonization The opening sessions of the SHIPPINGInsight conference (now in its 10th year), with a powerful keynote speech from ABS’s Chris Wiernicki, were full of quotable quotes and broad sweeping overviews,
Putin’s pledge for more supply can’t stop Europe’s gas price surge (Bloomberg) --European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs. Europe’s largest gas supplier
Oil Down on Limited Trading Oil extended losses after Saudi Arabia cut crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand outlook. Futures in
Oil Up for Third Week as USA Refinery Restarts Outpace Production Oil gained a third week as investors focused on the ongoing production shut-ins in the U.S. Gulf of Mexico as more refineries have resumed operations nearly two
Landmark new Cosco LNG-fuelled VLCC heralds new supertanker era China has given the world a glance of the world’s first LNG dual-fuelled VLCC with new data showing the swathe of alternative fuelled supertankers on order around the world.