Crooked Bough News Round-up

+ Pakistan unveils oil storage plan to soothe currency, inventory woes—Pakistan crafted a proposal to encourage overseas crude suppliers to i...

+ US Interior boosts investment in plugging orphaned oil, gas wells on public lands—The Biden administration is stepping up efforts to advance environment...

+ Oil market yawned over Saudi cut as economic concerns cap prices -Chevron exec—Concern about the global economy dampened the oil markets reaction to ...

+ Oil set to end week unchanged as demand concerns outweigh supply cuts—Oil prices held steady on Friday, on track to end at week-ago levels, ...

+ EIA’s June short-term energy outlook shows Brent price inching up by $1/bbl—In its June short-term energy outlook, EIA has also increased its fore...

+ Britain brings in price floor to North Sea windfall tax—Britain said on Friday a windfall tax on oil and gas producers would r...

+ India’s May fuel demand jumps, diesel sales ascend to new peak—Indias fuel demand in May rose 9.7% year-on-year, while diesel sales c...

+ Lower European gas prices encourage switch from coal—Lower European wholesale natural gas prices due to swelling inventorie...

+ Ecuador sees crude output at 480,000 bpd in last months of Lasso’s term—Ecuadors government expects crude output to hit 480,000 barrels per da...

+ Slow pace of US gas infrastructure buildout is ‘recipe for disaster’: Williams CEO—The need for new US natural gas transmission and storage capacity may ...

+ Oil prices headed for second straight weekly loss on demand fears—Oil prices looked set to post their second straight weekly loss as pri...

+ Oil supply growth remains limited as demand rises, says top U.S. shale executive—Global demand for crude oil is continuing to rise but supply growth re...

+ Putin and Saudi Crown Prince MBS underline OPEC+ alliance in call—Russias President Vladimir Putin and Saudi Arabias Crown Prince Mohamm...

+ Russia in talks with Asia-Pacific nations on LNG supplies, projects -Novak—Russia has been in discussions with Asia-Pacific countries about new l...

+ U.S. crude oil production up last week—U.S. crude oil production averaged 12.4 million barrels per day (b/d) ...

+ Oil falls on potential Iran deal, weak demand prospects—Oil prices fell $3 a barrel on Thursday as demand weakness and a repor...

+ Saudi Arabia’s solo play shows mess of oil market contradictions—Saudi Arabias decision to deepen its crude oil production cuts, withou...

+ Doubling global pace of energy efficiency progress by 2030 is key step in efforts to reach net zero emissions—The International Energy Agency is bringing together global energy and...

+ Blend of WTI, Brazilian grades undercuts Nigerian crude in fresh blow to sector—WTI Midland, the light sweet US grade, is being blended with heavy Bra...

+ US diesel demand is falling despite economic growth- EIA—U.S. diesel demand will drop through 2024 despite growing economic act...

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As of 6/10/23 10:42am. Last new 6/9/23 4:24pm.

+ UKMTO Weekly Piracy Report 25 – 31 May 2023—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 18 – 24 May 2023—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

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As of 6/10/23 10:42am. Last new 6/7/23 12:42pm.

+ GTT receives three approvals in principle from DNV on its latest development projects in alternative fuels—GTT has been granted three Approvals in Principle (AiP[1]) from DNV, a...

+ Nature’s energy: harnessing the power of wind—Given our already substantial experience in new energy solutions, we a...

+ KSOE vows to lead eco-friendly innovation at Nor-Shipping—HD Korea Shipbuilding and Offshore Engineering said Thursday it has pa...

+ Drydocks World achieves 20,000th maritime project milestone—Drydocks World, a leading provider of global maritime services has com...

+ Deltamarin & BARTech make hull collaboration announcement—Naval architects, Deltamarin, and innovative marine engineering consul...

+ Hanwha heir vows to facilitate shipbuilding unit’s global expansion—Hanwha Group Vice Chairman Kim Dong-kwan, the oldest son of Chairman K...

+ GTT entrusted by HD Hyundai Heavy Industries with the tank design of four new LNG Carriers—GTT announces that it has received an order from its partner HD Hyunda...

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As of 6/10/23 10:42am. Last new 6/9/23 4:24pm.

+ China’s economy to pump energy in global economic recovery: spokesperson—The Chinese economy will continue to serve as an engine of growth and ...

+ US weekly jobless claims race to 1-1/2-year high, economists urge caution—The number of Americans filing new claims for unemployment benefits su...

+ US household wealth rose $3tn in the first quarter—Wealth increase led by equity market gains The value of assets held by...

+ Global organizations raise expectations on China’s economic growth—The Organization for Economic Co-operation and Development rose the ec...

+ UK and US launch first-of-its kind economic partnership—The Prime Minister and President Biden have agreed an innovative econo...

+ French central bank expects 0.1% second-quarter growth—The French economy is on course to eke out meagre growth in the second...

+ Credit Suisse puts up China brokerage venture for sale -sources—Credit Suisse CSGN.S and a joint venture partner are seeking buyers fo...

+ Consumers are keeping the U.S. out of a recession. It’s getting harder—The widely predicted U.S. recession remains out of sight as the first ...

+ China’s central bank upbeat on Q2 GDP growth, confident on 2023 targets—Chinas economic growth is expected to be relatively high in the second...

+ China’s factory deflation steepens as demand wanes—Chinas factory gate prices fell at the fastest pace in seven years in ...

+ Nordea Bank : part of the Net-Zero Asset Owner Alliance steering group—All members of the Alliance have committed to transitioning their inve...

+ BOJ set to keep ultra-low rates, may signal inflation overshoot—The Bank of Japan (BOJ) is expected to maintain ultra-loose monetary p...

+ Greek EU-harmonised inflation eases to 4.1% in May—Greeces annual EU-harmonised inflation rate slowed to 4.1% in May from...

+ With eye on China, US and five allies condemn trade-related ‘economic coercion’—The United States and five of its allies on Friday condemned the use o...

+ UBS agrees with Swiss government on Credit Suisse loss guarantee—UBS UBSG.S has signed an agreement with the Swiss government to cover ...

+ Fed seen on hold in June, but one-third of economists expect a hike soon—The U.S. Federal Reserve will not raise interest rates for the first t...

+ ECB to hike rates in June and July to break sticky inflation—The European Central Bank will hike its key interest rates by 25 basis...

+ Chinese FDI faces great wall in India as security fears rise—India approved less than a quarter of the total 435 foreign direct inv...

+ Goldman Sachs planning for sluggish growth, higher inflation—Goldman Sachs Group Inc (NYSE:GS). is planning for a period of sluggis...

+ Eurozone in technical recession after all—So, a technical recession after all. It just took the statistical offi...

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As of 6/10/23 10:42am. Last new 6/9/23 4:24pm.

+ IMF urges Fed, other central banks to keep tightening to get inflation under control—The International Monetary Fund urged the U.S. Federal Reserve and oth...

+ IMF expects ‘continued tangible progress’ from global sovereign debt roundtable—The International Monetary Fund said it expects the global sovereign d...

+ No handouts to big firms to offset global tax, OECD tells Vietnam—The Organisation for Economic Cooperation and Development told Vietnam...

+ Global economic outlook improving, albeit to a low growth recovery—The global economy has begun to improve, but the recovery will be weak...

+ OECD inflation declines further to 7.4% in April 2023, but core inflation remains elevated—Year-on-year inflation in the OECD, as measured by the Consumer Price ...

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As of 6/10/23 10:42am. Last new 6/9/23 5:01pm.

+ US: Clean Shipping Act 2023 introduced to help curb GHG emissions from ships—Members of the U.S. Congress have introduced the Clean Shipping Act of...

+ MOL invests in FLNG developer Delfin Midstream—Mitsui O.S.K. Lines (MOL) has entered into a strategic investment agre...

+ In focus: Clean fuels make a grand entrance into maritime and offshore energy space—The decarbonization of maritime industry is increasingly picking up pa...

+ Alfa Laval to deliver 1st methanol-fired steam boiler solution for ships—Swedish sustainable solutions provider Alfa Laval has expanded its por...

+ MOL appoints 1st female captain—Japanese shipping major Mitsui O.S.K. Lines, Ltd. (MOL) has appointed ...

+ Eastern Pacific inks deal for up to 4 dual-fuel LR II tankers with GSI—Singapore-based ship management company Eastern Pacific Shipping (EPS)...

+ Cargill, Kotug partner on world’s 1st zero-emission electric pusher tug and barge—Swiss freight trader Cargill has partnered with Kotug International to...

+ KSOE’s low-carbon methanol supply system gets ABS’ nod—South Korean shipbuilder HD Korea Shipbuilding Offshore Engineering (...

+ Viridis Bulk Carriers gets DNV’s green light for ammonia-fuelled short sea bulker—Ammonia-powered shipping startup Viridis Bulk Carriers has won Approva...

+ Fratelli Cosulich forms LNG bunkering partnership with Titan—Italian maritime transportation groupFratelli Cosulich has started a c...

+ Ammonia/methanol-ready boxship ALS Ceres delivered to ABS class—ALS Ceres, the first in a series of six 7,100 TEU container carriers d...

+ DNV study: Overwhelming majority of seafarers in need of advanced tech & new fuels training—A staggering 81 percent of seafarers expressed a necessity for partial...

+ LR, partners to measure carbon emissions of newbuild LNG carrier from cradle to grave—Lloyds Register (LR), Knutsen, HD Korea Shipbuilding and Offshore Engi...

+ DNV and Zakher Marine to cooperate on emission reduction solutions—Classification society DNV and Zakher Marine International (ZMI), owne...

+ Himalaya Shipping charters out another two LNG dual-fuel dry bulk carriers—Bermuda-based bulk carrier company Himalaya Shipping has entered into ...

+ Hurtigruten’s 1st zero-emission ship to feature electric propulsion, retractable sails, and AI maneuvering—Cruise company Hurtigruten Norway has revealed the most promising tech...

+ Corvus Energy launches new hydrogen fuel cell system—Corvus Energy, a supplier of energy storage solutions for the maritime...

+ Odfjell picks Alfa Laval’s air lubrication tech for its vessel—Norwegian company Odfjell Ship Management has partnered with Swedish s...

+ MOL orders LNG-fuelled bulker at Oshima—Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has revealed p...

+ Latest LNG containment system from LNT Marine and SDARI gets ABS’ approval—LNT Marine,  a technology and service provider within the maritime ind...

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As of 6/10/23 10:42am. Last new 6/9/23 7:14am.