Crooked Bough News Round-up

+ Iran oil to stabilize global market, reduce prices: Qatar FM—The Qatari foreign minister Sheikh Mohammed bin Abdulrahman Al-Thani h...

+ ADNOC announces three new oil discoveries—Abu Dhabi National Oil Company on Thursday announced three oil discove...

+ OIL FUTURES: Strong start to week for crude prices in view of tight products supply—Oil prices firmed in early Europe trading May 23 amid a tight market w...

+ German economy minister expects EU embargo on Russian oil ‘within days’ -ZDF—The European Union will likely agree an embargo on Russian oil imports...

+ China demand must remain weak or we’ll have big trouble in the oil markets, IEA chief says—The executive director of the International Energy Agency spoke of the...

+ Upstream cost inflation is back—In Adam Smith’s Wealth of Nations, he draws a useful distinction betwe...

+ Oman increases oil output by 9.2% as exports jump—Oman’s daily average production of oil continued to remain above one m...

+ Oil prices at $110/bbl pose ‘bigger threats’ than inflation -India Oil Min—Indian oil minister Hardeep Singh Puri said oil prices staying at $110...

+ Iran and Oman agree to jointly develop shared oilfield – Fars news—Iran and Oman have agreed to form a committee to jointly develop the H...

+ U.S. retail diesel prices increase to over $6 per gallon in the Northeast—On May 16, 2022, the average U.S. on-highway retail diesel fuel price ...

+ IEA warns against energy crisis deepening fossil fuel reliance—The energy security crisis since Russia’s invasion of Ukraine must not...

+ Russia’s offline primary oil refining capacity revised up 5.2% for May—Russias idle primary oil refining capacity was revised up to 6.522 mil...

+ Canada missing the boat on LNG as U.S. sails ahead—Canada missed the first LNG window as the United States rapidly establ...

+ European refinery crude intake rises almost 7% in April – Euroilstock—European refiners processed 9.72 million barrels per day (bpd) of crud...

+ ‘Serious measures vital to stabilize prices of oil’: Kuwait—Minster of Commerce and Industry Fahad Al-Shuraian said that the polit...

+ China to add around 61% of total methanol capacity additions in APAC through 2026, finds GlobalData—China is expected to play a significant role by adding a capacity of 2...

+ Crude output drops 3% on year in April, below official forecast—Norways crude oil output was down 3% on the year in April at 1.66 mill...

+ Crude output drops 3% on year in April, below official forecast—Norways crude oil output was down 3% on the year in April at 1.66 mill...

+ Oil firms on tight supply as U.S. driving season looms—Oil prices gained on Monday with U.S. fuel demand, tight supply and a ...

+ The Commodities Feed: Russian gas flows to Finland stop—Energy Tightness in the refined products market continues to support t...

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As of 5/23/22 11:05pm. Last new 5/23/22 12:48pm.

+ UKMTO Weekly Piracy Report 11 – 18 May 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Navy Foils Pirate Attack on Iranian Ship in Red Sea—Iranian Navy Commander Rear Admiral Shahram Irani said on Wednesday th...

+ Iran’s Navy escort team foils pirates’ attack in Gulf of Aden—The 80th Naval Fleet of Iran’s Navy clashed with pirates on Friday mor...

+ UKMTO Weekly Piracy Report 03 – 10 May 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 27 Apr – 03 May 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 20 – 26 Apr 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 13 – 19 Apr 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ ICC IMB urges continued caution while welcoming lull in crew kidnappings in Gulf of Guinea—The ICC International Maritime Bureau’s latest global piracy and armed...

+ UKMTO Weekly Piracy Report 06 – 12 Apr 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 27 Mar – 05 Apr 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 20 – 26 Mar 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Enhancing maritime security in the Western Indian Ocean and Gulf of Aden—Information sharing is critical for maritime security. Best Practices ...

+ Dryad Global: Commercial Operations: Shipping, Ports & Ukraine—The Russian invasion of Ukraine, and the subsequent impact on commerci...

+ UKMTO Weekly Piracy Report 13 – 19 Mar 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Piracy and armed robbery in Asia – update—Although the overall situation in Asia in 2021, compared to 2020, has ...

+ Global pirate attacks and maritime armed robbery incidents lowest since records began—The global reporting centre for pirate and maritime armed robberies ha...

+ UKMTO Weekly Piracy Report 06 – 12 Mar 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ UKMTO Weekly Piracy Report 27 Feb – 05 Mar 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

+ Piracy trends and hotspots—Global piracy and armed robbery numbers decreased in 2021, according t...

+ UKMTO Weekly Piracy Report 20 – 26 Feb 2022—Warnings, advisories and piracy incidents in the Indian Ocean Area by ...

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As of 5/23/22 11:05pm. Last new 5/22/22 12:56pm.

+ S. Korea: Workers Shunning Shipbuilding Companies—The number of regular employees of Hyundai Heavy Industries, Daewoo Sh...

+ CGS-CIMB positive on Yangzijiang Shipbuilding awaiting shipbuilding execution results—CGS-CIMB Research analysts Lim Siew Khee and Izabella Tan have kept an...

+ GTT Receives An Order From Hyundai Samho Heavy Industries For The Tank Design Of A New LNG Carrier—GTT announces that it has been chosen, in April 2022, by its partner t...

+ DSME Cancels an Order for an LNG Carrier—Daewoo Shipbuilding and Marine Engineering (DSME) announced on May 18 ...

+ KSOE and SHI Win Orders for LNG Carriers—Korea Shipbuilding Offshore Engineering (KSOE), the shipbuilding hold...

+ GTT obtains an order from Hyundai Heavy Industries to design the fuel tanks for six new LNG-fueled container vessels—GTT has been chosen in April 2022 by its partner the Korean shipyard H...

+ China: Shipbuilders to witness fast growth on soaring demand—Chinas shipbuilding industry will enter a high-growth period this year...

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As of 5/23/22 11:05pm. Last new 5/23/22 4:38am.

+ China can offset effects of Fed’s rate hikes—Since the international monetary system is dominated by the dollar, th...

+ BoE’s COVID policy not to blame for inflation, Bailey says—Britains current surge in inflation is not the fault of the Bank of En...

+ Germans are suffering large cuts in real pay – Bundesbank report—Workers in Germany are experiencing large cuts in their purchasing pow...

+ U.S. households felt financially flush going into 2022, Fed survey shows—U.S. households reported their highest level of financial well-being s...

+ German Ifo improved in May—The gradual return of optimism continues but only if the focus is limi...

+ U.S. Economic Growth Gained Momentum in April — Chicago Fed—The U.S. economy continued to expand in March, picking up pace compare...

+ Cold beer to your door: brewers in Latin America go direct—With COVID-19 lockdowns normalising home delivery of everything from f...

+ India’s inflation fight will hurt growth, risks wider fiscal gap—Indias export duty hikes and tax cuts will likely hurt economic growth...

+ China’s stable economic growth is of great significance to global recovery: WEF president—Chinas stable economic growth is of great significance to global recov...

+ ECB rate hikes in July, Sept, likely a done deal: Villeroy—European Central Bank rate hikes in July and September are essentially...

+ Innovation drive expected to help boost recovery—Chinas intensified efforts to unleash the power of innovation in drivi...

+ Why shared principles and collective action are the building blocks of a sustainable, global economy—Keng Sreymom, 36, lives with her aunt in one of the floating villages ...

+ Economic storm looming, business and government leaders warn in Davos—Multiple threats to the global economy topped the worries of the world...

+ U.S. announces major Asia economic deal in effort to boost profile, counter China—In a move to raise its economic profile and create another counterbala...

+ China lockdowns, war risk derailing global jobs recovery -ILO—The global job market is at risk of doing a U-turn on its path towards...

+ UK CEO pay rebounds, gap widens with workers – report—British chief executives pay is on track to exceed their employees med...

+ Biden’s Asian economic talks include 13 countries, and no China—President Joe Biden launches his plan for U.S. economic engagement in ...

+ Biden says weighs reducing tariffs on China, asking OPEC to pump more oil—US President Joe Biden said he was weighing cutting tariffs on Chinese...

+ ECB likely to get out of negative rates by end-September, Lagarde says—The European Central Bank is likely to raise its deposit rate out of n...

+ SE Asia seen growing way out of gloom—Southeast Asia is on track to recover from nearly two years in the dol...

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As of 5/23/22 11:05pm. Last new 5/23/22 7:55am.

+ IMF sees tepid German recovery but risks skewed to the downside—The German economy is on track for a tepid economic recovery but risks...

+ IMF urges Asia to be mindful of spillover risks from tightening—ASIAN economies must be mindful of spillover risks as a decade of unco...

+ IMF’s Georgieva says finance leaders need to anticipate multiple inflation shocks—International Monetary Fund Managing Director Kristalina Georgieva sai...

+ Reaping efficiency gains through product market reforms in China—The impressive emergence of China’s economy is set to lose some moment...

+ IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation—International Monetary Fund Managing Director Kristalina Georgieva sai...

+ Unemployment rate in the OECD falls further to 5.1% in March 2022—The unemployment rate in the OECD fell further to 5.1% in March 2022, ...

+ Leading indicators continue to point to growth losing momentum in Europe—The OECD Composite leading indicators (CLIs) continue to point to grow...

+ Household income falls slightly in OECD area in Q4 2021, despite continuing GDP growth—In the OECD area, GDP per capita rose by 1.2% quarter-on-quarter in th...

+ Inflation in the OECD area surges to 8.8% in March 2022 as energy prices continue to rise—Consumer prices in the OECD area rose by 8.8% year-on-year in March 20...

+ Inflation to be Elevated for Longer on War, Demand, Job Markets—The war in Ukraine will quicken inflation, which we now expect to rema...

+ Navigating the Economic Obstacle Course while Addressing Long-Term Challenges: The Role of IMF Capacity Development—Thank you, Dominique. I am very pleased to chair today’s important eve...

+ Ukraine war to curb Central Asian economy, oil cushions Middle East -IMF—The war in Ukraine will sharply reduce economic growth in the Central ...

+ G20 debt relief talks should take three months, says IMF Africa head—Debt restructuring talks between creditor countries should take three ...

+ OECD countries advancing slowly on sustainable development targets by 2030—Despite progress made since the adoption of the 2030 Agenda for Sustai...

+ IMF warns of ‘stagflationary’ risks in Asia, cuts growth outlook—The Asian region faces a stagflationary outlook, a senior Internationa...

+ Europe should use fiscal not monetary policy to deal with Ukraine war -IMF—European governments should deal with the economic consequences of the...

+ IMF warns of further market sell-offs as central banks adjust policy—The International Monetary Fund has warned of more market sell-offs as...

+ The employment rate in the OECD rises to 68.7% in Q4 2021, close to its pre-pandemic rate—The OECD employment rate, which is the percentage share of the working...

+ IMF chief warns of risks from a prolonged China slowdown—A prolonged slowdown in China would have substantial global spillovers...

+ China’s spiking Covid cases, Ukraine war cloud growth in Asia, says IMF—Rising Covid cases in China and the war in Ukraine pose headwinds for ...

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As of 5/23/22 11:05pm. Last new 5/23/22 4:44pm.

+ UK gov’t urged to act and drive adoption of shore power for ports—New mandatory targets must push ports into installing, and subsequentl...

+ Germany striving to develop gas field with Senegal amid supply uncertainties—Germany plans to work with Senegal on the development of an offshore g...

+ MOL, partners launch facility for technical carbon removals—On 23 May, five companies from across Asia, Europe, and North America ...

+ LNG-fuelled MSC World Europa to become greenest in MSC Cruises’ fleet—MSC Cruises says its LNG-fuelled newbuild MSC World Europa is to becom...

+ Latvia’s Virši to buy Skulte LNG Terminal stake—Virši has signed an agreement with Skulte LNG terminal to buy 20 per c...

+ Rio Tinto, BP team up on one-year sustainable biofuel trial—Anglo-Australian mining group Rio Tinto and British energy company BP ...

+ NYK, partners ink MoU for acceptance of ammonia-powered tug at Yokohama port—Japanese shipping company NYK Line and its partners IHI Power Systems ...

+ Sailcargo buys Swedish sailing cargo vessel to accelerate green shipping—Costa Rica-based clean shipping company Sailcargo has purchased sailin...

+ Excelerate Energy and Gasgrid sign 10-year FSRU charter agreement—Excelerate Energy and Gasgrid Finland have signed a ten-year deal to c...

+ MOL’s eco-friendly bulker to help reduce GHG emissions in woody biomass supply chain—MOL Drybulk, a subsidiary of Mitsui O.SK. Lines (MOL), has signed a me...

+ Port of Antwerp-Bruges readies for first hydrogen-powered tugboat en route to becoming climate-neutral—Port of Antwerp-Bruges and cleantech company CMB.TECH are preparing to...

+ In focus: Europe’s political balancing act within offshore energy realm—European governments' efforts to balance the security of the energy su...

+ Seaspan ULC orders two LNG bunker vessels for the Pacific Northwest—Canada-based shipping group Seaspan Marine Transportation has recently...

+ World’s largest cruise company comes on board zero-carbon shipping centre—The world's largest cruise company Carnival Corporation has joined the...

+ Germany’s DekaBank joins Poseidon Principles—DekaBank, the securities services provider of the German Savings Banks...

+ Neoline picks Solid Sail solution for its first sailing cargo ship—French low-carbon shipping company Neoline has selected the Solid Sail...

+ Damen to promote Bawat’s ship-based ballast water management system—Damen Green Solutions, a member of the Damen Shipyards Group, has been...

+ Corvus Energy to open US battery factory amid increased demand—Norway’s energy storage company Corvus Energy is expanding its US oper...

+ Shipping’s future-fuel demand equal to entire current global renewables production, data shows—A new report commissioned by the International Chamber of Shipping (IC...

+ K Line opens vehicle terminal powered by renewable energy—K Line and Daito have started the operation of the K Line's first dedi...

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As of 5/23/22 11:05pm. Last new 5/23/22 9:17am.