Crooked Bough News Round-up

+ China dominates Asia’s refinery CDU capacity additions by 2024, says GlobalData—China is expected to dominate Asia’s refinery crude distillation unit ...

+ Brazil’s oil industry sees COVID-19 impact until the end of 2021—Brazil’s oil industry expects a recovery in domestic demand in the nex...

+ COVID-19 dampens long-term energy demand and highlights scale of climate emergency—The economic and behavioural ramifications of COVID-19 will significan...

+ OPEC+ likely to roll back oil cuts in August, as market continues to recover: delegates—OPEC and its allies have not discussed extending their record 9.7 mill...

+ Saudi Aramco CEO sees oil demand at 90 mil b/d in COVID-19 recovery—Oil demand has rebounded close to 90 million b/d, partly reversing a s...

+ Brazil’s oil output grows by 7.8 pct in 2019—Brazil’s oil output grew by 7.8 percent in 2019 compared with th...

+ Plan for world-leading clean hydrogen plant in the UK—Equinor is leading a project to develop one of the UK’s – and the worl...

+ The Commodities Feed: OPEC output falls further—Energy A larger than expected drawdown in US crude oil inventories has...

+ UAE’s ADNOC sets July Murban crude official selling price at plus $1/bbl – document—Abu Dhabi National Oil Company (ADNOC) has set the July selling price ...

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As of 7/2/20 5:20am. Last new 7/1/20 3:42pm.

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As of 7/2/20 5:20am. Last new 6/28/20 4:17pm.

+ GTT receives a new order from DSME for the design of two large Floating LNG Storage Units—GTT has received an order from the Korean shipyard Daewoo Shipbuilding...

+ Samsung Heavy Industries and Bloom Energy Advance Plans for Clean Power Ships with Joint Development Agreement—Bloom Energy (NYSE: BE) and Samsung Heavy Industries (SHI), a part of ...

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As of 7/2/20 5:20am. Last new 7/1/20 4:43pm.

+ India’s Dreams Of Being Next China Hit Trumpian Nightmare—As Chinese and Indian soldiers face off on the roof of the world, ther...

+ UK manufacturing steadies in June after historic slide – PMI—The historic collapse in British manufacturing caused by the coronavir...

+ German Jobless Claims Rose Less Than Expected in June—German jobless claims rose in June but by much less than expected, sho...

+ Fed’s Daly sees 4-5 year recovery in best-case scenario—San Francisco Federal Reserve Bank President Mary Daly on Wednesday pa...

+ 50% cut in Chinese FDI poses bleak prospect for Indian economy—Double blows from the COVID-19 pandemic and hostility of the Indian go...

+ German Economy’s Gradual Recovery From Coronavirus Slump to Start Now, Ifo Says—The German ifo Institute expects the German economy to begin recoverin...

+ Coronavirus: Johnson sets out ‘ambitious’ economic recovery plan—Boris Johnson has said now is the time to be “ambitious” a...

+ Pandemic must not stop move to scrap Libor, say regulators—Disruption to markets caused by the COVID-19 pandemic must not stop ba...

+ India’s core industrial output plunges by over 23% in May—Output pace of India”s eight major industries plunged in May 202...

+ Fed’s $600 Billion Main Street Lending Program Sees Lukewarm Interest—The government is offering to lend up to $600 billion to help small an...

+ Euro zone factory downturn eased in June as lockdowns loosened—The downturn in euro zone manufacturing was not as bad as initially th...

+ Italy bank showdown looms in test for European consolidation—As many bankers fled Italy’s financial capital for second homes ...

+ U.S. Private Sector Adds 2.37 Million Jobs in June—The nonfarm private sector in the U.S. added 2.37 million jobs in June...

+ UK employers demand action now to survive COVID crisis—A British employers group demanded immediate action from finance minis...

+ German retail sales rebound in May as lockdown lifted—German retail sales rose sharply in May, data showed on Wednesday, ref...

+ China’s factory activity expands, but job losses quicken amid weak exports: Caixin PMI—China’s factory activity grew at a faster clip in June after the gover...

+ A National Mask Mandate Could Save The U.S. Economy $1 Trillion, Goldman Sachs Says—As mask-wearing becomes a political flashpoint—despite coronavirus cas...

+ EU and Britain making ‘very limited’ progress in talks – Merkel—The European Union and Britain have made “very limited” pr...

+ China will not experience high inflation or deflation – central bank publication—China will not experience high inflation or deflation as its economy i...

+ ECB ready to adapt policy to coronavirus but reforms key to recovery – de Guindos—The European Central Bank is ready to adapt its policy to the needs of...

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As of 7/2/20 5:20am. Last new 7/1/20 4:43pm.

+ UK may need bigger safety net for jobless after lockdown – IMF—Britain should consider increasing its unemployment benefits to help g...

+ OECD: International community continues making progress against offshore tax evasion—The international community continues making tremendous progress in th...

+ IMF revises down forecast for Asian economy, warns of “clouds on the horizon”—The International Monetary Fund (IMF) revised down its forecast for th...

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As of 7/2/20 5:20am. Last new 7/1/20 4:43pm.

+ Silverstream Technologies to work on maximizing its air lubrication system’s potential through machine learning—Air lubrication technology manufacturer Silverstream Technologies in c...

+ Construction starts on Terntank’s hybrid tankers—China Merchants Jinling shipyard started building on Tuesday two LNG a...

+ Tallink makes RoPax purchase amid COVID-19—Estonian ferry company AS Tallink Grupp has strengthened its fleet wit...

+ Global Energy Ventures, CIMC Raffles extend LoI—Australia’s Global Energy Ventures (GEV), a developer of global integr...

+ Kongsberg Digital acquires Denmark’s maritime software firm—Kongsberg Digital, part of Norway's Kongsberg Group, has acquired Coac...

+ CMES takes full control over Singapore bunkering unit—China Merchants Energy Shipping (CMES) has agreed to acquire 70% of eq...

+ Doeksen’s first LNG-powered ferry enters service—Dutch ferry operator Rederij Doeksen said its first liquefied natural ...

+ VIDEO: Koedood about hydrogen boosting innovation—The possibilities of hydrogen as an energy carrier are creating a boos...

+ VIDEO: Koedood about hydrogen boosting the innovation—The possibilities of hydrogen as an energy carrier are creating a boos...

+ Go(ne)ing with the wind: 40 ships to have wind propulsion installed by the end of 2022—Wind-assisted ship propulsion has immense potential for achieving fuel...

+ ICS: 400,000 seafarers stranded at sea and shore due to crew change crisis—A staggering number of seafarers is being impacted by the inability to...

+ Schottel supplies rudder propellers for Port of Aarhus tugboat—The German propulsion manufacturer Schottel has been awarded a contrac...

+ Volkswagen’s first LNG-powered car carrier arrives in US—Volkswagen Group said Wednesday it welcomed its first LNG-fuelled car ...

+ Furuno acquires Danish maneuvering and steering systems provider—Japanese electronics company Furuno has acquired Danish company EMRI A...

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As of 7/2/20 5:20am. Last new 7/2/20 4:38am.