Crooked Bough News Round-up

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

+ FOCUS-As biofuels boom, companies retool oilseeds to crack new markets—Deep within a suburban St. Louis warehouse, rows of ID-tagged soybean ...

+ Oil steadies as Saudi cut supports and focus turns to Fed—Oil steadied on Thursday as tighter supply resulting from Saudi Arabia...

+ Saudi Arabia’s ‘lollipop’ has yet to sweeten oil prices—Benchmark oil prices were largely unchanged after Sundays OPEC⁺ meetin...

+ U.S. natgas output and demand to hit record highs in 2023—U.S. natural gas production and demand will rise to record highs in 20...

+ US 2023 oil output to rise more than previously expected, EIA says—U.S crude oil production this year willrise fasterand demand increases...

+ US crude inventories draw down unexpectedly, fuel stocks rise – EIA—U.S. crude oil stockpiles fell unexpectedly last week, while distillat...

+ North Sea oil and gas producer Harbour in merger talks with Talos -sources—Harbour Energy Plc HBR.L, Britains largest North Sea oil and gas produ...

+ Oil prices edge higher as Saudi output cuts outweigh weak demand signals—Oil prices climbed over 1% on Wednesday as Saudi Arabias plans for dee...

+ Malaysia’s Petronas posts Q1 profit, eyes moderating oil and gas price—Malaysias state oil firm Petronas, or Petroliam Nasional Berhad, on We...

+ US EIA lifts 2023 world oil demand growth forecast—The U.S. Energy Information Administration on Tuesday raised its 2023 ...

+ Debt deal aims to expedite US energy investment—“Pork barrel politics”, referring to elected representatives securing ...

+ ANALYSIS-Saudi Arabia’s ‘icing on the cake’ oil cut could feed US producers—Saudi Arabia has crafted a complex OPEC+ deal with a view to punishing...

+ Saudi puts refiners over a barrel with July output cut, price hike: Russell—Having been surprised by Saudi Arabia announcing a unilateral 1 millio...

+ Russian pipeline gas flows to Europe drop back in May—Russias pipeline gas flows to Europe in May dropped back month on mont...

+ Oil extends losses as economic slowdown concerns return—Oil fell for a second day on Wednesday as concerns over global economi...

+ Investors ignore OPEC+ to focus on consumption outlook—Portfolio investors had become increasingly bearish about the outlook ...

+ U.S. crude oil inventories down last week: API—The American Petroleum Institute (API) on Tuesday reported a decrease ...

+ How OPEC+ deal cuts oil supply until end of 2024—Saudi Arabia will make a deep cut to its output in July in addition to...

+ Russia fully enforces its oil output cuts, Novak says—Russian is fulfilling its oil output cut obligations, Russian Deputy P...

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As of 6/8/23 11:20am. Last new 6/8/23 9:50am.

+ 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 6/8/23 11:20am. Last new 6/7/23 12:42pm.

+ 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...

+ South Korea’s ‘Big 3’ Shipbuilders Enter 14 Trillion Won Negotiations for Qatar LNG Vessels—HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industrie...

+ Strategic Marine inked agreement with Metizoft Asia for Environmental, Social & Governance (ESG) application service—Singapore-based aluminium shipbuilder Strategic Marine recently inked ...

+ Methanol-powered Vessels Rising over LNG-powered Vessels in Carbon Neutrality—The world’s largest shipping company Maersk has set the goal of moving...

+ HD KSOE selected by EU to participate in research project for development of hydrogen storage tech—HD Korea Shipbuilding Offshore Engineering, the holding company of Hy...

+ Mitsubishi Shipbuilding to Launch Technical Studies on Ammonia Fuel Supply System for Marine Engines under Development by WinGD—Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industri...

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As of 6/8/23 11:20am. Last new 6/8/23 9:50am.

+ EU launches survey to boost appeal of its debt—The European Union is launching a survey on Wednesday to help boost th...

+ McCarthy faces sudden challenge from hardliners after US debt ceiling bill—U.S. House Speaker Kevin McCarthy faces a revolt from hardline Republi...

+ China’s stimulus could focus on its ‘dire’ property sector. Here’s what economists expect—Weak economic data out of China despite an expected rebound has prompt...

+ US debt ceiling battle rekindles debate over Ukraine funds—The battle to raise the $31.4 trillion U.S. debt ceiling rekindled deb...

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

+ China’s economy is in trouble: What does that mean for the U.S.?—As China struggles to emerge from the economic catastrophe caused by t...

+ ECB Preview: Don’t look back in anger—Macro developments since the May meeting have clearly had more to offe...

+ Euro economic misses may mask pandemic reboot—Even if some yearn for pre-pandemic familiarity after three years of g...

+ German industrial production remains weak in April—A disappointing rebound The German economy is still licking its wounds...

+ China to further open financial sector, regulator tells Citigroup CEO—Citigroup (NYSE:C)s Chief Executive Jane Fraser held a meeting with th...

+ Big global employers plan modest cuts to office space: Knight Frank—Half of large multinational companies plan to reduce office space as t...

+ High inflation and recession risk – the Bank of England’s dilemma—The Bank of England is trying to curb an inflation rate that is runnin...

+ Economist: fraught relations, but deepening economic ties—Despite diplomatic relations that are still fraught with difficulty, t...

+ Global sovereign debt roundtable to hold third meeting on June 9 -sources—The global sovereign debt roundtable will meet on Friday to focus on t...

+ Greece’s economy contracts 0.1% in first quarter vs Q4—Greeces economy shrank fractionally in the first quarter from the prev...

+ Euro economic misses may mask pandemic reboot—Even if some yearn for pre-pandemic familiarity after three years of g...

+ China’s exports tumble in May as global demand falters—Chinas exports shrank much faster than expected in May while imports e...

+ Russian budget deficit narrows to $42 billion after May surplus—Russia recorded a marginal budget surplus in May, enabling it to sligh...

+ For Musk and other foreign CEOs visiting China, silence is golden—A veritable parade of overseas CEOs including Tesla (NASDAQ:TSLA)s Elo...

+ Japan keeps growth focus but signals end to crisis-mode fiscal largesse—Japan is committed to putting the economy before fiscal reform, Prime ...

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As of 6/8/23 11:20am. Last new 6/8/23 9:50am.

+ 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 6/8/23 11:20am. Last new 6/8/23 5:08am.

+ 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...

+ SHI wins approval from KR for 40,000 m3 LCO2 carrier—A 40,000 m3 LCO2 carrier developed by South Koreas Samsung Heavy Indus...

+ Hanwha Ocean receives ABS’ AiP for onboard carbon capture system—South Korean shipbuilder Hanwha Ocean, formerly Daewoo Shipbuilding an...

+ DNV greenlights NoGAPS ammonia-fueled gas carrier design—Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, in collaborati...

+ ABS publishes requirements for hydrogen-fueled vessels—Classification society American Bureau of Shipping (ABS) has developed...

+ Proman to help Port of Klaipeda implement methanol bunkering—Methanol producer and supplier Proman has signed a memorandum of under...

+ DNV okays Kongsberg’s future fuels-ready 2,000 TEU boxship design—Classification society DNV has awarded an approval in principle to Nor...

+ MAN ES introduces new future-fuel methanol-ready auxiliary engine—Engine manufacturer MAN Energy Solutions in collaboration with STX Eng...

+ SHI secures DNV’s 1st D-INF(S) approval for data collection system—South Korean shipbuilder Samsung Heavy Industries (SHI) has become the...

+ Nor-Shipping 2023: Terntank wins next-generation ship award for its hybrid tanker—The winners of the Nor-Shipping 2023 awards have been announced, with ...

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As of 6/8/23 11:20am. Last new 6/8/23 5:08am.