- + Shipping News - Oil Energy: Discount on Western Canada Select heavy crude widens—The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened slightly on Monday: ...
- + Shipping News - Oil Energy: TotalEnergies Energy Outlook 2024—To contribute to the public debate on the energy transition, TotalEnergies is publishing the 6th edition of its TotalEnergies Energy Outlook, which pr...
- + Shipping News - Oil Energy: Oil prices edge up on weak dollar ahead of US election results—Oil prices edged up about 1% to a one-week high on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after ri...
- + Shipping News - Oil Energy: OPEC October Oil Output Rises By 190,000 Bpd From Sept To 26.33 Million Bpd—OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, althou...
- + Shipping News - Oil Energy: Gunvor boss sees little oil demand growth—The chairman and co-founder of Gunvor, one of the worlds largest oil traders, said on Tuesday there is little growth in oil demand and the industry is...
- + Shipping News - Oil Energy: US ELECTIONS: Geopolitical risks, key policy concerns top of mind for oil major executives—Geopolitical risks are top of mind for oil companies CEOs concerned about global energy security as two wars in the Middle East and a standoff between...
- + Shipping News - Oil Energy: Middle East Crude-Benchmark premiums rise—Middle East crude benchmark premiums for Oman, Dubai and Murban ticked up on Tuesday. Oil prices traded in a narrow range on Tuesday ahead of what is ...
- + Shipping News - Oil Energy: Trade of the week: short WTI crude oil—WTI front month crude oil futures are nearing key technical resistance we would like to go short in with a stop loss at 72.50 and a downside target in...
- + Shipping News - Oil Energy: Short-term investment bias adds to Africa’s oil financing woes—Increasingly polarized oil demand forecasts have added to Africas upstream investment challenges by reducing investor tolerance for long-term projects...
- + Shipping News - Oil Energy: Saudi Aramco reports 15% drop in Q3 profit but maintains dividend—Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained ...
- + Shipping News - Oil Energy: Russian oil and gas revenue jumps 57% m/m in October—Proceeds from oil and gas sales for Russias federal budget in October jumped about 57% from September to 1.21 trillion roubles ($12.35 billion), finan...
- + Shipping News - Oil Energy: Oil buyers, producers dialogue needed for market stability, says India min—Indias oil minister Hardeep Singh Puri called on Monday for discussions between oil producers and consumers to stabilise prices. Oil prices rose more ...
- + Shipping News - Oil Energy: Oil trades in tight range ahead of US election result—Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after rising more th...
- + Shipping News - Oil Energy: Saudi Arabia cuts light oil price to Asia, US—Top world oil exporter Saudi Arabia has cut the official selling price of Arab Light crude in March to customers in Asia and the United States, state ...
- + Shipping News - Oil Energy: Oil market ’adequately supplied’: UAE oil minister—United Arab Emirates Oil Minister Mohammed Al Hamli said the oil market was ”adequately supplied”, the latest official to signal that OPEC is likely t...
- + Shipping News - Oil Energy: OPEC positive on global oil demand, sees no peak on horizon—The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham...
- + Shipping News - Oil Energy: OPEC+’s again delayed output hike shows soft demand reality—Geopolitical uncertainty will probably garner the lions share of the blame for OPEC+s decision to once again delay raising crude oil output, but weak ...
- + Shipping News - Oil Energy: US election looms as OPEC+ bids to shore up oil market—OPEC+ output policy tends to consider myriad factors, including Chinese demand, non-member crude production, quota busting and volatility but the US ...
- + Shipping News - Oil Energy: OPEC oil output rises in October as Libyan supply rebounds, survey finds—OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, althou...
- + Shipping News - Oil Energy: Middle East Crude-Dubai, Oman slide further despite OPEC+ decision to delay supply hike—Middle East crude benchmark premiums for Dubai and Oman fell further on Monday, despite a decision by theOPEC+ to delay by a month its plans to increa...
- + Shipping News - Ship Building: Jordan gets six participants in 120,000 T wheat tender, traders say—Six trading companies are believed to be taking part so far in the international tender on Tuesday from Jordan’s state grains buyer to purchase 120,00...
- + Shipping News - Ship Building: Bangladesh’s RPGCL seeks 3 LNG cargoes for Dec delivery, document shows—Bangladeshs Rupantarita Prakritik Gas Co Ltd (RPGCL) is seeking three liquefied natural gas (LNG) cargoes for delivery in December, a document showed....
- + Shipping News - Ship Building: TURKEY DATA: Sep petcoke imports rise 11% on month amid slight increase in demand: TUIK—Petcoke deliveries to Turkey totaled 322,558 mt in September, up 11.3% from August and 10% down year on year, according to data from the Turkish Stati...
- + Shipping News - Ship Building: Egypt’s GASC buys 290,000 tonnes of wheat in tender, traders say—Egypts state grains buyer, the General Authority for Supply Commodities (GASC), is believed to have bought 290,000 metric tons of wheat in an internat...
- + Shipping News - Ship Building: Asia’s growing affinity for US crude seen intact despite White House race outcome—Asian oil buyers are set to witness significantly more opportunities to import attractively priced crude from the US despite the presidential election...
- + Shipping News - Ship Building: Ukraine’s October seaborne grain and oilseed exports jump y/y, traders say—Ukraines overall grain and oilseed exports by sea and river totalled 5.28 million metric tons in October, significantly higher than the 3.13 million t...
- + Shipping News - Ship Building: Trading firms to deliver 5 mln bbls of MidEast crude to China exchange, sources say—Trading firms will deliver about 5 million barrels of Middle East crude oil to the Shanghai International Energy Exchange (INE) this month, an unusual...
- + Shipping News - Ship Building: US DOJ asks appeals court to set aside order lifting pause on LNG export permits—The Biden administration has asked a federal appeals court to set aside an order for the US Department of Energy to lift its pause on issuing LNG expo...
- + Shipping News - Ship Building: India HPCL plans to buy 43% more Iraqi oil in 2025, company source says—Indias state-run Hindustan Petroleum Corp Ltd HPCL.NS is looking at raising its annual crude import deal with Iraq to 100,000 barrels per day (bpd) in...
- + Shipping News - Ship Building: QatarEnergy offers some 2025 term gas-to-liquid diesel cargoes for sale, sources say—QatarEnergy has kickstarted some term negotiations for gas-to-liquid diesel cargoes loading next year via a sales tender, two trade sources who receiv...
- + Shipping News - Ship Building: U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023—U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million metric tons (MMmt) in 2023, up 135% since the United S...
- + Shipping News - Ship Building: Oman’s oil exports hit 230.6m barrels by September: official data—Oman’s oil exports totaled approximately 230.6 million barrels by the end of September, averaging $82.60 per barrel and accounting for 84.6 percent of...
- + Shipping News - Ship Building: China: TotalEnergies will supply 2 million tons of LNG per year to Sinopec for 15 years—As part of its strategy to grow its Liquefied Natural Gas (LNG) business, TotalEnergies announces today the signing of a sales agreement (HoA) with Si...
- + Shipping News - Ship Building: Russia’s October seaborne diesel exports hit 13-mth low, LSEG data shows—Russias October seaborne diesel and gasoil exports fell to their lowest level since September 2023 at 2.6 million metric tons hit by seasonal and unpl...
- + Shipping News - Ship Building: India: Crude imports fall amid refinery shutdowns and West Asia tension—India’s crude oil imports in October declined to a 13-month low amid maintenance-related shutdowns at some refineries and the geopolitical crisis in W...
- + Shipping News - Ship Building: Share of natural gas production in U.S. tight oil plays increased over the last decade—Natural gas produced from the three largest tight oil-producing plays in the United States has increased in the last decade. Natural gas comprised 40%...
- + Shipping News - Ship Building: Indian rice lowest offer in Bangladesh tender for 50,000 T—The lowest price offered in the tender from Bangladeshs state grains buyer to buy 50,000 metric tons of rice that closed on Monday was assessed at $47...
- + Shipping News - Ship Building: Ukraine’s exports jump in October thanks to large crop shipments—Ukraines exports of goods in October rose by a third compared to September thanks to large agricultural shipments, its economy ministry said on Monday...
- + Shipping News - Ship Building: Russia’s tacit grain export curbs cause market confusion—Russias measures to curb grain exports are causing confusion in international markets as the absence of clear government instructions creates loophole...
- + Shipping News - Ship Building: Trump win could spur China to boost US agricultural imports—A Donald Trump victory in the upcoming presidential election could lead China to seek improved relations with the US by potentially boosting agricultu...
- + Shipping news - World Economy: UK consumer spending slowed before last week’s budget, retailers say—British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves Oct. 30 budget and rising energ...
- + Shipping news - World Economy: India’s slowdown is touching the untouchable—Indias biggest companies no longer offer a rose-tinted window onto the worlds fifth-largesteconomy. Shoppers have been tightening their purse strings ...
- + Shipping news - World Economy: Imports boost US trade deficit to nearly 2-1/2-year high in September—The U.S. trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipatio...
- + Shipping news - World Economy: Competitiveness of the European economy – statement of the Eurogroup in inclusive format—Yesterday the Eurogroup in inclusive format adopted a statement on the competitiveness of the European economy. Significant shifts in the geopolitical...
- + Shipping news - World Economy: BOJ to raise rates again most likely in January, says ex-policymaker—The Bank of Japan is likely to raise interest rates in coming months with January emerging as the most likely timing, when there will be more clarity ...
- + Shipping news - World Economy: UK services sector lost steam in lead up to the budget, PMI shows—Britains services sector lost momentum in the run-up to the new governments first budget in October, with business activity growing at the weakest rat...
- + Shipping news - World Economy: Trump’s tariff plan could cost Americans $78 billion in annual spending, NRF study shows—U.S. shoppers could lose up to $78 billion in annual spending power annually if presidential candidate Donald Trumps new tariffs proposal on imports a...
- + Shipping news - World Economy: Bank of England: Five things to watch this week—How has the Bank of England reacted to last week’s budget? Last week’s budget, the first under Labour Chancellor Rachel Reeves, promised big tax hikes...
- + Shipping news - World Economy: China must open up further to combat rising unilateralism, premier says—China will upgrade its free trade zones and explore investment agreements with other countries, Chinese Premier Li Qiang said on Tuesday, adding that ...
- + Shipping news - World Economy: US counties Wall Street will be watching closely on election night—With Republican Donald Trump and Democrat Kamala Harris locked in a dead heat in the race for the White House, political forecasters will be eyeing a ...
- + Shipping news - World Economy: How much could Trump’s tariffs damage Europe’s economy?—A Trump victory may harm Europes economy as proposed 10% US tariffs risk hitting European exports like autos and chemicals, eroding Europe’s GDP by up...
- + Shipping news - World Economy: For dealmakers, regulatory chaos would undercut Trump’s pro-business tilt—With any other president, promises of less regulation and lower corporate taxes would have Wall Streets deal machine salivating at the prospect of a f...
- + Shipping news - World Economy: Euro zone manufacturing slump shows signs of stabilising in October, PMIs show—Euro zone manufacturing showed some signs of stabilisation in October as while activity contracted for a 28th month it did so at a shallower pace, acc...
- + Shipping news - World Economy: Trump’s tariffs would reorder trade flows, raise costs, draw retaliation—Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesdays presidential election and makes good on a vow ...
- + Shipping news - World Economy: China’s expanding imports boost global economic growth momentum: report—The China Import Development Report 2024, released on Sunday, highlights the significant contribution of Chinas imports to economic growth internation...
- + Shipping news - World Economy: German M&A flurry is powered by lasting tailwinds—The titans of German industry are shedding their old clothes in favour of new ones. Whether that helps the country’s ailing economy is up for debate. ...
- + Shipping news - World Economy: Germany’s Scholz summons top two ministers over rival plans to fix economy—German Chancellor Olaf Scholz will hold meetings with his top two ministers to seek common ground after they put forward contradictory plans to fix th...
- + Shipping news - World Economy: India central bank well-equipped for post-US election volatility, sources say—Indias central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate ...
- + Shipping news - World Economy: How Germany’s coalition works and could it fall apart?—The parties in Germanys ruling coalition are under pressure to assert themselves after regional election defeats, dismal polling numbers and questions...
- + Shipping news - World Economy: German factory sector catches breath in October after tough September, shows PMI—The downturn in Germanys manufacturing sector eased somewhat in October as output, new orders and employment all slowed their rates of decline after t...
- + Shipping News Marine Insurance: Gard offers discount to Mutual Members once again—This was announced by Gard’s Board of Directors meeting last week. Gard CEO Rolf Thore Roppestad said: “With this, we continue our streak of returning...
- + Shipping News Marine Insurance: IMO updates fuel oil sampling guidelines—Safety of ships relating to the use of fuel oil The minimum 60 degrees Celsius (°C) flashpoint limit in SOLAS Regulation II-2/4.2.1.1 is not new, but ...
- + Shipping News Marine Insurance: FuelEU: The impact on vessel sale and purchase contracts—So far, most of the discussion on FuelEU has centred on a vessel’s fuel requirements and how shipowners can reduce their greenhouse gas (GHG) intensit...