Crooked Bough News Round-up

+ How electric vehicles are accelerating the end of the oil age—There is plenty of hand-wringing on display at the COP28 climate confe...

+ DME’s Nov crude oil deliveries hit highest in over 5 years—The Dubai Mercantile Exchange (DME) recorded in November the highest p...

+ Oil drops on demand worries after US gasoline inventories swell—Oil prices fell by 2.5% on Wednesday, as a bigger-than-expected rise i...

+ OPEC November oil output drops, first fall since July, survey finds—OPEC oil output fell in November in the first monthly drop since July,...

+ Putin’s Middle East trip aims to boost flagging OPEC+ credibility, Russian power-broking—Russian President Vladimir Putin is heading to the Middle East on Dec....

+ CNOOC, Vitol among those shortlisted for Shell Singapore assets, sources say—Shell has shortlisted at least four companies including state-run Chin...

+ Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’—The chief executive of UAE-based energy firm Crescent Petroleum on Tue...

+ Exxon Mobil forecasts increases in project spending, output—Exxon Mobil will target annual project spending of between $22 billion...

+ Putin, flanked by Russian fighters, jets into Middle East to meet Saudi’s MbS—President Vladimir Putin was escorted to the Middle East by four Russi...

+ World’s major oil producers spurn fossil fuel phase-out in net zero push – research—None of the worlds major oil and gas-producing countries have plans to...

+ How to advance oil and gas operations through private 5G—The oil and gas industry is evolving rapidly, urged on by a number of ...

+ Libya’s NOC set for 2 mln bpd oil output in 3-5 yrs, says chairman—Libyas National Oil Corporation (NOC) is on track to reach oil output ...

+ COP28: Saudi Aramco CEO says fossil fuel investment more viable than renewables to meet demand—Saudi Aramcos CEO Amin Nasser on Dec. 4 called for more investment in ...

+ Russian oil and gas budget revenues decline in November to $10.5 bln—Russias oil and gas revenues declined in November to 961.7 billion rou...

+ Global CO2 emissions from fossil fuels to hit record high in 2023 -report—Global carbon dioxide emissions from burning fossil fuels are set to h...

+ Oil steady as markets weigh OPEC+ cuts against China demand concerns—Oil prices were steady on Wednesday, as investors weighed the effectiv...

+ Saudi Arabia cuts Jan Arab Light crude price to Asia – sources—Top oil exporter Saudi Arabia on Tuesday lowered the price of its flag...

+ OPEC+ policy key for oil outlook—Tighter oil market in the second half of next year Going into 2024, th...

+ U.S. crude oil inventories up last week: API—The American Petroleum Institute (API) on Tuesday reported an increase...

+ Kremlin says OPEC+ cuts will kick in later, confirms Putin to visit Gulf—Oil production cuts agreed by the OPEC+ group will take time to kick i...

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As of 12/6/23 7:32pm. Last new 12/6/23 1:04pm.

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As of 12/6/23 7:32pm. Last new 11/29/23 7:25am.

+ India’s long-term appetite for Russian crude intact despite recent slowdown—Indias insatiable appetite for Russian crude has suddenly slowed due t...

+ Taiwan’s CPC Corp issues first spot gasoil sale tender in 5 months—Taiwans CPC Corp has offered a spot gasoil cargo for loading in Januar...

+ Ukraine grain exports down at 13.7 mln T so far in 2023/24 – ministry—Ukraines grain exports have fallen to around 13.7 million metric tons ...

+ Algeria bought about 450,000 T to 500,000 T durum wheat in tender—Algeria’s state grains agency OAIC is believed to have purchased aroun...

+ South Korea’s NOFI buys 55,000 T to 68,000 T metric tons corn in tender—Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) bough...

+ Philippines’ First Gen seeks LNG cargo for Jan-Feb 2024 delivery—Philippine power producer First Gen Corp FGEN.PS has issued a tender s...

+ South Korea’s MFG buys 50,000 metric tons soymeal -traders—South Korea’s Major Feedmill Group (MFG) purchased an estimated 50,000...

+ European LNG delivered imports for Dec start strong at 1.39 mil mt—Delivered imports of LNG to Europe for December to date have kicked of...

+ Oman’s oil exports drop 5% in 2023 as production declines—Oman’s oil exports saw a nearly five per cent year-on-year decline in ...

+ Taiwan’s FPCC starts January 2024 spot gasoil sale discussions – sources—Taiwans Formosa Petrochemical Corp (FPCC) 6505.TW has kick-started spo...

+ Norwegian gas supplies to Europe, UK surge to 10-month high in November—Norways pipeline gas exports to Continental Europe and the UK rose to ...

+ Uncertain global economic recovery looms over copper—China’s recovery is still uncertain China was anticipated to be a brig...

+ Black Sea’s CPC Blend oil export fell 30% behind plan in November—Oil exports via Black Seas Caspian Pipeline Consortium (CPC) fell to 4...

+ China makes largest U.S. wheat purchase in years—China booked its largest purchase of U.S. wheat since at least 2020, b...

+ South Korea’s KFA tenders to buy up to 68,000 metric tons corn—The Korea Feed Association (KFA) has issued an international tender to...

+ Bangladesh issues new tender to buy 50,000 T wheat—Bangladeshs state grains buyer has issued another international tender...

+ Japan seeks 132,504 metric tons of food wheat via tender—Japans Ministry of Agriculture, Forestry and Fisheries (MAFF) is looki...

+ Lowest FOB offer at Egypt wheat tender at $250/T -traders—The lowest free-on-board offer presented at an Egyptian state purchasi...

+ Russia’s 2023 LNG exports to Asia via Northern Sea Route unchanged from last year – Kommersant—Exports of Russian liquefied natural gas (LNG) along the eastern secto...

+ Ukraine grain exports down at 13.4 mln T so far in 2023/24 – ministry—Ukraines grain exports have fallen to around 13.4 million metric tons ...

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As of 12/6/23 7:32pm. Last new 12/6/23 4:24pm.

+ Greek villagers vote to relocate after deadly climate-driven flood—Residents of the small Greek farming village of Metamorfosi have voted...

+ German industrial orders fall unexpectedly in October—German industrial orders fell unexpectedly in October, declining by 3....

+ UK coping with higher rates for now but risks lie ahead – BoE—British businesses and households are coping with the climb in interes...

+ Japan manufacturers’ mood jumps, second straight month of gains – Reuters Tankan—Sentiment at big Japanese manufacturers surged, improving for a second...

+ Australia’s economy slows to a crawl, consumer spending surprisingly weak—Australias economy barely grew in the third quarter as exports flagged...

+ World Trade Organization: Hong Kong, China’s Trade Policy Review, December 2023: UK Statement—Chair, let me join others in welcoming the delegation from Hong Kong, ...

+ Are the solutions to fight climate change making progress?—Its not all doom and gloom at the COP28 climate summit. The Earths cli...

+ China’s Wang stresses promoting stable, healthy Sino-US relations with Blinken—Chinas Foreign Minister Wang Yi said on Wednesday that promoting healt...

+ China’s economy has bright prospects for further growth: NDRC official—Chinese economy remains on the trajectory of an upswing recovery, afte...

+ Latin American investment needs to outstrip economic growth in coming years -BlackRock—Latin Americas social and investment needs will outstrip its annual ec...

+ Higher Rates, Oil Prices Stay Supportive for Middle East Banks—Higher interest rates and oil prices will support overall solid econom...

+ ‘Messi of finance’: Argentina economy chief faces World Cup of crises—Luis Caputo was once nicknamed the Messi of finance for reopening Arge...

+ How China’s “sock city” is growing its ice and snow economy—When you think of cities known for ice and snow in China, Liaoyuan in ...

+ US third-quarter productivity revised higher; labor costs much weaker—U.S. worker productivity grew faster than initially thought in the thi...

+ China’s exports slump seen slowing as pockets of demand emerge- Reuters poll—Declines in Chinas exports likely slowed in November, a Reuters poll s...

+ Fed to hold rates until at least July; first cut not start of stimulus wave—The U.S. Federal Reserve will hold interest rates until at least July,...

+ Chinese brokerages see the country’s economy growing at 5% in 2024—A number of Chinese brokerages have released their economic outlooks f...

+ UK construction sector contracts sharply in November-PMI—Britains construction sector activity fell sharply for a third month i...

+ India swap market signals cenbank will differ from Fed’s rate-cut path—Indias overnight index swap market is signalling that the countrys cen...

+ US trade deficit widens in October on weak exports—The U.S. trade deficit widened more than expected in October as export...

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As of 12/6/23 7:32pm. Last new 12/6/23 4:24pm.

+ OECD headline inflation falls to 5.6% in October 2023—Year-on-year inflation in the OECD, as measured by the Consumer Price ...

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As of 12/6/23 7:32pm. Last new 12/6/23 8:56am.

+ CSBC’s methanol-fueled 2,500 TEU feeder design wins LR nod—The UK-based classification society Lloyd’s Register (LR) has awarded ...

+ Cory Group joins forces with Harbour Energy, bp, and ABP in CO2 transport and storage pact—Harbour Energy, bp, and Associated British Ports (ABP) have entered in...

+ Equipment vendors selected for world’s first hydrogen-hybrid research vessel—Naval architecture and marine engineering company Glosten and technolo...

+ Tsuneishi orders MAN’s methanol engines for J. Lauritzen newbuildings—Japan’s Tsuneishi Shipbuilding Co. has ordered three ME-LGIM main engi...

+ MariApps to boost digitalization of KOTC vessels—Singapore-based digital technology company MariApps Marine Solutions h...

+ ClassNK awards AiPs for SDARI’s vehicle carriers powered by green fuels—Classification society ClassNK has issued Approvals in Principle (AiPs...

+ Pakistan 23rd country to join IMO’s ship recycling convention—Pakistan has ratified the International Maritime Organization’s (IMO) ...

+ NYK pens ammonia transport deal with Mitsui & Co.—Japanese shipping company NYK has entered into a time charter contract...

+ NYK pens ammonia transport deal with  Mitsui & Co.—Japanese shipping company NYK has entered into a time charter contract...

+ Producers vow to deliver 11 million tons of hydrogen-derived marine fuel by 2030—Green hydrogen producers have agreed to produce 11 million tons of the...

+ Maersk to ship goods on green fuels for Nestlé—Nestlé, the world's largest food and beverage company, has decided to ...

+ AET gets shipping’s first sustainability-linked Islamic RCF in South Asia—Maybank Singapore has extended a $100 million sustainability-linked Is...

+ Pacific Basin closes sustainability-linked loan—Pacific Basin Shipping Limited, a Hong Kong-listed player in dry bulk ...

+ World’s largest green car carrier design receives DNV’s blessing—Classification society DNV has awarded Approval in Principle (AiP) to...

+ Jiangnan Shipyard unveils design for the ‘world’s largest’ nuclear-powered containership—Chinas Jiangnan Shipyard unveiled what has been described as the world...

+ Maersk invests in Blue World, orders methanol fuel cell pilot system—Maersk Growth, the venture arm of A.P. Moller – Maersk, invested 11 mi...

+ Seaspan ventures into PCTC sector with Hyundai Glovis-backed deal for up to 10 ammonia-ready newbuilds—Hong Kong-based containership owner Seaspan Corporation is entering a ...

+ MOL, Bapco Energies eye development of cross-border CO2 transport and sequestration—Japanese shipping company Mitsui O.S.K. Lines and Bapco Energies have ...

+ ERMA FIRST onboard carbon capture system wins DNV AiP—ERMA FIRST has received approval in principle (AiP) from Norwegian cla...

+ KPI OceanConnect performs LNG bunkering op for SFL’s new car carrier—Marine energy solutions provider KPI OceanConnect, in cooperation with...

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As of 12/6/23 7:32pm. Last new 12/6/23 8:13am.