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Saturday, 17 August 2019 | 02:11
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OPEC: Oil Market Highlights

17/08/2019

Crude Oil Price Movements
The OPEC Reference Basket (ORB) averaged higher in July, up by $1.79, or 2.8%, m-o-m reaching $64.71/b, supported by a pick-up in Asian crude demand. Crude oil futures prices also rose from their low levels registered

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Does Germany need LNG?

17/08/2019

As Europe's largest gas market, Germany seems an obvious candidate to take advantage of the growing global appetite for LNG. However, the country remains an outlier, lacking direct access to the LNG market.

Momentum around proposals to develop a German LNG

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17/08/2019
A first in liner shipping: Hapag-Lloyd to convert ship to LNG
The invention of the steamship at the end of the 18th century revolutionised the entire shipping industry, and there are
17/08/2019
Chief Minister’s Statement on the release of The Grace 1 – 595/2019
On the 3rd July I specified the very large crude carrier, the Grace 1, under the Sanctions Regulations. The designation of
17/08/2019
APM Terminals Poti to implement uninterrupted 24/7 operations
APM Terminals Poti has commenced the implementation of uninterrupted 24/7 operations to maximise berth utilisation, increase efficiency and speed up
17/08/2019
New Container Port Favoured For Perth
A shortlist of five port and supply chain options to manage Perth’s long-term freight requirements has been released with all
17/08/2019
China’s Shenzhen Gas to launch new LNG terminal with cargo from ENI
Chinese city-gas distributor Shenzhen Gas will launch next week in southern China its first fully-owned terminal to import liquefied natural
17/08/2019
Caspian oil pipeline to expand capacity by a quarter by end-2023
The Caspian pipeline, which transports oil from Kazakhstan to Russia, will boost capacity by around a quarter to 83 million
17/08/2019
SDRL – Joint Venture with Gulf Drilling International
“Seadrill Limited (“Seadrill” or the “Company) refers to the announcements made on May 1, 2019 in connection with the award
17/08/2019
SINOPEC Engineering : Launches Sustainability Report in Saudi Arabia
China Petroleum & Chemical Corporation (SINOPEC Corp. or SINOPEC) officially launched its SINOPEC in Saudi Arabia: Sustainability Report on Serving
17/08/2019
Exclusive: China-owned oil tanker changes name in apparent effort to evade U.S. sanctions
While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier (VLCC) Pacific Bravo went
17/08/2019
Port Report: July imports flat at the Los Angeles-Long Beach gateway
The biggest U.S. maritime entry for containerized goods saw import volumes stay flat in July, reflecting the uncertainty facing the
17/08/2019
Infrastructure Investment Ongoing In Black Sea
Investment in infrastructure continues, or is planned, throughout the Black Sea region, driven by a combination of demand but also
17/08/2019
Rotterdam Polymer Hub construction starts
The foundation works have already started, and the construction of the Rotterdam Polymer Hub logistics centre will start soon. ‘We
17/08/2019
U.S. Crude-Oil Inventories Rise as Refinery Activity Slows
U.S. inventories of crude oil unexpectedly increased last week as refinery activity slowed down, according to data released Wednesday by
17/08/2019
Numaligarh Refinery to foray into crude exploration in Assam
North East India’s largest refiner Numaligarh Refinery Ltd on Thursday said it has firmed up plans to diversify into exploration
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