12/05/2020 Saudi Aramco profit falls 25% but dividend in line with planned payout for year Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst | 12/05/2020 Bunkers: We Are Off Recent Price Lows, But That Doesn’t Mean We Are In A Continually Rising Market Just over a month ago we put out a note on the collapse in oil prices and the pressures |
12/05/2020 Owners look to lay-up as they navigate COVID-19 trade declines For the first time in a decade, large numbers of ships are heading for lay-up as the COVID-19 pandemic | 12/05/2020 Norway cuts oil price assumption to NOK 331 per barrel in revised budget The Norwegian government has cut its oil price assumption for 2020 to 331 Norwegian crowns ($32.17) per barrel from 476 |
12/05/2020 Norway’s oil income plunges with weak crude prices, tax relief The Norwegian government has sharply cut its crude oil price forecast and the expected cash flow it will receive from | 12/05/2020 Trafigura merging China oil operations in new Shanghai trading desk – sources Swiss commodities merchant Trafigura plans to merge its three-year-old crude oil marketing office in Qingdao, in east China’s Shandong province, |
12/05/2020 Russia’s top oil province braces for 15% output cut Output from Russia’s top oil region in western Siberia is expected to fall by 15% this year in line with | 12/05/2020 Russia’s Rosneft cuts investment by 21% over weak oil prices, output deal Igor Sechin, the head of Russia’s energy giant Rosneft, told President Vladimir Putin on Tuesday the company would cut investment |
12/05/2020 Sailing into a Sustainable Future – New Report Shows Rising Awareness of the Climate Crisis Increases Demand for Emissio Emission-free shipping company EcoClipper have published a report which gives an overview of the growing markets in environmentally sustainable shipping | 12/05/2020 Panama Canal Secures Steady Draft, Operational Reliability Following Water Measures Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in |
12/05/2020 BP says oil production at Azeri projects drops to 524,000 bpd in Q1 BP said on Tuesday that oil output at its projects in Azerbaijan declined to 524,000 barrels per day (bpd) in | 12/05/2020 GasLog Ltd. Announces Delivery of the GasLog Wales and Commencement of 12-Year Charter with JERA GasLog Ltd. yesterday took delivery of the GasLog Wales, a 180,000 cubic meter cargo capacity LNG carrier with dual fuel |
12/05/2020 Shanghai energy exchange adds to Sinopec crude oil warehouse capacity China’s Shanghai International Energy Exchange (INE) said on Tuesday it will add 100,000 cubic metres of storage capacity at the | 12/05/2020 Goldman Sachs warns jet fuel demand may never fully recover from the crisis The coronavirus outbreak will have a lasting impact on the behavior of businesses across the globe, with jet fuel demand |