Reuters Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the start of 2020.” This is very critical for world wide use in shipping vessels, and is supplied by the Permian.
Höegh LNG Partners LP’s (NYSE: HMLP) fourth quarter 2019 results will be released on Thursday, February 27, 2020, before the market opens
Duke Energy reports fourth-quarter and year-end 2019 financial results
EIA In the February 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, 1.0 million b/d more than the 2019 average. This latest estimate of 2020 global liquid fuels demand is 378,000 b/d less than was forecast in the January 2020
Brookfield Infrastructure Reports 2019 Year-End Results
EIA Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018 because of a combination of geopolitical events and changes to maritime fuel specifications. The U.S. Energy Information Administration (EIA) estimates that an average of 100.8 million barrels per day (b/d) of liquid fuels were consumed globally in 2019. Approximately 42%
Reuters WASHINGTON – The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks with Washington. President Donald Trump’s administration on Sept. 25 blacklisted two units of COSCO, named
Cheniere to Ring New York Stock Exchange Opening Bell in Celebration of 1,000th LNG Cargo Milestone
MarineLink New York-headquartered product tanker company International Seaways has closed on senior secured credit facilities worth a total of USD 390 million. The crude oil and petroleum product tanker company said that the facilities consists of a 5-year USD 300 million senior secured term loan facility, a 5-year USD 40 million revolving credit facility, of which USD 20 million has
Inside Climate News Oceangoing ships powered by liquified natural gas are worse for the climate than those powered by conventional fuel oil, a new report suggests. The findings call into further question the climate benefits of natural gas, a fuel the gas industry has promoted as a “bridge” to cleaner, renewable sources of energy but is undermined by emissions of
[contact-form][contact-field label=”Name” type=”name” required=”true” /][contact-field label=”Email” type=”email” required=”true” /][contact-field label=”Website” type=”url” /][contact-field label=”Message” type=”textarea” /][/contact-form] Euronav announces fourth quarter 2019 results
Houston Chronicle One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for. That’s the conclusion of a nonprofit that analyzed the emissions from different types of vessels that use the fuel. Some types of LNG-powered ships leak so much
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