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Home2025April

Month: April 2025

shadow fleet
Crude Oil News

Trump administration chases substandard flags in bid to thwart Iran’s shadow fleet

April 17, 2025 Stu Turley

ENB Pub Note: This is a tough project to tackle. The dark or shadow fleet has enabled Russia, Iran, Venezuela, and other countries to maintain their exports. The range of 476 to 1,400 dark fleet […]

Crude Oil News

Trump’s tariffs crash world trade forecasts

April 17, 2025 Stu Turley

ENB Pub Note: I still believe that right-sizing the trade balances is the correct approach. After all, they are being targeted as “reciprocal.” What would happen to the world’s economies if the United States were […]

Adnoc Drilling
Big Oil Companies

Adnoc Drilling lands $1.63bn contract

April 17, 2025 Mariel Alumit

UAE-based Adnoc Drilling has been awarded a $1.63bn contract from state-owned Abu Dhabi National Oil Company (ADNOC). The five-year deal will see the largest national drilling company in the Middle East by rig fleet size […]

Climate Crisis

Trump administration halts work on Equinor’s wind project off New York

April 17, 2025 Stu Turley

The secretary of the US Department of the Interior and chairman of the National Energy Dominance Council, Doug Burgum, has stopped all construction of Equinor’s Empire Wind 1 project off the coast of New York. […]

wind propulsion
International News

Why wind propulsion is an important piece in shipping’s compliance puzzle

April 17, 2025 Stu Turley

Suba Sivandran, director of strategy, M&A and advanced services at Bureau Veritas Marine & Offshore, gives readers an idea of the savings that are possible by installing wind tech on ships trading in Europe.  The […]

Alexandroupolis
International News

Gastrade to begin gradual restart of Alexandroupolis FSRU in May

April 16, 2025 Mariel Alumit

In January, Gatsrade suspended regasification services due to a technical issue. The Greek company first announced the unavailability of regasification services on January 23, and one day after that, it said that the “Alexandroupolis LNG […]

US Treasury Securities
Finance

Foreign Investors Massively Bought US Treasury Securities in February: China, Japan, Canada, Euro Area, UK, Financial Centers, Taiwan, India, even Brazil

April 16, 2025 Stu Turley

Biggest increase since June 2021. And they mostly bought long-term Treasury debt. No major holder dumped. By Wolf Richter for WOLF STREET. All foreign investor entities combined, from central banks to private investors, massively bought US Treasury securities, […]

Price
Finance

Drunken Sailors Back in Splurge Mode, Retail Sales Surge. Even at Restaurants & Bars not Part of Frontrunning Tariffs

April 16, 2025 Stu Turley

The recession is going to have to get back in line and wait. By Wolf Richter for WOLF STREET. Retail sales in March jumped majestically, and January and February were revised higher, and it wasn’t just motor vehicle […]

Geopolitical

Ecuador Sticks With Trump-Friendly President

April 16, 2025 Mariel Alumit

Incumbent Daniel Noboa won a campaign roiled by transnational gang violence and an energy crisis. ​ Report Ecuador Sticks With Trump-Friendly President Incumbent Daniel Noboa won a campaign roiled by transnational gang violence and an […]

Crude Oil News

EIA Says U.S. Oil Production Will Peak in 2027

April 16, 2025 Clark Savage

ENB Pub Note: While I do believe we may be at peak production in one basin, here is a new quote for you: “A country’s energy output is not defined by one basin.” There are […]

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