Trafigura has returned to China for more very large crude carrier newbuilds. Multiple brokers report the global commodities trader has signed up for three additional 319,000 dwt VLCCs at Jiangsu New Hantong Ship Heavy Industry. […]
Daily Standup Top Stories The Myth of the Inevitable Rise of a Petroyuan June 11, 2024 Stu Turley In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the […]
ENB Pub Note: An excellent article from Bloomberg. Although the first line says “The first Russian oil tanker attempting to deliver crude while under US sanctions”… this is not factual, as Russia has been increasing […]
In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in […]
The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the […]
Daily Standup Top Stories 5 things to know about the EU election results June 10, 2024 Mariel Alumit BRUSSELS — Europe’s conservatives are ecstatic. The European People’s Party (EPP) scored a clear victory in Sunday’s European […]
North America added nine rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on June 7. Although the U.S. dropped six rigs week on week, Canada added 15 during […]
Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday. Between January and […]
Dry CargoTankers This week’s broking reports show that prices continue to be firm despite a slowdown in sales. The Japanese-owned cape, Cape Keystone, a 2011 vessel delivered from Hyundai Heavy in Korea, has been sold […]
EuropeTankers Greenpeace Littoral states along the Baltic are upping their campaign to take action against Russia’s so-called dark fleet of ageing tankers transiting the region. Finland has called for the European Union to buy a […]
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