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Fourth IMO Greenhouse Gas Study: Shipping emissions are projected to increase by up to 50% until 2050, relative to 2018

04/08/2020

The greenhouse gas emissions of shipping have increased from 977 million tonnes in 2012 to 1,076 million tonnes in 2018 (9.6% increase). The carbon intensity of shipping has improved by about 11% in this period, but the growth in activity

Bulugo offers $20m finance facility for bunker and lubricant buyers

04/08/2020

Bulugo has partnered with Whitehall Finance to provide a credit solution to bunker fuel and lubricant buyers.

Digital bunker fuel and lubricant platform Bulugo can now offer buyers external unsecured finance of up to US$20m under an exclusive agreement with Whitehall

KPI Bridge Oil and OceanConnect Marine complete merger

03/08/2020

KPI Bridge Oil and OceanConnect Marine today announced that the two companies have formally completed a merger to create a new brand and entity, KPI OceanConnect.

The merger, first announced in February 2020, now has full regulatory approval, and creates one

Guidelines for taking onboard samples to support HSFO carriage ban

03/08/2020

The IMO has developed guidelines for taking so-called “onboard” samples of fuel from ships, a move that will enable relevant authorities to take samples to check if ships are complying with the high sulphur fuel oil carriage ban that takes

Tankers: VLCC Rates Flat Through the Week

02/08/2020

VLCC
Rates from the Middle East Gulf have remained flat this week, with 280,000mt Middle East Gulf to USG via the Cape/Cape routing still being assessed at WS21-22 level and 270,000mt to China languishing at WS36.

In the Atlantic, 260,000mt West

A Closer Look at the Bakken/Three Forks Shale Play

02/08/2020

In addition to frequent press releases and morning comments, Rystad Energy is starting a new line of media publications, called ‘A CLOSER LOOK'. In this communication series we will offer a glimpse of our in-depth monthly regional reports, highlighting trends

Low Oil Price and Coronavirus Hit Sub-Saharan Africa Oil Producers

02/08/2020

The collapse in oil prices and the coronavirus shock is worsening the fiscal and external balances of sub-Saharan African oil producers, Fitch Ratings says. While we expect most countries to be able to close their financing gap with the support

Decarbonisation and peak gas demand

31/07/2020

Gas will be the most resilient of the fossil fuels through the transition, a relative winner because of its low carbon intensity on burning. That's the conventional wisdom as well as our Global Gas team's view. Yet with radical change

Rising refinery utilization in India provides glimmer of hope despite devastating impact of COVID-19, says GlobalData

31/07/2020

COVID-19 heavily impacted the key end-use segments such as transportation and manufacturing sectors among others, hitting the demand for fuel products in India. This forced the Indian refiners to re-align their operating models and supply chain cycles to ensure business

MABUX: VLFSO Quality Issues Arise as Demand in the Bunker Market Remains Sluggish

30/07/2020

Global bunker fuel prices have remained under pressure and were flat as demand is sluggish. The World Bunker Index MABUX showed insignificant irregular changes in the last 7 days. The 380 HSFO index rose slightly: from 303 to 304 USD/

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