An independent study has reconfirmed that greenhouse gas (GHG) reductions of up to 23% are achievable now from using LNG as a marine fuel, depending on the marine technology employed. This is compared with the emissions of current oil-based marine
If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry.
Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand
MABUX World Bunker Index decreased during the week. The 380 HSFO index has decreased from 407.92 USD/MT to 420.77 USD/ MT (+12.85 USD), VLSFO has added 15.16 USD: from 497.76 USD/MT up to 512.92 USD/MT. MGO LS increased by 12.34
Fuel oil inventories are growing on the US Gulf Coast as refiners have
Earlier this week, a 400 meter-long container ship halted transit in both directions on one of the world’s major seaborne trade chokepoints after running aground across a single-lane stretch of the canal. Getting the vessel out of the way may
The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining
Singapore’s total fuel oil stocks grew by another 2% last week, reaching a four-month high of
Crude Oil Price Movements Spot crude prices rose for the fifth-consecutive month in March on the back of continuing supportive oil market fundamentals. The OPEC Reference Basket (ORB) increased $3.51 or 5.7% m-o-m to average $64.56/b, the highest on monthly
An alliance of Greek and Swedish shipowners, along with Transport & Environment (T&E), has called on the European Commission to put the ‘polluter pays principle’ at the core of its emissions trading system (ETS) proposal. In a letter to the
Indian Register of Shipping (IRClass) has undertaken successful sea trials for two vessels towards use of biofuels in concurrence with the Indian flag administration. The two vessels – Ambuja Mukund and Ambuja Vaibhav, are owned by Ambuja Cements Ltd., which