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IBIA supports continued efforts to protect MFM integrity and expanding application to terminal loadings

16/08/2017

The International Bunker Industry Association (IBIA) believes the benefits achieved from adopting mandatory use of Mass Flow Meters (MFMs) for marine fuel oil deliveries in Singapore must be protected by effective enforcement, and that using approved MFMs to measure quantity

Black Sea region countries ratings H1 2017

16/08/2017

Black Sea container terminals of Ukraine, Romania, Russia, and Bulgaria handled 1 317 490 TEU in H1 2017, including empty containers, excluding transshipment.

This review observes only full containers of the region – 992 409 TEU. Total growth achieved by these five

Two more BP projects begin production

15/08/2017

BP today confirmed the start of production from another two of the seven Upstream major projects that it expects to come online in 2017. Five of these seven projects have now started up.

Juniper in Trinidad and Persephone in Australia follow

Five Year Oil Outlook Sees Tenuous Balance

15/08/2017

In its recent Five-Year Outlook, ESAI Energy points out that the call on OPEC crude will remain under tremendous pressure over the next five years. The outlook projects non-OPEC supply of crude oil and condensate to add about 2.3 million

The Strait of Malacca, a key oil trade chokepoint, links the Indian and Pacific Oceans

14/08/2017

Nearly one-third of the 61% of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz. Petroleum and

FIS Technical – Brent October

14/08/2017

Resistance – 52.74, 52.92, 54.67

Brent October Futures

Support- 51.81, 51.78, 50.19

Stochastic Daily 88.

Stochastic weekly 65. Trend – Bullish
Brent futures continue in a bull trend making higher highs and higher lows. We have now entered into a

Ecochlor BWTS Receives USCG Type Approval

12/08/2017

USCG Type Approval of Ecochlor's unique, patented treatment technology now offers an alternative to UV and Electrochlorination. No treatment on discharge or neutralization is required with the Ecochlor® BWTS!
Ecochlor is pleased to announce that its patented BWTS has received

OMR: All in it together?

12/08/2017

Highlights (11 August 2017)

  • New data for non-OECD countries for 2015 reduces global oil demand by an average 330 kb/d in 2015-2018. For 2017, growth has been revised up to 1.5 mb/d, with demand reaching 97.6 mb/d. In 2018, growth slows slightly to 1.4 mb/d when demand

Total U.S. energy expenditures in 2015 were the lowest in more than a decade

11/08/2017

Expenditures for delivered energy in the United States in 2015 totaled $1.127 trillion, a 20% decrease in real terms from 2014, according to recently released data from EIA's State Energy Data System. Adjusted for inflation, total energy expenditures in 2015 were

Downstream maintenance expenditure returns to growth

11/08/2017

As highlighted in the most recent edition of Westwood's World Downstream Maintenance Market Forecast, significant price pressure during the oil price downturn has heavily impacted the downstream maintenance market. Global downstream maintenance spend bottomed out in 2016, after falling 26% compared

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