Conidia Bioscience has launched FUELSTAT® One, a new test kit to join the FUELSTAT® range designed to rapidly detect microbial contamination in marine fuel to prevent operational downtime and safety issues. FUELSTAT® One can be used throughout the fuel supply

Onboard carbon capture (OCC) can be a technically feasible option for reducing emissions and could be commercially attractive if the right regulatory and market drivers are in place. A new DNV white paper provides a comprehensive overview of all key

Artificial intelligence (AI) and robotics are leading the transformative changes in the oil and gas sector, accelerating advancements in operational efficiency, safety, and environmental sustainability. These technologies are reshaping how the sector approaches exploration, production, refining, and logistics, instituting a

Clean

LR2
MEG LR2’s have been somewhat lacklustre this week and have subsequently come under pressure. The TC1 rate for 75Kt MEG/Japan dipped 8.61 points to WS173.06 taking the Baltic TCE to just under $40,000/day round trip. The 90kt MEG/UK-Continent TC20 voyage

The half-time review
Let’s start with oil. Our first call for 2024 was that Brent would trade above $90/bbl in the second half of the year. Oil prices have already traded above that level several times this year, and we expect

North America

Houston’s port operations partially reopened on Wednesday after being shut down since Sunday due to Hurricane Beryl. The US Coast Guard (USCG) has allowed one-way barge traffic in parts of the Houston Ship Channel.

The Category 1 hurricane made landfall

In the key advanced economies, the consumer price index (CPI) has signalled an easing of inflation. In the US, it declined to 3.3% in May but remains above the US Fed’s target level of 2%. Similarly, in the Eurozone, the

Over the Week 28, the MABUX global bunker indices exhibited a moderate downward movement. The 380 HSFO Index fell by 2.73 USD, from 560.59 USD/MT last week to 557.86 USD/MT, remaining within the 550-560 USD range. The VLSFO index decreased

Highlights

• World oil demand continues to decelerate, with 2Q24 growth easing to 710 kb/d year-on-year – the slowest quarterly increase since 4Q22. Chinese consumption contracted, as the country’s post-pandemic rebound has run its course. Global gains are forecast to average just

June 2024 U.S. container import volume declined 2.1% from May but increased 10.4% compared to the same month last year. Compared to May 2024, imports from China remained flat in June 2024 but boasted 13.8% growth over June 2023. Port