Decreasing oil and gas prices in the US have removed the incentive for companies to increase their output.

Instead, companies are beginning to focus on improving the efficiency of their drilling operations, according to analysis by Reuters.

Oil companies registered the smallest

“During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an increase of 1000% compared to 2021, before Russia

Northwest Europe

Prompt bunker fuel availability has improved in Rotterdam since last week, a trader told ENGINE. All three grades are now readily available in the port, with recommended lead times of 3–5 days. This marks an improvement from last week,

Prompt VLSFO availability remains tight in Singapore, with several bunker suppliers running low on stocks. Barge availability is also tight, which has added to the tightness in the port. Most suppliers are recommending lead times of 9–13 days for VLSFO.

HSFO

In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d), approaching the monthly record set in May 2023. Most of the imports (94%) were destined for the U.S. West Coast, where most

KR is proud to announce the successful delivery of the groundbreaking low-carbon sailing cargo ship SV Juren Ae (IMO no. 1021245) to the Marshall Islands Shipping Corporation (MISC) on 31 July. Built under KR class in South Korea, this innovative

Deutsche Telekom is supporting the publicly funded “AutoLog” project in the port of Emden with two innovations from the Group. The aim is to automate and make workflows at automotive terminals more efficient. To this end, Deutsche Telekom is contributing

Clean
LR2
LR’s in the MEG continued to trundle along stable this week. The 75Kt MEG/Japan TC1 index floated around the WS150 mark. The 90kt MEG/UK-Continent of TC20 is also coasted along at the $4.4m – $4.6m position all week.
West of Suez,

The Drewry Port Equity Index continued to rise in 2Q24, gaining 3.1%, following a 1.6% increase in 1Q24, but the growth rate slowed QTD, with a modest rise of 0.6%. Overall, the index was up 5.5% YTD (ending 31 July

Mitsui O.S.K. Lines, Ltd. has been awarded an approval in principle (AiP) by Nippon Kaiji Kyokai (ClassNK) for the design of a membrane LNG Carrier installing Wind Challenger (Note 1). This innovative design has been jointly developed by MOL and