Despite the challenges of 2023 and escalating geopolitical tensions, business leaders remain surprisingly optimistic for 2024, according new research from Economist Impact and DP World, unveiled today at the World Economic Forum.

The primary driver is a growing belief that technology

Sea, the intelligent marketplace for fixing freight, is launching a Carbon Exposure solution that will enable customers to effectively measure and integrate their carbon exposure calculations with emissions targets. This addition to Sea’s all-in-one platform for pre-fixture workflows will enable

“Nothing is more uncertain than the general public,” the Roman orator Cicero said, and it is as true now as it was in 62 BCE. The next US presidential election is still almost 10 months away, on 5 November, and

Clean

LR2

LR’s in the MEG continued their downward track this week. The 75Kt MEG/Japan TC1 index dropped another 15.78 points to WS153.61. The 90kt MEG/UK-Continent TC20 run to the UK-Continent also came down $393,000 to $4.525 million.

West of Suez, Mediterranean/East LR2’s

The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight as companies position to build scale and strengthen sustainability through the energy transition. Growth will make a comeback. But companies

On 18 December, Parliament and Council reached a deal on the review of the TEN-T Regulation, setting the requirements for all transport nodes and modes being part of the TEN-T network. The new Regulation revises the original Regulation of 2013

North America

Houston’s bunker fuel demand has remained good this week. Availability of both VLSFO and LSMGO has been tight, and some suppliers can only deliver them with a lead time of seven days. Prompt HSFO supply is also tight and

The Global bunker market continued its recovery in 2023 with a moderate correction downwards following the peak values of 2022. As of December 25, 2023, the global index 380 HSFO demonstrated a notable increase of 36.14 USD, rising from 484.96

Global oil demand is due to rise by almost 2 million barrels a day (b/d) in 2024, with China accounting for over 25% of that increase according to a report by Wood Mackenzie.

The report, ‘Oil & Chemicals: Five things to

We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and demand for petroleum liquids will be relatively balanced over the next two years. We expect the