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ENGINE: East of Suez Fuel Availability Outlook

08/01/2025

Singapore and Malaysia

VLSFO availability remains tight in Singapore, with a standard lead time of around nine days. However, expedited deliveries within five days are possible at higher prices. HSFO supply has improved, with lead times reducing from 9-15 days last

Brent crude oil prices traded in a narrow range in 2024

08/01/2025

Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024, $2/b less than in 2023. Intraday prices stayed within a $24/b range, between $68/b and $93/b (after rounding), which was the narrowest trading range since 2019. Adjusting

Maximising Fuel Efficiency Across Different Sailing Phases

06/01/2025

Understanding varying fuel consumption patterns
Different sailing phases – open sea, coastal transits, port approaches, and manoeuvring – exhibit distinct fuel consumption patterns. A one-size-fits-all approach to fuel efficiency is inadequate because factors like speed, weather conditions, and navigational constraints

Scaling AI for maximum impact in oil and gas

06/01/2025

The energy industry has embraced artificial intelligence (AI) as a lever for enhancing productivity and decision-making, and companies of all sizes are investing significant resources to develop and deploy AI tools.

In a recent EY survey, oil and gas executives reported

Alternative-fuelled ship orders grow 50% in 2024

04/01/2025

Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of using alternative fuels ordered (to December 13[i]). The new orders grew the total orderbook by more than 50%, to 1,737 vessels.

The in-service alternative-fuelled

China imported record amounts of crude oil in 2023

04/01/2025

China, the world's largest importer of crude oil, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data. Refiners in China imported record volumes of crude oil in

ENGINE: Global Bunker Fuel Availability Outlook

03/01/2025

Europe & Africa

Availability of HSFO is still tight in Rotterdam and across the wider ARA hub, a trader told ENGINE. Suppliers are unable to offer the grade for very prompt delivery dates. Lead times of 5-7 days are advised for

The Risks of Decarbonized and Digitalized Shipping

03/01/2025

Imagine a harbor in a major maritime conflict. A large container ship sits idle because the liquefied natural gas (LNG) fuel it requires is unavailable in the war zone. It is nominally dual-fuel capable, but the diesel system has been

Digitalization could deliver long term benefits to oil and gas industry, says GlobalData

03/01/2025

In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as artificial intelligence (AI), blockchain, cloud computing, the Internet of Things (IoT), robotics, and

LNG shipping stocks: Modest gains despite low trading activity

31/12/2024

Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broader market rose by 0.67%. Despite this recovery during the shortened Christmas week, the UPI faced uncertainty as moving averages signaled mixed trends

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