19 C
istanbul
Sunday, November 17, 2019
Home Last News Oil & Energy

Oil & Energy

Lawmakers told foreign ships threatening US maritime sector

Many of the laws governing American ships — considered some of the most stringent in the world — are not being applied to foreign vessels operating in U.S. waters, a spokesman for the U.S.-flag...

Oil prices gain 2% despite concerns about rising supplies

NEW YORK (Reuters) - Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. Brent crude...

Tanker report – Week 46

15 November 2019 VLCC With at least half of the VLCC market participants meeting in Dubai this week, fixture activity has been sporadic, with rates slipping slightly. However, the market is reported to have bottomed and...

U.S. oil drillers cut rigs for fourth week in a row: Baker Hughes

(Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers plan to slash spending for a second consecutive year in 2020...

ESG ‘green’ push has ship owners seeing green(backs)

If you’re a landlord in a city with escalating housing demand — think San Francisco — you despise most regulations, but there’s one kind you absolutely adore: restrictions on development that curb construction of...

OPEC+ faces ‘major challenge’ from competitors’ surging output: IEA

LONDON (Reuters) - The Organization of the Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said on Friday, adding urgency to the oil producer group’s policy meeting...

Oil Market Report: Pausing to reflect

The IEA’s World Energy Outlook 2019 published this week highlights the increasing disparity between the calm oil market of today and heightened geopolitical tensions. The calmness is supported by a well-supplied market and high inventories. This...

French parliament to vote again on palm oil biofuel tax breaks

PARIS (Reuters) - France’s parliament will on Friday vote again on whether to remove tax breaks for the use of palm oil as a biofuel, a day after a ruling in favor of maintaining...

French gas networks could mix in green hydrogen in future: operators

The French gas network could be adapted to pipe a mix of natural gas with 20% hydrogen from 2030 onwards, as part of efforts to cut carbon emissions, operators said on Friday. Hydrogen produces water...

Wärtsilä and PSA Marine collaborate to achieve clean energy shipping

The technology group Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The...