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Friday, January 17, 2020

Economy

EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2020 In its latest Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After...
Baltic Exchange Flag

Baltic index dips on subdued demand for capesize vessels

The Baltic Exchange’s main sea freight index fell on Friday, as a fall in capesize vessel rates on weak demand outweighed gains in the other vessel segments. * The Baltic index, which tracks rates for...

Asia Distillates-Jet fuel cash premiums rise, cracks hover near multi-month low

Asia's cash premiums for jet fuel rose on Friday, due to a slight uptick in buying interest for physical cargoes, while refining margins for the aviation fuel lingered close to their lowest levels in...

Book review: ‘IMO 2020: A Regulatory Tsunami’

Judging a book by its cover, Pablo Rodas-Martini’s “IMO 2020: A Regulatory Tsunami” appears to be about the Jan. 1 rule mandating the game-changing global switch to low-sulfur marine fuel. It’s actually about something...

THE Alliance to ship more from Southeast Asia to West Coast

Major container shipping lines will offer more capacity between Southeast Asia and the U.S. West Coast in 2020, signaling that the U.S. sourcing shift away from China will continue unabated even with the preliminary trade...

Another year of shipping uncertainty, online forwarder predicts

The challenges facing the shipping industry this year will be remarkably similar to those of 2019, with the U.S.-China trade war, Brexit and IMO 2020 continuing to have major impacts, according to Klaus Lysdal,...

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp...

Germany’s 2019 hard coal imports fell 14.7%: importers

Germany imported 40.2 million tonnes of hard coal last year, 14.7% less than in 2018 due to competition from renewables and gas, and as the steel industry curbed usage, importers said on Friday. The total...

Oil held in check as Chinese economy offsets trade optimism

Oil prices edged higher on Friday but were little changed on the week as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the...

Offshore investment to bolster middle east oil and gas supply ambition

The most bountiful petroleum plays in the Middle East may no longer be storied gushers from the past but more technical offshore areas. The most recent hydrocarbon production boom is underway in the Middle...