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DUCs Won’t Save U.S. Oil Production
U.S. oil production has fallen more than 2 million barrels per day since March 2020. Many reasonably expect that DUCs
Is It Time to Get Bullish on Oil Stocks?
Last year was another abysmal one for oil stocks. The average oil producer in the SPDR S&P Oil & Gas
Asia’s fuel oil trade nearly halved in 2020 due to COVID and rule changes
Trading volumes in Asia for fuel oil, a key shipping fuel, nearly halved in 2020 to the lowest levels in
Maritime industry players join forces to realize the decarbonization potential of solid oxide fuel cells
Alfa Laval, DTU Energy, Haldor Topsoe, Svitzer and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are entering into a joint project to accelerate …
Rovco Signs Subsea Contract for Beatrice Offshore Wind Farm
Rovco, a leading provider of ROV and hydrographic services, combining innovative robotic platforms and cutting-edge technology, signs contract to perform
Chevron Marine Lubricants keeps ships sailing amid VLSFO engine challenges
Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition challenge associated with the widespread switch to low-sulphur fuels. Some …
With 2 big ports, Gujarat sets off race for Tesla plant
Jostling has started to host the assembling or production plant of Tesla Inc, after the Elon Musk-led electric car-maker opened
Fresh controversy over ports handling rice cargo
A fresh controversy has erupted over the possible diversion of rice cargo, traditionally meant for the anchorage port, to Kakinada
Renaissance Says Losses Should Have Been Expected At Some Point
The quant hedge fund told clients that a recent drop of 20% to 30% was partially due to increased market volatility.
Corporate profits are going to get ‘better and better,’ Credit Suisse’s Jonathan Golub predicts as earnings season begins
Credit Suisse’s chief U.S. equity strategist sees the reopening trade as the market story of the year.
Maersk Drilling awarded two Suriname floater contracts by Total
Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded contracts for the deepwater rigs Maersk
Syria says will import more fuel to cover shortfalls hit by sanctions
Syria said on Sunday it would import more crude oil to cover fuel shortages it blames on Western sanctions that
HOT PORT NEWS from GAC
Reclamation southwest of Shek Kwu Chau for integrated waste management facilities Monday, January 18, 2021, Hong Kong For approximately 12 months,
Thousands of UK savers advised to give up final-salary pensions
FCA data showing transfers under banned charging model adds to mis-selling fears
Lumentum in Advanced Talks to Buy Laser Maker Coherent
A cash-and-stock deal could come together as soon as this week. Exact terms couldn’t be learned but Coherent had a market value of $3.7 billion …
Thyssenkrupp considers spin-off of troubled steel business
News sends shares in German group up more than 7%
Oil falls on coronavirus fears, strong dollar
Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West Texas Intermediate U.S. crude fell 10 cents, or …
Gold recovers as US stimulus hopes buoy appeal
Spot gold was up 0.3% at $1,832.36 per ounce by 9:54 a.m. EST (1454 GMT), after falling to $1,809.90, its lowest since Dec. 2. U.S. …