Tag Archives: Marine

The price of OPEC basket of fourteen crudes stood at $47.48 a barrel on July 20. compared with $46.85 the previous day.

The price for September futures of Brent crude oil has increased by 0.43 percent to $49.12 per barrel July 17.

Shell sees opportunities in LNG and next-generation biofuels for shipping. heavy freight and air travel.

TMFGS is an affiliate of Total responsible for marketing marine fuels worldwide.

Plans are in place to increase the number of liquefied petroleum gas carriers to help NIOC establish a foothold in the global market.

The establishment of joint venture is a follow-up of a MOU for new business opportunities collaboration signed in November 2015 with Saudi Aramco.

LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.

ExxonMobil will provide its technical support and expertise to help the parties carry out safe bunkering operations and sell LNG bunker fuel to vessel operators.

OPEC oil basket’s price stood at $44.23 per barrel on June 27. or $1.09 more than on June 26.

The slide in oil prices continues as markets remain sceptical of OPEC´s ability to balance supplies.