China is the lone major importer of Iranian oil despite Trump’s ``maximum pressure`` campaign on Tehran that includes cutting Iran’s oil revenue to zero.
Read More »$750mn Worth of Fund Allocated Out of NDFI for Shipbuilding
It was proposed that $750 million worth of money. out of financial resources of the National Development Fund of Iran (NDFI).
Read More »Global Oversupply Sets Up LNG for a Year of Record Low Prices
Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.
Read More »U.S. Sanctions Energy Traders. Tightening the Screws on Iran
The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals.
Read More »Shipping Sector Needs more than $1tn of New Investment to Hit 2050 Targets
A new report from University Maritime Advisory Services. conducted on behalf of the non-profit Getting to Zero Coalition. suggests reaching full decarbonisation by 2050 could cost as much as $1.9 trillion.
Read More »China Looks to Promote Its Arctic Role
Novatek has now requested exemption from having to contract with a domestic shipyard.
Read More »In the Battle for the World’s Biggest Oil Market. the U.S. has a New Advantag
The U.S.-China trade agreement is set to intensify the battle for the world’s most prized oil market.
Read More »The Shipping Industry’s Emissions Problems
Global shipping is responsible for about 2.2 percent of the world’s carbon dioxide emissions.
Read More »Libya on the Edge of a New Oil War
The Libyan situation is further complicated by recent developments in the East Mediterranean.
Read More »Top Quality Oil Sold Near $100 a Barrel on New Ship Rules
Just shy of $100 a barrel -- that’s the cost of a type of crude that’s become prized thanks to the scramble for cleaner-burning fuels.
Read More »