8.3 C
New York
Wednesday, December 2, 2020
No menu items!
Home INTERNATIONAL

INTERNATIONAL

UKC-West Africa clean freight nearly triples in a week

Freight rates from the UK continent to West Africa on Medium Range (MR) tankers have almost tripled since last week, as competition...

IMO seeks essential personnel status for seafarers

IMO Secretary-General Kitack Lim has asked the United Nations system agencies to support IMO in its request to governments to declare seafarers,...

Worldwide offshore rig count drops in March year-over-year

The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to rig count reports by Baker...

OPEC+ producers debate possible oil cuts of 10 mln bpd

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said...

In oil markets, it’s back to 1998 crisis pricing

…Prices fall as low as $10 a barrel, not seen since 1998…Light grades slide as jet fuel and gasoline not needed…Heavy and...

Storage dilemma besets oil industry

…Lease costs rise as tanks fill up The scramble for cheap oil floating around has added another dimension to...

Oil price risk further losses as demand, supply concerns mount

Oil prices have seen an incredible decline throughout the first three months of 2020, with Brent losing 59% since the January peak...

Nigeria joins oil war, makes brutal price cuts

…Selling barrels at record discounts to Brent…Traders see lackluster buying, weak demand from refiners Nigeria opened a new front...

As OPEC pursues oil supply war, here’s who has most firepower

…Saudis plan maximum output with aim to reach record levels…Kuwait, Abu Dhabi are adding barrels, Iraq’s capacity limited With...

Shell cuts spending, buybacks in response to oil price slump

Shell said Monday it was cutting its capital expenditure by 20% to $20 billion and would pause its share buyback programme as...

Why the OPEC-Russia blowup sparked all-out oil price war

First Russia tossed a hand grenade into global oil markets. Then Saudi Arabia dropped a bomb. After the dramatic collapse of an...

COVID-19: IMO advocates sustained shipping, improved seafarers’ welfare

In an address on 20 March IMO Secretary-General Kitack Lim stressed the vital need to maintain commerce by sea and protect seafarers’...
- Advertisment -

Most Read

FG to roll out auto-gas scheme for cars in December

President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as the Federal Government moves to create alternative...

Oil prices down 1% as OPEC+ debates 2021 output policy

Oil fell about 1 per cent on Monday on uncertainty about whether OPEC+ would agree to extend its deep output cuts at...

NIMASA launches e-Library to bridge industry knowledge gap

As Nigeria moves towards greater role for maritime in the national economy, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA),...

JV oil assets suffer as NNPC slashes funding

The nation’s oil and gas assets being developed through joint ventures between the Nigerian National Petroleum Corporation and private firms are suffering...