One barrel (159 liters) of OPEC crude stood at $97.68 Thursday, compared with $98.88 on the previous day. OPEC calculates an average basket price based on 13 important brands produced by cartel members.
- More than 600,000 teu impacted from Yantian fallout
- Oceania, Kanfer to build ammonia-ready LNG bunkering vessel
- Hyundai Heavy IPO Is Coming In Hot
- GasLog Partners fixes LNG carriers to TotalEnergies and Shell
- Japan Drilling secures new jackup contract in Qatar
- Construction on Neoline’s 1st sailing cargo ship to start this summer
- NYK to build new LNG-fuelled car carrier fleet
- Samsung Heavy Industries Set To Develop An Offshore Nuclear Power Plant
- HMM confirms cyber attack
- New consortium eyes bunkering station on Bornholm
- Sri Lanka seeks $40 million for X-Press Pearl damages
- UN: No progress on accessing ‘ticking bomb’ FSO off Yemen
- TECO 2030 teams up with Chart Industries on developing CCS solutions
- French Prosecutors Hunt for Source of Oil Spill Off Corsica
- Mauritius’ Top Court Denies Bail to Wakashio Captain; Master to Remain in Jail Pending Trial
Easing oil prices
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) lost another $1.20 Thursday, OPEC said Friday.
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Total rebrands as TotalEnergiesFrench energy group Total has completed its change of name to TotalEnergies, aiming to become one of the major players in the energy transition.
With Oil Past Peak, Shell Sharpens 2050 Zero Emissions GoalEnergy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.
Fuel price spread back in the spotlightSince early November, the spread has widened steadily so that it now stands at $92 per tonne in Rotterdam and $112.5 per tonne in Singapore.
Opinion: Was 2020 Really So Bad for Oil?f ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*.
U.S. Blacklists More Companies Over Iranian Petrochemical Exports“The United States will act against persons who support illicit actors engaged in the movement of Iranian petroleum and petrochemical sales,” Treasury Secretary Steven Mnuchin said in the statement.
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