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Oil freight boom makes $1 million waiting bills more common

Bloomberg | November 26, 2022 | Maritime | Bulk | Energy

With soaring shipping costs comes soaring bills for ships doing nothing.

EU postpones talks on oil price cap as divisions stick

Bloomberg | November 26, 2022 | Energy
Real U.S. gasoline prices this Thanksgiving are mostly unchanged from last year

AJOT | November 23, 2022 | Energy

Consumers paid, on average, $3.65 per gallon (gal) at the pump for U.S. regular gasoline on November 21, the Monday before Thanksgiving. This year's Monday-before-Thanksgiving price is 7.5%, or $0.25/gal, higher than last year, which is the same as the overall consumer goods price increase of 7.7%, based on the Consumer Price Index (CPI).

Venezuela to restart opposition talks, hoping US eases sanctions

Bloomberg | November 23, 2022 | Energy | International Trade | Commodity

Indian Railways shows slow progress in installing renewables

Bloomberg | November 23, 2022 | Energy | Alternative | Intermodal | Rail
ConocoPhillips to take stake in Sempra LNG US export terminal

Bloomberg | November 22, 2022 | Energy | Ports & Terminals | Terminals

ConocoPhillips, one of the largest US oil and gas producers, agreed to take a a 30% stake in the first phase of Sempra Energy’s proposed Port Arthur liquefied natural gas terminal in Texas.
Oil freight at $100,000 piles pressure on crude markets

Bloomberg | November 22, 2022 | Maritime | Bulk | Energy

Soaring shipping costs are piling pressure onto physical oil markets that are already being hit by uncertainty surrounding a cap on Russian crude prices and weak Chinese buying.

Korean Register to support development of methanol bunkering in Ulsan

AJOT | November 22, 2022 | Maritime | Energy | Ports & Terminals | Equipment and Tech
Bureau Veritas to certify major commercial floating wind project in Korea

AJOT | November 22, 2022 | Project / Heavy Lift | Maritime Project | Energy | Alternative

Bureau Veritas a world leader in testing, inspection and certification, in partnership with the Korean Register (KR), has been appointed to lead the project certification of Bada Energy’s Gray Whale 3, a major floating offshore wind farm project in Ulsan, Republic of Korea, that will be a key component of the country’s renewable energy strategy.
Natural gas imports from Canada continue providing winter reliability to U.S. markets

AJOT | November 22, 2022 | Energy

Despite the downward trend in natural gas imports from Canada, trade between the United States and Canada remains important in balancing U.S. natural gas markets and helps ensure reliable supply to parts of the United States. Because of ample capacity on pipelines and in storage facilities in Canada, suppliers can rapidly increase flows, which helps to stabilize the U.S. market during periods of supply and demand imbalance, such as during cold winter months.

India’s big plans for cleaner jet fuel face a string of hurdles

Bloomberg | November 21, 2022 | Air Cargo | Airlines | Energy | Alternative

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