Global Energy Industry News

Gard Alert: Panama Canal – draught restrictions

August 11, 2015
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The Panama Canal Authority (PCA) implements draught restrictions in the Canal due to the “El Nino” effect. The measures enter into force on 8 September 2015. The PCA issued their Advisory to Shipping No. A-24-2015 outlining the measures, on 7 August 2015

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Global Oil Supply More Fragile Than You Think

August 6, 2015
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By hellenicshippingnews Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July […]

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COLUMN-U.S. refiners find the oil market’s sweet spot: Kemp

August 6, 2015
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LONDON, Aug 6 (Reuters) – Low crude prices and strong demand for gasoline are creating near-perfect conditions for oil refineries across the United States, especially those geared towards maximising gasoline production.

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Source:: Reuters UK Natural Resources […]

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Suez Canal extension like ‘turning a B-road into a motorway’

August 5, 2015
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The new Suez canal expansion, which officially opens on Thursday, will be a gamechanger for the future of global trade, the UK Chamber of Shipping has said.

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Source : http://www.hellenicshippingnews.com

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