Drewry: Demand growth from Asia to the Middle East topped 26% in the first quarter of 2018.
US said it was “alarmed” by the missile strike on a Turkish wheat ship earlier in May.
OPEC+ achieved a conformity level of 152% to the oil output cuts agreed on in December 2016. They’ve also pledged to address concerns over potential oil supply shortages.
The most popular articles of the week.
You are probably aware of the new General Data Protection Regulation (GDPR) that will come into effect on May 25, 2018. In a nutshell it means your personal data will be better protected, hence increasing your privacy. We have always cared about your privacy and will continue to do so in all our fut
Saudi-led Coalition: Ince Inebolu, which was damaged by an explosion earlier in May, was struck by a Houthi missile.
UK oil major has said it will cut around three percent of workers its 18.000-people strong Upstream business.
The number of piracy incidents doubled off the coast of East Africa in 2017 compared to 2016.
Iran’s oil minister Bijan Zangeneh does not expect the country’s oil exports to be hurt by the recently reimposed U.S. sanctions if the EU sticks to its promises to keep the nuclear deal alive.
The Export-Import Bank of Korea and the Korea Trade Insurance Corporation said they would back three South Korean companies with $ 2.3 billion in financing aimed for the construction of Kuwait’s Al Zour liquefied natural gas (LNG) import terminal. The facility is being built by the South Korean cons
The most popular offshore industry news of the week
Souki: U.S. players need new model to secure $100 bln LNG investment The United States liquefied natural gas market players will have to find a new model enabling them to finance the transition into a true commodity market, as long-term contracts won’t be needed in the future. Russia’s Novatek in sm
The hotspots on board Maersk Line’s ultra large containership Maersk Honam have been almost extinguished.
French oil and gas giant Total will stop all operations on the development of the South Pars Phase 11
