Paris Will Ban Through Traffic in City Center
Paris Mayor Anne Hidalgo set an audacious new benchmark in her ongoing campaign to reduce car use across the French capital: a ban on most vehicle traffic crossing the city Continue Reading
Europe to Clamp Down on Air and Water Pollution Under Green Deal
The European Union is aiming to step up its efforts to cut pollution from sectors like industry and agriculture as part of its biggest economic overhaul to date. The overarching goal is Continue Reading
Norsepower announces installation of five tiltable rotor sails on newbuild VLOC chartered by Vale
Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, announced the installation of five tilting Rotor Sails ( earlier post ) on board a new-build Very Large Continue Reading
Oil drops on India’s COVID-19 crisis, pipeline resumption
Oil prices fell more than 2% on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week Continue Reading
Oil Prices Finish Higher Amid Lower USA Inventories
Oil rose to the highest since early March with a second straight weekly decline in U.S. crude supplies underscoring the progress the world has made in draining a record supply Continue Reading
Oil Rally Takes Breather On Small Crude Draw
The rally in oil prices took a breather today after the Energy Information Administration reported a crude oil inventory draw of 400,000 barrels for the week to May 7. This Continue Reading
Oil Market Report – May 2021
Global oil consumption is now forecast to rise by 5.4 mb/d in 2021, 270 kb/d lower than in our previous Report. Europe and OECD Americas have been revised down by Continue Reading
IEA: The Global Oil Glut Is Gone
The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock Continue Reading
Airlines Pull Back From Oil Hedging After Losing Billions
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against Continue Reading
U.S. airlines cancel flights to Tel Aviv amid escalating conflict
United Airlines (UAL.O) , Delta Air Lines (DAL.N) , and American Airlines (AAL.O) have canceled flights between the United States and Tel Aviv, according to data by flight tracker FlightAware, Continue Reading