Thomas Washington

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Articles

Growth of Iranian exports reduces mainstream crude tanker demand: Frontline

Nov 27, 2024 | spglobal.com | Thomas Washington |Alec Kubekov

The higher call on sanctioned tankers to carry Iranian exports is weighing on mainstream fleet demand, crude tanker firm Frontline said Nov. 27. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Iran's crude exports climbed from below 400,000 b/d in 2019 to 1.56 million b/d in October 2024, according to ship tracking data from S&P Global Commodities at Sea.
Germany pauses biofuel ticket rollovers to address oversupply

Nov 13, 2024 | spglobal.com | Thomas Washington

Germany has put a halt to greenhouse gas emissions ticket rollovers in 2025 and 2026, to of the certificates in the biofuels market and to encourage production, the government said Nov. 13. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Oil industry participants in Germany can now only use carbon credits from renewable energy earned in the same year to comply with required cuts in greenhouse gas emissions, known as the GHG quota.
FUJAIRAH DATA: Middle distillates resist decline in total inventories

Nov 6, 2024 | spglobal.com | Thomas Washington |Yue Wang

Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Refined Products Highlights Light and residual products fall 5.4% and 5.6%, respectively Healthy Asian buying of gasoline Middle distillates broadly stable amid closed arbitrage window Total oil product stocks in Fujairah fell 5.4% during the week ended Nov.
US ELECTIONS: Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card

Oct 29, 2024 | spglobal.com | Thomas Washington |Max Lin

A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over Russia-related trades, some analysts recently said based on the former president's stated views on sanctions and energy. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The Republican candidate is currently running neck and neck in polls with Democratic candidate Kamala Harris, ahead the US elections Nov. 5.
INTERVIEW: Ethanol earmarked for European road-use could go to other transport ends: Raizen

Oct 25, 2024 | spglobal.com | Thomas Washington |Harry Clyne |Daniel Workman

Brazilian energy company Raizen sees potential for its waste-based ethanol, currently overwhelmingly earmarked for European road users, to grow its share in other transport applications as it ramps up capacity of the second-generation fuel over the next few years, a company official said in an interview. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
Resuming attacks on Ukrainian grain exports threatens 1% of dry bulk market: BIMCO

Oct 23, 2024 | spglobal.com | Thomas Washington |Konstantinos Frentzos

The resumption of attacks on merchant ships in Ukrainian ports threatens 1% of global dry bulk cargoes and risks a rise in food prices, shipping body BIMCO said Oct. 23. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Since September 2024, five merchant ships have been hit by Russian missiles while in Ukrainian ports or waters, the first attacks on merchant ships since November 2023, BIMCO said in a statement.
UK investigates 37 breaches of Russian oil sanctions: government

Oct 14, 2024 | spglobal.com | Thomas Washington |Max Tingyao Lin

Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Crude Oil | Upstream Highlights Russian oil revenue declined 30% on year in 2023 Market observers question efficacy of price cap The UK government has 37 open investigations of suspected breaches of sanctions against the Russian oil industry, the country's finance ministry said. Not registered?
Ex-Middle East tanker freight shrugs off regional military escalation

Oct 2, 2024 | spglobal.com | Thomas Washington

Loading demand rather than a largely unchanged risk profile is driving tanker freight rates from the Middle East, which have shown little reaction to the latest ramp-up in hostilities between Israel and its adversaries. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Two merchant vessels in the Red Sea while another vessel was hit in the Indian Ocean Oct.
Meta pilots renewable diesel use for power generation in Ireland

Aug 29, 2024 | spglobal.com | Thomas Washington |Eklavya Gupte

Tech giant Meta is eyeing the biofuels market in a bid to diversify the power source for its energy and emissions-intensive data centers. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Meta, the parent company of Facebook and WhatsApp, has started pilots of r, also known as hydrotreated vegetable oil (HVO), for its backup power generators as an alternative to diesel, the company said Aug. 29 in its 2024 sustainability report.
Repsol, IAG sign Spain's biggest SAF purchase, eye lower prices

Jul 29, 2024 | spglobal.com | Thomas Washington

International Airlines Group and Spanish have agreed Spain's largest sustainable aviation fuel (SAF) purchase deal to date, calling for greater government support to secure lower prices for the fuel. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The deal is for the purchase and supply during the next six months of more than 28,000 mt of SAF, Repsol said in a statement July 29.