• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 8 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 1 hour California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour Did China cherry-pick the factors that affected the economic slow-down?
  • 12 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 2 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 2 days Nord Stream - US/German consultations
  • 4 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 408 days Class Act: Bet You've Never Seen A President Do This.
  • 4 days An Indian Opinion on What is Going on in China
  • 2 days Forecasts for Natural Gas
  • 2 days Australia sues Neoen for lack of power from its Tesla battery
  • 4 days Storage of gas cylinders
  • 5 days Can Technology Keep Coal Plants Alive and Well?
A Novel Solution To The Plastic Pollution Problem

A Novel Solution To The Plastic Pollution Problem

Global initiatives and new technologies…

Inflation Fears Hit Fever Pitch As Gas Rally Continues

Inflation Fears Hit Fever Pitch As Gas Rally Continues

With natural gas prices climbing,…

Editorial Dept

Editorial Dept

More Info

Premium Content

Shipping Costs Could Soon Soar

Market Movers

- The International Maritime Organization’s new fuel rules begin on January 1 and reduce the limit on sulfur in fuel oil from 3.5% to 0.5% - a figure that could have a major impact on markets, even if ships only constitute between 5% and 7% of global transport oil demand. This will spark significant competition for low-sulfur fuel that refineries aren’t set up to produce. For investors, it could be a lucrative new game of hedging the right bets. Analysts cited by WSJ predict that the $350-per-metric ton gap between prices of very-low-sulfur fuel and high-sulfur fuel could wide to $1,000 in 2020. That means shipping costs could skyrocket before everyone has a chance to adjust. We can already see the market responding as prices of Abu Dhabi’s Murban crude grade dropped over the past week as refiners sought out lower-sulfur marine fuel. On Thursday last week, Murban was trading at a discount of $0.15 to its OSP, compared to a premium of $0.25 to the OSP just days earlier.

Discovery & Development

- On December 20th, Guyana officially produced its first-ever oil, courtesy of ExxonMobil in the offshore Stabroek Block. Output in the first phase of production is set to reach 120,000 bpd, with first cargo to be sold in a couple of weeks. By 2025, production is expected to hit 750,00 bpd.

- Saudi Arabia and Kuwait have signed a deal on their Neutral Zone to end a five-year dispute and reopen oil fields that have the potential…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News