Is The LNG Floating Storage Boom Over?

Is The LNG Floating Storage Boom Over?

The relatively young industry of projects using floating storage and regasification units (FSRU) has enjoyed boom years since 2015 as many new importers of liquefied natural gas (LNG) used these floating types of carriers that are cheaper than having to build an entire onshore LNG import terminal.

India’s Oil Ministry Favors Ban On Petcoke Imports

India’s Oil Ministry Favors Ban On Petcoke Imports

The oil ministry of India is in favor of the country placing a ban on imports of petroleum coke, the government’s lawyer told the Supreme Court on Monday, as India aims to curb imports of the polluting oil refinery by-product in a bid to fight severe air pollution.

Russian Oil Production Soars To 11.193 Million Bpd

Russian Oil Production Soars To 11.193 Million Bpd

In line with its agreement with OPEC to reverse part of the cuts, Russia is boosting its crude oil production, pumping as much as 11.193 million bpd in the first four days of July, up from 11.06 million bpd in June, Reuters reported on Thursday, quoting a source familiar with the data.

Thermal Coal Prices Are Soaring

Thermal Coal Prices Are Soaring

Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions.

Saudi Arabia Ready To Start Pumping More Oil

Saudi Arabia Ready To Start Pumping More Oil

Saudi Arabia is ready to increase its oil production in response to the expected decline in Iranian crude oil for international markets following President Trump’s withdrawal from the Iran nuclear deal.

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