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Fri 15 Dec 2017, 08:48 GMT

Oil prices had another volatile day yesterday


By A/S Global Risk Management.

Continued crude oil outages of the North Sea Forties pipeline and the pipeline operator has declared force majeure on crude deliveries.

The International Energy Agency (IEA) released its monthly oil market report yesterday, and among other things, the agency stated that "Total supply growth could exceed demand growth: indeed, in the first half the surplus could be 200,000 barrels per day before reverting to a deficit of about 200,000 barrels per day in the second half, leaving 2018 as a whole showing a closely balanced market". Read the report,

The European Union is in the midst of Brexit talks, other than that no major economic news today.

Later tonight, the weekly oil rig count from Baker Hughes will be followed closely for indication of continued growth in the number of active oil rigs in the U.S.

Graphic of the ABS logo with a blue background and light effects over a globe. ABS consortium delivers ammonia fuel safety report for EMSA  

Report expands on IMO interim guidelines and highlights need for comprehensive understanding of ammonia properties.
Green Future vessel. NYK operates methanol-fuelled bulk carrier for BHP, claims 65% emissions cut  

Green Future becomes first oceangoing bulk carrier to use low-carbon methanol fuel.
Genesis Sea vessel. Ulstein Verft completes sea trials for Genesis Sea CSOV ahead of spring delivery  

The 89.6-metre vessel features hybrid battery propulsion and preparations for green methanol operation.
S-4L waterjet render. Kongsberg Maritime launches S-4L waterjet series with Gotland ferry order  

Hydrogen-ready Horizon X ferry to feature new propulsion technology on Swedish route.
Annual Capital Link Forum in Athens. ECSA calls for EU to withdraw shipping legislation once IMO reaches global agreement  

European shipowners' association urges Commission to clarify that regional measures are transitional pending an international framework.
QRDI Grant Award event. CircleProcess Technologies wins Qatar grant for onboard LNG-to-hydrogen conversion project  

Project ReformLNG aims to convert LNG into hydrogen fuel and solid carbon onboard vessels.
Two people shaking hands with Uni-Fuels seeks bunker traders for Dubai operations  

Nasdaq-listed marine fuel provider advertises positions as part of team expansion in the UAE.
Working meeting at the headquarters of Puertos del Estado. Spain nears completion of standardised LNG bunkering specifications framework  

Document aims to harmonise LNG and bioLNG supply procedures across Spanish port authorities.
YM Willpower vessel. Synergy Marine Group takes technical management of two Yang Ming LNG dual-fuel newbuilds  

Singapore-based ship manager assumes responsibility for 15,500-teu container vessels delivered from Hyundai Heavy Industries.
Plate cutting ceremony for Horizon X vessel. Austal begins construction of hydrogen-ready ferry for Swedish operator  

Shipbuilder cuts first steel for 130-metre Horizon X vessel at Philippines facility.




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