Why 2021 could be the year of the Dow dogs
New York (CNN Business)There’s more to the market than the FAANG stocks of Big Tech.
Asia naphtha, LPG rally on winter demand; propane premium widens on supply fears
Asia’s naphtha and LPG markets have been bullish in recent weeks, supported by strong demand but inclement global weather and shipping delays at the Panama Canal are driving up propane prices faster than naphtha, S&P Global Platts data showed.
Oil Steady Near $52 With IEA Signaling Possible U.S. Shale Boost
Oil in New York was steady as its new year rally stalled with the International Energy Agency saying a “big chunk” of U.S. shale is profitable at current prices, signaling potential over-supply problems ahead.
Korea Shipbuilding bags 200 bln won order from Europe
Korea Shipbuilding & Offshore Engineering Co. said Tuesday that it has signed a 200 billion won (US$182 million) deal to build two oil tankers for a European company.
U.S. projects higher oil output in 2022 from rebounding shale
The U.S. government is forecasting oil production to rise about 3.5% next year spurred by higher crude prices and a rebound in shale drilling.
IEA chief says U.S. shale is needed for now as oil prices climb
Oil in New York climbed to a new 10-month high as the dollar declined.
CHINA DATA: Shandong independent refineries’ 2020 average run rate rises 6 percentage points
The average utilization rate of China’s independent refineries in the Shandong province stood at around 70.4% in 2020, up by about six percentage points from the 64.2% in 2019.
Americas bunkers: key market indicators jan. 11-15
Key ports throughout the Americas saw spot retail marine fuel pricing climb during the week Jan. 4-8.
UAE pipeline deal will imperil Eilat’s critical coral reefs, scientists warn
Over 200 scientists from Israel and around the world are imploring the government to halt plans to turn an aging pipeline into a major means of transporting crude oil from the Persian Gulf to Southern Europe, citing concerns about the risk of an environmental disaster.