Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an energy intelligence group, which emphasizes that oil …

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Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents. The post Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia appeared first on Offshore Energy.

New global assessment maps infrastructure pathways to scale sustainable maritime fuels

A new report from the Lloyd’s Register Maritime Decarbonisation Hub (The Decarb Hub) finds that early investment in a small number of strategically positioned hubs and export gateways could accelerate the availability and uptake of sustainable maritime fuels. The report, Building the sustainable maritime fuel supply chain, is the first in The Decarb Hub’s “Maritime …

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Fuel Switch Snapshot: B100 and LBM discounts narrow in Rotterdam

All bunker prices described in the text below have been adjusted for calorific content to make them VLSFO-equivalent. They have estimated EU-EU voyage compliance costs included for Rotterdam, and nonEU-EU compliance costs included for Singapore. These account for EU ETS costs and FuelEU Maritime penalties, and the average price of compliance surpluses we have picked …

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