OPEC
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News
Today’s Pickup: Waste mountains of EV batteries a possibility with current mediocre recycling systems
Governments need to bolster electric vehicle battery recycling infrastructure; American worker productivity declined by 0.3% this quarter; Brazil plans to double oil output.
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Today's Pickup
Today’s Pickup: Fiat Chrysler and Peugeot’s PSA merge; now world’s fourth-largest carmaker
Fiat Chrysler and PSA merge to become a €40 billion automaker; global maritime shipping volumes growth slow; OPEC meeting this December to discuss production cuts.
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Energy
Oil on Monday closed nearer to day’s highs than its lows; ULSD remains the laggard
Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more…
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Shipping
Euronav waits on 2019 recovery as it notches second quarter loss
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
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News
Today’s Pickup: Over 1,100 fracking wells in the Permian basin went unreported in 2018
Shale oil wells in the Permian basin were underreported by 20 percent; U.S. FDI flows reduce; UPS pursues drone delivery services
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Energy
Tanker shipping demand nightmare – fact of fiction?
Peak oil demand "lurks like a monster in the shadows," warns Stifel analyst Ben Nolan.
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Fuel
FreightWaves oil report: long-range imbalances are eclipsing short-term bullish developments
Three reports issued this past week all with the same conclusion: there will be a lot of excess oil in the world next year.
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Business
Texas’ Port Corpus Christi poised to become top U.S. crude oil exporter along Gulf of Mexico
Port Corpus Christi could emerge as the United States’ top crude oil export hub over the next decade, thanks to more than $380 million in…
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Oil Review
FreightWaves oil report: OPEC has done what it planned but it has more work to do
Also in the oil report: the closure of an East Coast refinery is not good news for IMO2020 preparation
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Oil Review
FreightWaves oil report: the bear is out of its den
The structure of the Brent market says tightness, but the inventory numbers in the U.S. beg to differ
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