Politically, financially and economically, 2018 was a volatile year with a US-China trade conflict, a difficult Brexit negotiation in Europe, and oil supply concerns in some OPEC countries. Investors prefer predictable waters and it remains to be seen whether 2019...
A look at what we mean by ‘shipping’ and the vocabulary used in this field.
In July 2014, crude oil prices topped out at the $110+ per barrel mark. Fast forward just 10 months to April 2015, and we find production from OPEC, Russia and the US at all-time highs. As a result, a dramatic and rapid drop in oil prices has ensued, with the markets...
In the minds of people, the petroleum industry often resonates with negative events: oil spills. The Gulf of Mexico, Brent Spar, Nigeria and the Exxon Valdez, are just a few incidents among many. It is legitimate for the media to report on these sad happenings, but...