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tanker profits

As oil prices drop, tanker profits rise

Plentiful oil is keeping crude prices stable while driving up demand for oil tankers and profits for tanker operators, according to reports. “Right now, it costs more than $87,000 a day to carry about 2 million barrels from Saudi Arabia to China,” Bloomberg reported on Sept. 16. “That’s the most in 2 1/2 years, exceeding levels seen during a period of intense fighting in the Middle East earlier this year.” Part of the demand is caused because a number of

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tanker profits

As oil prices drop, tanker profits rise

Plentiful oil is keeping crude prices stable while driving up demand for oil tankers and profits for tanker operators, according to reports. “Right now, it costs more than $87,000 a day to carry about 2 million barrels from Saudi Arabia to China,” Bloomberg reported on Sept. 16. “That’s the most in 2 1/2 years, exceeding levels seen during a period of intense fighting in the Middle East earlier this year.” Part of the demand is caused because a number of

Read More...

ENERGY & COMMODITIES NEWS

As oil prices drop, tanker profits rise

Plentiful oil is keeping crude prices stable while driving up demand for oil tankers and profits for tanker operators, according to reports. “Right now, it costs more than $87,000 a day to carry about 2 million barrels from Saudi Arabia...

Brazil’s soaring SAF industry hits turbulence in US

Already on the forefront of developing sustainable aviation fuels (SAF), Brazil’s industry received a big boost recently when a United Nations body certified that Brazil’s SAF production is cleaner than America’s. But recent decisions by the Trump Administration make it...

Carbon management fuels sustainable energy use

Carbon capture works: By catching carbon as it leaves smokestacks, it’s possible to remove emissions from the atmosphere, mitigating climate change while empowering energy independence. Carbon capture is also safe: Technology to inject carbon dioxide (CO2) into underground storage uses...

FOOD & AGRICULTURE NEWS

Brazil’s soaring SAF industry hits turbulence in US

Already on the forefront of developing sustainable aviation fuels (SAF), Brazil’s industry received a big boost recently when a United Nations body certified that Brazil’s SAF production is cleaner than America’s. But recent decisions by the Trump Administration make it...

carbon capture safe

Carbon capture: Why we need it and why it’s safe

Carbon capture is not only effective at reducing the carbon emissions that cause climate change, the technology also has been proven safe through decades of commercial application. Our ability to use carbon capture appropriately is essential to achieving our goals for controlling climate change while strengthening America’s energy independence. Fortunately, standards that have ensured no harm is done from carbon capture are constantly updated with new technology, meaning the wells being planned now for carbon capture will be the safest

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carbon capture safe

Carbon capture: Why we need it and why it’s safe

Carbon capture is not only effective at reducing the carbon emissions that cause climate change, the technology also has been proven safe through decades of commercial application. Our ability to use carbon capture appropriately is essential to achieving our goals for controlling climate change while strengthening America’s energy independence. Fortunately, standards that have ensured no harm is done from carbon capture are constantly updated with new technology, meaning the wells being planned now for carbon capture will be the safest

Read More...

ESG NEWS