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SHIPPINGInsight Conference: The Unsung Heroes of Shipping’s Decarbonization The opening sessions of the SHIPPINGInsight conference (now in its 10th year), with a powerful keynote speech from ABS’s Chris Wiernicki, were full of quotable quotes and broad sweeping overviews, aspirations, challenges/ strategic opportunities and prescriptions. Rather than recount them in the opening paragraph, I

Putin’s pledge for more supply can’t stop Europe’s gas price surge (Bloomberg) --European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs. Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and is “prepared to discuss

Oil Down on Limited Trading Oil extended losses after Saudi Arabia cut crude prices for Asian buyers, raising the prospect of fierce competition among sellers as the resurgence of Covid-19 continues to cloud the demand outlook. Futures in New York fell 0.6% to below $69 a barrel. The kingdom cut the price of

Oil Up for Third Week as USA Refinery Restarts Outpace Production Oil gained a third week as investors focused on the ongoing production shut-ins in the U.S. Gulf of Mexico as more refineries have resumed operations nearly two weeks after Hurricane Ida tore through the region. Futures in New York posted its longest