Oil held gains near a two-month high after data showed US production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.
Futures in New York edged lower after rising 2.7 percent on Friday. The number of active oil rigs in the US dropped to the lowest level in almost nine months, data released Friday by oilfield-services provider Baker Hughes show. Crude output from the Organization of Petroleum Exporting Countries fell the most in two years in January, according to a Bloomberg survey of officials, analysts and ship-tracking data.
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Green politicians call for removal of LNG on EU shortlist of new fuels
LNG must be eliminated from the list of future alternative fuels, FuelEU, says the spokesman of green parties in the European Parliament, Michael Bloss, to ShippingWatch. Further, ETS must be much more ambitious.
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Banks predict more upgrades from container carriers
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Ikea: Shipping plays a vital role in reaching climate neutrality in 2030
As one of the major US importers, Ikea shares part of the responsibility for carbons emissions from the container fleet, as established by a recent report. Sea freight is important for our carbon plans, Ikea tells ShippingWatch.
141 ships are waiting off major ports in US and China
The large bottlenecks across the container market continue to grow day by day, with 141 vessels currently waiting in line off ports in China and the US, show new figures from VesselsValue.
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