Oil prices continue to drop Wednesday following an unexpected increase in crude oil inventories in the US, and after a meeting of the petroleum exporting nations in OPEC+ have been postponed, reports Reuters.
A barrel of European reference oil Brent cost USD 47.06 on Wednesday, down from USD 47.16 on Tuesday. US reference oil WTI is trading at USD 44.15 against USD 44.30 on Tuesday afternoon CET.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
FMC chair on pressured freight market: "Everyone is responsible, but no one is to blame"
More working hours in US ports could help ease the burden in the chaotic freight market, says FMC chair Daniel B. Maffei. The entire supply chain is under pressure, according to a debate with participation from World Shipping Council and Kuehne+Nagel, among others.
"Mixed lobbying" hinders Maersk from elite status on climate efforts
Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.
Danske Bank makes commitment to CO2 neutral loan portfolio by 2050
By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.
More container vessels queued off Long Beach – fewer globally
The queue of container vessels in the world's ports has decreased in recent weeks, though not off Long Beach and Los Angeles where the queue has gotten longer, according to VesselsValue.
Fredriksen increases stake again in Frontline rival Euronav
.jpg)
Norwegian-Cypriot shipping magnate John Fredriksen continues the share shopping spree in tanker operator Euronav, a competitor to Fredriksen's own Frontline.
Senior Accountant to Finance & Accounting 
Coordinator / Marine Operator / Operations 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
COO, C-Level Consulting 
Chief Business Officer for Cruise 
Senior Sales Director Naval - Terma 
Legal Counsel for an international shipping company 
Shipping & Logistics Coordinator – Seafood 
Commercial Operations - Stena Bulk