India’s Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend. The robust demand for the lighter Russian grades in...

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Bureau Veritas Marine & Offshore (BV), a global leader in testing, inspection, and certification, has confirmed the validity of the emissions reduction methodology of the Blue Visby Solution, a multilateral platform developed by the Blue Visby Consortium, which...

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The Panama Maritime Authority (PMA) has strengthened its collaborative ties with the International Transport Workers’ Federation (ITF) during a recent visit by ITF delegates to the General Directorate of Seafarers (DGGM). The meeting focused on reinforcing the...

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Asia high sulphur fuel oil (HSFO) cracks remained supported in a round of strong bidding on Wednesday, trade sources said. Singapore’s 380-cst HSFO/Dubai crack for June closed at a premium of $4.44 a barrel, holding near record highs hit last week, based on LSEG data....

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Oil products inventories at the UAE’s Port of Fujairah climbed 4.2% in the week ended May 19, making up for almost all of the prior week’s drop as fuel oils rebounded, according to Fujairah Oil Industry Zone data published May 21. The total increased to 20.562 million...

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The People’s Republic has just entered a new era:  One-year bank deposit rates dipped below 1% for the first time ever. As a consequence, savers may shift more of their record 160 trillion yuan ($22 trillion) parked there into stocks, long a Beijing goal. But a murky...

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