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India’s latest COVID-19 surge casts further doubts on oil prices

Plummeting demand for diesel, gasoline, jet fuel and LPG questions previous forecasts To date, India’s COVID-19 infections numbers are inching closer to 20 million with many pessimistic about the country’s economic recovery. Much to sources’ surprise, India’s diesel, gasoline, jet fuel and LPG demand all declined in April from a …

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India’s soaring COVID-19 cases threaten oil prices


Despite several oil recovery projections, India’s soaring infections cast doubts The Organisation of the Petroleum Exporting Countries (OPEC) projected a robust global demand in 2021. However, a sharp spike in India’s infections challenged the take. The country is currently experiencing its worst outbreak, with media reports noting the continual increase …

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Shell to conduct a feasibility study on hydrogen fuel for ships in Singapore

Image Credits: Shell Shell sets to pave the way for cleaner, hydrogen-powered shipping after a successful trial  Royal Dutch Shell announced their upcoming feasibility study with partners on hydrogen fuel cells for ships in Singapore. The inaugural study will set the foundations for hydrogen-powered shipping.  This came after Shell’s analysis …

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French energy giant Total SA envisions Singapore to be Asia’s largest bunkering hub

bunkering hub

Singapore’s third licensed official LNG bunker supplier holds high hopes for its materialising Frederic Meyer, strategic director of Total Marine Fuels Global Solutions asserted: “We believe Singapore is going to be the major hub in Asia for LNG bunkering. Let’s not forget about the position today in conventional fuels,” This …

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Eight more countries express support towards imposing bunker levy to support decarbonisation research


The levies will go to the IMO Maritime Research Fund created for the decarbonisation mission The shipping industry’s proposal to impose $2/mt of levy for bunker fuel purchase proposed last year garnered eight more nations’ backing. Proceeds from the $2/mt levy on marine fuel purchases will go to a $5 …

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Potential of adopting ammonia as marine fuel in Singapore understudy


Maritime heavyweights jointly explore providing green ammonia bunkering in the country A.P. Moller – Maersk A/S, Fleet Management Limited, Keppel Offshore & Marine, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Sumitomo Corporation and Yara International ASA signed a Memorandum of Understanding (MoU). The intention is to jointly conduct a …

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