Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe…
IBBC joins IBIA
The International Bunker Industry Association (IBIA) and the Institute of Bunker Buyers & Consumers (IBBC) are pleased to announce that IBBC will become a sub-group of IBIA. The IBBC is a forum and business network for marine fuel purchasers to discuss general…
Hedge Funds Push Oil Prices Lower: Kemp
Continued hedge fund liquidation of former bullish bets on oil and the establishment of new short positions have kept crude prices on the defensive over the last month. Hedge funds and other money managers cut their bullish bets on crude oil by another 22 million barrels over the seven days ending on July 5.
Oil Rally is Not Just About Hedge Funds: Kemp
Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts. "Even as oil rallies, analysts have barely nudged up their price forecasts as they worry that crude's recent gains might not be sustainable…
Oil Price Rise: Perhaps Wrong, Not Irrational
The oil futures curve is flattening as a wave of bullishness washing across the market raises the price of near-dated contracts faster than that of contracts for deferred delivery. Brent for delivery in May 2016 has risen more than $10 per barrel since early February…
Hedge Fund Short Positions and 2015 Oil Prices
U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions. There have been at least three cycles in WTI prices and hedge fund…
Application Guidelines for Dumping Radioactive Waste
Updated guidelines for the application of the de minimis (exempt) concept for radioactive substances which may be considered for dumping at sea have been adopted by Contracting Parties to the treaties which regulate the dumping of wastes at sea. The 2015 Guidelines…
Irving Oil Slams Former Top Executive Over Lawsuit
Canada's Irving Oil rejected former top executive Mike Ashar's allegation that he was underpaid millions of dollars, painting him instead as an "unsuccessful" hire who oversaw a decline in the family-owned company's worth during his five-year tenure, according to court documents filed this week.
Hedge Funds Impacted, also Affecting Oil Slide
Hedge funds have been badly wrong-footed by the slide in oil prices over the past five months, and by trying to turn their positions around have accelerated the rout. Going into the summer, hedge funds and other money managers had amassed one of the largest bullish positions on oil prices on record.
