Tag: US

According to EIA, U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR). U.S. crude oil exports averaged a record 3.6 million barrels per day (b/d) in 2022, a 22% increase (640,000 b/d) from 2021.

Three G7 countries – the United States, Canada and the United Kingdom – confirmed their multi-year commitment to building ocean resilience through the Ocean Risk and Resilience Action Alliance (ORRAA) amounting to USD$22 million.

California’s Port of Oakland, the fifth busiest container port in the US, in order to reduce emissions for onshore operations, approved on Thursday March 9 an enviromental ordinance requiring operators to develop zero-emission plans.

DP World is planning to invest US $35 million in 2023 to expand and modernise its facilities located on the left bank of Brazil’s Port of Santos. The port is one of the largest and most modern private multi-purpose port terminals in the country.

According to ING, markets, economies and central banks are still searching for a new balance, a new equilibrium, of structural transition and cyclical developments, higher inflation and interest rates, stricter monetary policy and loose fiscal policy.

In effort, Biden-Harris administration to grow America’s clean energy economy, the Department of the Interior announced the the first-ever offshore wind lease sale in the Gulf of Mexico.

A 'shadow fleet,' or 'dark fleet,' has continued transporting Russian oil despite sanctions, explains the World Economic Forum (WEF) in a recent article. The oil revenue it provides helps fund Russia's military aggression.

The US Government Accountability Office (GAO) has identified several actions that the Coast Guard needs to take to help prevent fishing vessel losses and related fatalities.

The U.S. Department of Energy (DOE) announced $118 million in funding for 17 projects to accelerate the production of sustainable biofuels for America’s transportation.

Energy firm Mabanaft and Hapag-Lloyd have signed a memorandum of understanding (MoU) to evaluate options for the supply of ammonia as bunker fuel at the Port of Hamburg in Germany and also to the Port of Houston in the US state of Texas.