U.N. approves ban on heavy ship fuel in Arctic

 

 

 

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LONDON (Reuters) - The United Nations shipping agency on Friday approved a ban on the use of heavy fuel oil in the Arctic region in a move criticised by green groups which said loopholes will allow many vessels to keep sailing without enough regulatory control.

 

FILE PHOTO: Floating ice is seen during the expedition of Greenpeace's Arctic Sunrise ship in the Arctic Ocean, September 14, 2020. REUTERS/Natalie Thomas/File Photo

Antarctic waters are protected by stringent regulations, including a ban on heavy oil fuel (HFO) adopted in 2011, even though no cargo moves through the turbulent southern waters. For the Arctic, the rules have been looser.

In a virtual session of its Marine Environment Protection Committee (MEPC) the UN’s International Maritime

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Les Emirats réitèrent leur soutien à l'OPEP face à une éventuelle réduction de la production de pétrole brut

 

 

 

 

Cela exclut certains commentaires sur le départ éventuel de l'organisation des pays exportateurs de pétrole

AFP/ KARIM SAHIB  -   Le ministre de l'énergie et de l'industrie des EAU, Suhail al-Mazrouei

Le ministre de l'énergie des EAU, Suhail al-Mazrouei, a réitéré son soutien à l'Organisation des pays exportateurs de pétrole (OPEP) et à ses partenaires (OPEP+) face à une éventuelle modification de la réduction de la production, niant tout commentaire sur leur éventuel retrait de l'organisation.  

"Les Émirats arabes unis ont toujours été un membre engagé de l'OPEP et nous avons démontré cet engagement en nous conformant à l'accord OPEP+ actuel", a déclaré le ministre de l'énergie au journal The National des Émirats arabes unis. "En tant que membre fiable et de longue date

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Oil Prices Soar On Major Crude Draw

 

 

 

Oil Prices Soar On Major Crude Draw

The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 8.01 million barrels for the week ending October 30.

Analysts had predicted an inventory build of 890,000 barrels.

In the previous week, the API reported a surprise build in oil inventories of 4.577-million barrels, after analysts had predicted a draw of 1.11 million barrels.

 

Oil prices were trading up on Tuesday afternoon before the API’s data release in the runup to the U.S. election. Bearish factors this week include a ramp-up of oil production in OPEC producer Libya, the resolution to the latest storm that has disrupted oil and gas production

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Sailing Towards A Low-Emissions Future

 

 

 

FORBES

By Johnny Wood

Shipping accounts for about 2.5 percent of global greenhouse gas emissions.

 SHUTTERSTOCK

A large container ship can’t quickly change direction and neither can the shipping industry. But as maritime shipping faces pressure to reduce, and eventually eliminate, harmful emissions, the industry needs to accelerate this stubbornly slow transition.

At the World Economic Annual Meeting in Davos earlier this year, Isabella Lövin, the Deputy Prime Minister of Sweden, described the public and private sectors’ push for a “new kind of urgency” on climate change. “We need to move to real action,” Lövin declared during a panel on the decarbonization of shipping.

Running on heavy fuel oil, maritime carriers have long been prolific polluters, making them an

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