AJOT | June 15, 2021 | Energy News | Conventional | By The Numbers
In the June Short-Term Energy Outlook (STEO), we forecast that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases for global crude oil benchmarks Brent and West Texas Intermediate (WTI).
AJOT | June 15, 2021 | Ports & Terminals | Ports | By The Numbers
In this month, 480,019 TEUs (standard 20-foot containers) were handled, of which 100,048 were for cargo (export). The latter grew by 50% compared to last year (the most complicated month of COVID-19) and by 12.26% compared to 2019 (year without pandemic)
AJOT | June 14, 2021 | Energy News | Conventional | By The Numbers
New Mexico had record-high production of crude oil and natural gas in March 2021, averaging 1.16 million barrels per day (b/d) of crude oil and 6.19 billion cubic feet per day (Bcf/d) of natural gas. The March 2021 increases in crude oil and natural gas production were the largest monthly increases on record for New Mexico.
AJOT | June 11, 2021 | Energy News | Conventional | By The Numbers
Oil demand is recovering globally, assisted by accelerating vaccination campaigns that help lift lockdowns, and amid a conservative OPEC+ policy prices are rising to new multi-year highs above $70 per barrel, with upside on the horizon.
AJOT | June 04, 2021 | Maritime News | Liner Shipping | By The Numbers
ZIM Integrated Shipping Services Ltd., a global container liner shipping company with over 75 years of experience, announced today the pricing of a secondary offering of 6,975,000 ordinary shares at a price to the public of $40.00 per ordinary share, by certain selling shareholders of the Company.
AJOT | June 04, 2021 | Energy News | Conventional | By The Numbers
All sources for U.S. energy consumption totaled 92.9 quadrillion British thermal units (quads) in 2020, a record 7% decrease from 2019. Consumption decreased for all fuels compared with 2019 except renewable energy, which increased by 2%. Petroleum consumption decreased 13%, natural gas decreased 2%, coal decreased 19%, and nuclear electric power decreased 2%.
AJOT | May 28, 2021 | Energy News | Conventional | By The Numbers
The average retail price for regular gasoline in the United States on May 24, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to our weekly Gasoline and Diesel Fuel Update. The average U.S. gasoline price on May 24 was $1.14/gal higher than a year ago.
AJOT | May 19, 2021 | Maritime News | Liner Shipping | By The Numbers
With recent news of overwhelming demand causing shipments to be rolled even on newly minted, extremely expensive annual contracts, now’s a good time to take a look at our recent report on how BCOs and freight forwarders are adapting their approach to annual tender negotiations going forward.
AJOT | May 19, 2021 | Energy News | Alternative | By The Numbers
In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the largest monthly decline in demand for ethane feedstock on record.