#Crude Transportation Market

[cmipooja]

Global Crude Transportation Market Is Estimated To Witness High Growth Owing To Increasing Oil and Gas Exploration Activities

The global crude transportation market is estimated to be valued at US$ 21.58 billion in 2023 and is expected to exhibit a CAGR of 6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. The market is driven by the increasing oil and gas exploration activities, which require efficient transportation of crude oil from production sites to refineries. Market Overview: The crude transportation market involves the transportation of crude oil through various modes such as pipelines, tankers, and railcars. It plays a crucial role in ensuring the smooth flow of crude oil from production fields to refineries, where it is processed and converted into usable products such as gasoline, diesel, and jet fuel. The demand for crude oil is constantly increasing due to the growing population, urbanization, and industrialization, making efficient transportation a necessity. Market Key Trends: One key trend driving the growth of the crude transportation market is the increased use of pipelines. Pipelines are considered the most efficient and cost-effective mode of transporting crude oil over long distances. They offer several advantages, including higher capacity, lower operating costs, and reduced environmental impact compared to other modes of transportation. For example, the Keystone Pipeline system in North America has a capacity of transporting over 590,000 barrels of crude oil per day. PEST Analysis: Political: The political factors influencing the crude transportation market include government regulations and policies related to energy security, environmental protection, and infrastructure development. For instance, the approval or rejection of major pipeline projects often depends on political factors and public sentiment. Economic: Economic factors such as oil prices, market demand, and economic growth influence the demand for crude transportation services. Higher oil prices incentivize increased production, leading to higher demand for transportation services. Social: Social factors such as growing energy consumption, rising population, and changing consumer preferences impact the crude transportation market. The increasing demand for petroleum products from various industries and households drives the need for efficient transportation. Technological: Technological advancements have significantly improved the efficiency and safety of crude transportation. For example, advanced pipeline monitoring systems and leak detection technologies help prevent accidents and minimize environmental impacts. Key Takeaways: 1: The Global Crude Transportation Market Size is expected to witness high growth, exhibiting a CAGR of 6% over the forecast period. This growth can be attributed to increasing oil and gas exploration activities, which drive the demand for efficient transportation solutions. 2: In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the crude transportation market. The region has a well-developed pipeline infrastructure and is a major producer of crude oil. Furthermore, the shale oil boom in the United States has contributed to the increased demand for crude transportation services. 3: Key players operating in the global crude transportation market include ExxonMobil Corporation, Royal Dutch Shell, Chevron Corporation, BP plc, TotalEnergies SE, ConocoPhillips, China National Petroleum Corporation, Saudi Aramco, Rosneft Oil Company, Valero Energy Corporation, Phillips 66, Marathon Petroleum Corporation, PetroChina Company Limited, Kinder Morgan Inc., and Enbridge Inc. These players are focused on expanding their pipeline networks, investing in advanced technologies, and improving operational efficiency to meet the growing demand for crude transportation.

[dsiddhant]

The global Offshore Pipeline Market is expected to grow from USD 14.8 billion in 2022 to USD 18.6 billion by 2027, at a CAGR of 4.7% according to...

[probablyasocialecologist]

“People need to understand that ‘growth’ is not the same as social progress.” Hickel is one of the leading lights in a growing post-growth or degrowth movement. Its proponents argue that economic success cannot be measured through the crude metric of gross domestic product (GDP) and that there needs to be a managed reduction in growth in carbon-intensive countries and industries. “Growth simply means an increase in aggregate production, as measured in market prices,” says Hickel. “So, according to GDP growth, producing £1m worth of teargas is considered exactly the same as producing £1m worth of affordable housing or healthcare.” Hickel says that what matters in terms of social progress is not aggregate production but the production of specific goods and services that are necessary for improving people’s lives and achieving ecological goals – and a reduction in overall growth in high-emitting sectors and countries. “Every time a politician says they want more economic growth, we need to ask: growth of what and for whose benefit?” Opponents of the post-growth movement counter that a shrinking economy would be socially destructive, leading to a rise in unemployment, a reduction in tax revenue and therefore less money available for public services. This, they argue, would lead to increasing levels of hardship and destitution, which is already hitting marginalised communities the hardest. However, economists in the post-growth movement say a planned and purposeful reorganisation of the economy would benefit the vast majority of people. According to their vision, this could entail an organised downsizing in production of things such as mansions, SUVs, industrially produced beef, cruise ships, fast fashion and weapons – all of which are profitable to capital but ecologically destructive. At the same time, there should be a massive increase in investment in what would benefit people the most, from healthcare, public transport and renewable energy to affordable housing, nutritious food and regenerative agriculture, which offer less profit but are also less ecologically destructive. Hickel says: “In high-income countries like the UK, we have absolutely massive aggregate output. But this output is mostly organised around what is profitable to capital – and beneficial to elite consumers – rather than what is necessary for the wellbeing of everyday citizens. So despite high production we still have widespread deprivation … More than 4 million children live in poverty, and you can see the misery on our streets when you walk around. It’s madness.”

27 August 2024

[zvaigzdelasas]

It comes almost a week after Benin President Patrice Talon called for relations to be swiftly re-established between his country and neighbouring Niger.

The West African regional bloc Ecowas had imposed sanctions on Niger following a coup on 26 July, which saw the military oust elected leader Mohamed Bazoum.

The measures have led to the closure of the border with Benin, which has seen a fall in revenues after the transport of goods to Niger via its ports was halted.

Goods for Niger represent 80 percent of the transit volume at the port of Cotonou.[...]

"This does not mean that the Ecowas measures are lifted," the commercial and marketing director of the autonomous port of Cotonou, Kristof Van den Branden, told RFI.

"These are only measures for the operations of the port of Cotonou.”  

Both Benin and Niger are also concerned about a giant oil pipeline that will allow Niger to sell its crude on the international market for the first time, via the Benin port of Seme.

28 Dec 23

[mariacallous]

The use of a covert “shadow fleet” by Moscow to transport oil in defiance of western sanctions will be a primary focus during discussions between US Secretary of State Antony Blinken and UK Foreign Secretary David Lammy in London this week. The talks are set to take place ahead of US President Joe Biden’s meeting with UK Prime Minister Keir Starmer in Washington.

According to The Guardian, Russia has been using older, uninsured tankers to move oil and liquefied natural gas outside the framework of western sanctions. These vessels operate without western insurance and have been involved in risky ship-to-ship oil transfers near international waters, including off the eastern coast of Sweden. This activity is part of an effort to bypass a $60-a-barrel price cap imposed by the West on Russian oil exports, a measure designed to limit Moscow’s revenues without causing a spike in global oil prices.

Despite the sanctions, a recent study by the Kyiv School of Economics revealed that Russia’s oil revenues reached $17.1 billion in July due to rising oil prices and insufficient enforcement of the price cap. The report also highlighted that while 307 tankers transported Russian crude from January 2023 to June 2024, only a small fraction of these ships have been sanctioned by the US, EU, or UK.

Efforts to disrupt this shadow fleet have been slow. In July, Starmer led an international call at the European Political Community summit in Blenheim to increase pressure on countries allowing these tankers to operate under their flags. However, the number of tankers evading sanctions has not significantly decreased.

The US and UK are expected to discuss further strategies to strengthen enforcement and pressure flag states, ports, and maritime industries to limit the fleet’s activities. One recent success saw Eswatini, a landlocked African state, dismantle its ship registry used for flagging tankers linked to this shadow fleet, following action from the International Maritime Organization.

Earlier reports indicated that Russia’s efforts to use the shadow fleet to bypass sanctions have led to a rise in illegal oil shipments. Studies showed that a significant portion of these tankers are registered in countries such as Panama, Liberia, and the Marshall Islands, with key destinations being India, China, and Turkey, reflecting a shift from traditional EU markets.

[imperialchem]

The Economic Impact of Paraffin Dispersant Exports:  A Global Perspective

In the modern oil and gas industry, paraffin or wax deposition has emerged as a significant challenge.  Paraffin, a naturally occurring hydrocarbon, can solidify in pipelines, tanks, and other equipment, leading to blockages that disrupt production and transportation.  The answer to this growing problem lies in the development and export of wax or paraffin dispersants, chemicals designed to mitigate wax build-up by keeping the wax particles suspended in oil.

India has established itself as a key player in the production and export of wax or paraffin dispersants, supplying global markets with these critical chemicals.  With the growing demand for oil, especially in emerging economies, the need for these dispersants continues to rise.  This blog explores the economic impact of paraffin dispersant exports, with a focus on India’s role as a key manufacturer, exporter, and supplier in the global market.

Understanding the Role of Paraffin Dispersants in the Oil and Gas Industry

Wax build-up in pipelines and storage tanks is a costly and time-consuming issue for oil producers worldwide.  Paraffin dispersants, also known as wax dispersants, are chemicals that prevent the solidification of paraffin by dispersing it into smaller particles, allowing it to flow with the crude oil.  This significantly reduces the risk of blockages in pipelines, maintains efficient flow, and ensures smoother operations in oilfields.

The demand for paraffin dispersants has increased over the past decade due to the global expansion of oil production, especially in regions with colder climates where paraffin solidification is more likely to occur.  As oil exploration and production continue to grow globally, especially in emerging economies like Africa, Latin America, and Southeast Asia, the need for reliable paraffin dispersants will only increase.

India:  A Leading Wax / Paraffin Dispersant Manufacturer

India has become a major hub for the production of wax dispersants.  As a wax dispersant manufacturer in India, the country is home to several companies that specialize in producing high-quality paraffin dispersants.  These companies have invested heavily in research and development to create efficient and eco-friendly dispersants that meet global standards.

Indian manufacturers benefit from a robust chemical production infrastructure and access to raw materials, making them competitive on the global stage.  The strategic geographic location of India also allows for easy access to key markets in Asia, the Middle East, and Africa, where oil production is booming.  Companies like Imperial Oilfield Chemicals Pvt. Ltd. have emerged as leaders in the production and export of wax dispersants, driving economic growth through international trade.

The Growing Importance of Paraffin Dispersant Exports

As a leading wax dispersant exporter in India, the country plays a critical role in supplying global markets with the chemicals necessary to ensure the smooth operation of oil and gas infrastructure.  The export of paraffin dispersants contributes significantly to India’s foreign exchange earnings, supporting the nation’s economy and positioning it as a key player in the global oil and gas supply chain.

India’s wax dispersant exports have found markets in oil-producing countries across the Middle East, Africa, Latin America, and Asia.  These regions are experiencing rapid growth in oil exploration and production, leading to an increased demand for chemicals that can enhance operational efficiency.  By providing high-quality dispersants at competitive prices, India has established itself as a trusted supplier on the global stage.

Economic Impact of Wax Dispersant Exports on India’s Economy

The economic impact of paraffin dispersant exports on India’s economy is multifaceted.  The growth of this industry has created jobs, generated foreign exchange, and driven innovation in the chemical sector.  Some key impacts include:

Job Creation:  The manufacturing and export of paraffin dispersants have led to job creation in both the chemical production sector and related industries, such as logistics and transportation.  This has helped boost local economies, particularly in regions where manufacturing facilities are located.

Foreign Exchange Earnings:  As a major wax dispersant exporter in India, the country generates significant foreign exchange earnings.  These earnings contribute to the overall economic stability of the nation, supporting investments in infrastructure, education, and healthcare.

Technological Advancements:  The increasing demand for high-quality dispersants has encouraged Indian manufacturers to invest in research and development.  This has led to innovations in the production of eco-friendly dispersants, enhancing the competitiveness of Indian companies on the global stage.

Trade Relationships:  Exporting paraffin dispersants has strengthened India’s trade relationships with oil-producing nations.  These relationships open doors to further collaboration and trade opportunities, particularly in related sectors such as oilfield services and equipment.

Diversification of the Economy:  The growth of the paraffin dispersant industry helps diversify India’s economy.  As the country becomes less reliant on traditional exports like textiles and agriculture, it builds a more resilient economy capable of weathering global economic fluctuations.

Challenges and Opportunities in the Global Wax Dispersant Market

While the global demand for paraffin dispersants is on the rise, there are also challenges that manufacturers and exporters face.  These include fluctuating oil prices, environmental regulations, and competition from other global suppliers.

Fluctuating Oil Prices:  The price of oil is a major factor influencing the demand for paraffin dispersants.  When oil prices drop, oil producers may cut back on production, leading to reduced demand for dispersants.  However, when prices rise, production increases, driving up the need for dispersants.  Indian manufacturers must be agile and responsive to these market fluctuations to remain competitive.

Environmental Regulations:  With increasing global concern about the environmental impact of chemicals used in the oil industry, there is a growing demand for eco-friendly dispersants.  Indian manufacturers are investing in the development of biodegradable dispersants to meet these regulatory demands.  This presents an opportunity for India to position itself as a leader in the production of environmentally sustainable chemicals.

Competition from Other Suppliers:  As a wax dispersant supplier in India, Indian companies face competition from manufacturers in other countries, particularly those in the United States, China, and Europe.  To maintain their competitive edge, Indian exporters must continue to focus on quality, cost-efficiency, and customer service.

The Future of India’s Paraffin Dispersant Exports

The future looks bright for India’s paraffin dispersant export industry.  As oil production continues to expand globally, especially in regions like Africa and Southeast Asia, the demand for dispersants will rise.  Indian manufacturers are well-positioned to meet this demand, thanks to their competitive pricing, innovative solutions, and established trade relationships.

In addition, India’s focus on sustainability and environmentally friendly dispersants will allow the country to capture a growing segment of the market that prioritizes eco-conscious products.  By staying ahead of global trends and continuing to invest in research and development, Indian companies can ensure long-term success in the global wax dispersant market.

Conclusion

India’s role as a wax dispersant manufacturer in India, exporter, and supplier is having a significant economic impact both domestically and globally.  The country’s ability to produce high-quality paraffin dispersants at competitive prices has positioned it as a trusted supplier in key oil-producing regions.  As the global demand for these chemicals continues to grow, India stands to benefit economically from its leadership in this critical sector.

From job creation to foreign exchange earnings, the export of paraffin dispersants is a vital part of India’s economic landscape.  By continuing to innovate and meet the demands of the global market, Indian manufacturers will play a crucial role in ensuring the smooth operation of the world’s oil and gas infrastructure.

[sonali2345]

Global Drilling Dynamics: A Comprehensive Overview of Directional Drilling Services Worldwide

Directional drilling is technique where multiple holes are dug from same surface. This form of digging is used by oil companies for accessing the reservoir of oil which saves the operational cost and done with less damage to the environment. The directional drilling has been a part of oil industry for a longer period.  The use of Directional Drilling has economic uses as well for the oil drilling companies because it has low maintenance and low equipment cost which is why it is preferred mainly.  With the rising demand for sources of energy, companies are investing huge amount into advanced methods for drilling services. Use of advanced tools and technique for the discovery for finding new reservoirs with minimum expense and drilling them to bring out maximum output. The market will be driven by increasing demand for energy, rapid industrialization.  

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COVID-19 Impact analysis 

The COVID-19 outbreak has highly impacted the oil & gases market. With rise in cases day by day, countries have been under complete lockdown. This resulted in low sales of automobiles and halt in industries such as airlines, transportation, and oil production.  

 The companies have to follow the lockdown protocol and shut down their production unit as per government rules and regulation. Also, because of shortage of labor and including their safety. Many ongoing projects have to be temporarily ceased with immediate effect. The oil & gas price and supply have been affected globally.  

Top Impacting Factors 

  The population is growing rapidly and so is the demand for energy. The demand is more from developing countries owing to increasing infrastructure and changing lifestyle of people. To cope with the demand, it has become important to discover new oil and gas fields, to meet the energy demand. Thus, the market has been expanding due to increasing investment. The fluctuating crude oil price in the global market oil field operators are cutting down their expenses in field operations. Also, the government is now strict on the oil & gas mining. In several regions, government has applied some rules and regulation regarding the safety of workers and environment. The companies have to submit a rough plan to the government about their drilling plans and environment safety measures which they are taking. Apart from this, the list of equipment to be used and an evacuation plan in case of emergency if anything happens. Before drilling to get the permissions can take time and slower down the production and increase in production cost, which is expected to   hamper the directional drilling services market. The increase in adoption of green energy sources will reduce dependency on oil & gas in the future is expected to affect the directional drilling services market. 

  Market Trends 

The growing investment in off-shore sector to find more reservoirs and increase the oil & gas production. This makes it the fastest growing segment into the market. Countries like China, America, and Russia have already invested, because the cost of offshore drilling has declined over the past few years. 

Currently the demand for coal, gases and fuels for transportation has been increasing due to globalization and urbanization, which needs the expansion of oil & gas industry and biggest market vendors such as China, Russia and the U.S. have increased their investment in search for oil fields. 

The increased use of energy has expanded the global oil & gas industry. They are mainly used for the purpose of transportation, power generation, and industrial use with many other industries. 

 Technological advancement which helps drillers to go into more depth and advancement of drilling tools with better visibility under the water, America is dominating the market because of their better technology. 

Countries which are largest consumer of oil & gas are China and the U.S.; they are investing more into renewable source of energy power generation to reduce carbon emission and their dependency on fossil fuels.  They are setting hydro, solar and wind power energy substation at a larger extent, which will affect the oil, gas and drilling market at a larger level. 

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Key Benefits of the Report 

This study presents the analytical depiction of the directional drilling services industry along with the current trends and future estimations to determine the imminent investment pockets. 

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the directional drilling services market share. 

The current market is quantitatively analyzed to highlight the directional drilling services market growth scenario. 

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.  

The report provides a detailed directio 

 Directional Drilling Services Market Report Highlights 

Aspects & Details  

By Drilling Technique 

Conventional Methods 

Rotary Steerable System 

By Service Type 

Rotary Steerable System (RSS) Logging-While-Drilling(LWD 

Logging-While-Drilling(LWD 

Measurement-While-Drilling (MWD) 

Motors (MUD Motors) 

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By Application 

Onshore Applications 

Offshore Applications 

By Region 

North America  (U.S, Canada, Mexico) 

Europe  (Russia, France, Germany, Italy, Spain, UK, Rest of Europe) 

Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) 

LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA) 

Key Market Players 

Weatherford International Plc, Jindal Drilling & Industries Limited., Schlumberger Limited, Baker Hughes Incorporated, Nabors Industries Ltd, Halliburton Company, Cathedral Energy Services Ltd, General Electric Oil & Gas, National Oilwell Varco 

[spookyskeletitties]

The Excellence of Gold Investing

Gold investing is a forever brilliant strategy of bringing in your money develop to get your future and that of your recipients. It is an exceptionally encouraging type of substantial investment that most investors would depend on. There are numerous click here to learn more thought processes behind gold investing. Anything the explanation for making these investments, there is no question that the frenzy for gold won't ever blur. Yet, what makes gold so unique?

The justification for why gold is viewed as one of the most valued assets is on the grounds that this metal remaining parts valuable regardless of anything else. Because of its many purposes and extraordinariness, the worth of gold can increment over the long haul most particularly when the stock for gold turns out to be scant. With this, gold can repay you adequately in any event, when the monetary emergency becomes overpowering. It is likewise utilized as an instrument to work out the monetary circumstance of a country. This is a dependable sign of worldwide market patterns with its strong impact over the progression of pay.

With the force of gold to impact the securities exchange it is nothing unexpected that gold in IRA will be extremely valuable for a striving retired person. Gold investing should be possible in two ways: First is by investing in actual gold like bullion coins and gold bars, second is by investing in gold endorsements and gold possessions. One of the numerous ways that investors invest gold in IRA is to have their IRA buy stocks from mining organizations. Investors breathe easy in light of the way that there are no duties engaged with gold investing.

Gold investing qualifies you for own gold bullion coins disseminated by different government firms. There are additionally numerous gold collusions that benefit from selling this valuable metal. A few affiliations contain gold vendors, gatherers, specialists and investors. Assuming you make a gold buy from banks you will get a store slip that shows the amount of gold you purchased alongside its comparing esteem. This valuable asset will be conveyed to you in crude structure. Gold gems can likewise be sold at a greater expense since they are by and large more refined and have higher stylish worth. Gold merchants commonly raise the value up to pay for the extra costs concerning gold investment. These incorporate stockpiling, transportation and protection which not set in stone by what the purchasers need.

Prior to making any endeavor to make your investment, it means quite a bit to know the basic exchanges to be made like the gold exchange and a rollover. An exchange of resources from an IRA account happens either by an immediate exchange or by a check which the IRA overseer keeps in touch with the IRA holder who then, at that point, stores his resources into another IRA account. This normally doesn't need the notice of the IRS. A rollover then again commits the caretaker to surrender the resources straightforwardly to another overseer. Besides, you likewise need to ensure you are making a business manage legitimate gold sellers to keep away from tricks that might actually kill your investments. Mindfulness is the key in making a decent and beneficial investment.

[exportimportproducts]

Export Import Products List

Exporting and importing products is a major part of the global economy. In 2022, the value of global merchandise trade was over $28 trillion. This means that businesses and consumers all over the world are exchanging goods and services on a massive scale.

There are a wide variety of products that are exported and imported, but some of the most common include:

Agricultural products: This category includes food crops, such as wheat, rice, and corn, as well as livestock and animal products, such as meat, dairy, and eggs.

Chemicals: This category includes a wide range of products, such as petrochemicals, pharmaceuticals, and fertilizers.

Electrical machinery and equipment: This category includes products such as generators, motors, and computers.

Food and beverages: This category includes processed foods and drinks, as well as fresh produce.

Machinery and equipment: This category includes products such as machine tools, engines, and construction equipment.

Manufactured goods: This category includes a wide range of products, such as textiles, clothing, and electronics.

Minerals and fuels: This category includes products such as crude oil, natural gas, and coal.

Other goods: This category includes products that do not fall into any of the other categories, such as furniture and toys.

Textiles and clothing: This category includes products such as yarn, fabric, and garments.

Transport equipment: This category includes products such as cars, trucks, and airplanes.

The specific products that are exported and imported vary from country to country. For example, the United States is a major exporter of agricultural products, machinery, and equipment, while China is a major exporter of manufactured goods and electronics.

Factors to Consider When Choosing Export Import Products

There are a number of factors that businesses should consider when choosing which products to export or import. These factors include:

Demand: Is there a strong demand for the product in the target market?

Competition: How much competition is there for the product in the target market?

Profitability: Is the product profitable to export or import?

Regulations: Are there any regulations that restrict the export or import of the product?

Logistics: How will the product be transported to and from the target market?

Benefits of Exporting and Importing Products

There are a number of benefits to exporting and importing products. For businesses, exporting can help to increase sales and profits, and it can also help to diversify the business's customer base. Importing can help businesses to access products that are not available domestically, and it can also help businesses to reduce costs.

For consumers, exporting and importing can help to lower prices and increase the availability of goods. For example, consumers in the United States can buy fresh produce from all over the world, and they can also buy electronics and other manufactured goods at lower prices because of imports.

Conclusion

Exporting and importing products is a vital part of the global economy. It helps businesses to grow and consumers to save money. If you are considering starting an export import business, there are a number of resources available to help you get started.

[midaodirectoryservices]

The Republic of the Marshall Islands (RMI) Companies

The Republic of the Marshall Islands (RMI), located in the Pacific Ocean, is known for its unique business and maritime environment. Although it might be a relatively small island nation, there are several companies incorporated in the RMI that are publicly traded on major exchanges like the New York Stock Exchange (NYSE) and NASDAQ. These firms have chosen the Marshall Islands for its well-established corporate laws, favorable taxation rules, and strategic geographic location.

One example of such a company is International Seaways Inc. (INSW), a major global tanker company. INSW is incorporated in the Marshall Islands and listed on the NYSE. The company operates a diversified fleet of crude and product tankers that deliver energy globally. International Seaways Inc. was founded with a commitment to safety, transparency, and reliable service, which remains at its core today.

Similarly, Navios Maritime Holdings Inc. (NM), a global, vertically integrated seaborne shipping and logistics company, is incorporated in the Marshall Islands and is listed on the NYSE. They specialize in the transportation and transshipment of dry bulk commodities, including iron ore, coal, and grain.

On NASDAQ, we have Costamare Inc. (CMRE), a leading international owner of containerships. Like the previous two, Costamare is incorporated in the Marshall Islands. The company provides marine transportation services worldwide by chartering its container vessels to liner operators under long, medium, and short-term time charters.

However, it’s important to note that while these companies are incorporated in the RMI, their physical operations are often based elsewhere, usually in global shipping hubs such as Singapore, Greece, or the United States. This setup is primarily due to the favorable corporate and tax structure offered by the Marshall Islands. Their listings on the NYSE and NASDAQ enable these companies to access the larger US and international markets for their financial operations.

Investors considering these stocks should always conduct thorough due diligence and consider the unique risks and benefits associated with companies incorporated in jurisdictions like the RMI. The listings provide an opportunity to invest in the maritime industry, often an indicator of global economic health, through companies tied to the Republic of the Marshall Islands.

More public companies registered in the Marshall Islands

[theculturedmarxist]

The West’s attempt to recruit large swaths of the global community to enlist for the sanctions war has decidedly failed, notes ‘The American Conservative’. Outside of the U.S., E.U., and a few close allies (i.e., economic dependents and military protectorates) such as Canada and Japan, practically no other countries have joined in, preempting any economic dogpile sought by the self-proclaimed defenders of democracy. Increasingly, transatlantic policy seems to be having the exact opposite effect.

As of June 9, Pakistan is the latest country to begin accepting large shipments of discounted crude oil from Russia, as much as 100,000 barrels a day. “This is the first ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation [sic],” announced Prime Minister Shehbaz Sharif.

In the present geopolitical landscape, such a move is perceived to be in direct defiance of Western efforts to obstruct Moscow’s revenues. The motive behind Islamabad’s shifted political and economic calculations is not difficult to decipher. Nor is it exceptional.

The International Energy Agency (IEA) reported that Moscow is now sending out 8.1 million barrels of oil a day, the highest number going back to April 2020. In January 2023, almost half of those shipments were destined for China and India, which have respectively increased as a proportion of Russia’s oil exports from 21 percent to 29 percent and 1 percent to 20 percent since January 2022.

Chinese oil imports alone jumped in May to the third highest level ever recorded. Beijing also recently issued a crude oil import quota of a whopping 62.28 million tons of allotments. This makes the total import quota amount issued by Chinese leadership 20 percent higher than that of the same time last year. At the same time, Beijing’s natural gas purchases continue to push upward, increasing 3.3 percent year-on-year in Quarter 1, with a 10.3 percent year-on-year increase in April of liquefied natural gas (LNG).

Just as important, if not more so, as the massive shifts in quantity and direction of the energy trade, however, are the size and scope of the joint initiatives—usually under the leadership of Moscow and Beijing — that continue to proliferate in opposition to Western-led international organizations.

The recent St. Petersburg International Economic Forum saw representatives of various economic groupings and cooperation organizations outside the Atlantic orbit meet to discuss greater interconnectivity, development collaboration, transportation corridors, as well as investment options for funding various cross border initiatives.

One of these groups is the Shanghai Cooperation Organization (SCO), which continues to focus on greater cooperation and integration with ASEAN nations. This year’s meeting included a notable presentation on the creation of a SCO investment bank to provide the capital necessary to facilitate such collaborative projects.

The BRICS organization featured prominently at the St. Petersburg forum as well. It also includes an important investment bank — the New Development Bank — that provides ready access to liquidity for its members, funds infrastructure projects, and facilitates increased industrial manufacturing. BRICS continues to grow in both clout and size.

A number of new countries applied for membership last year, including Iran and Argentina. 2023 has also seen membership bids from nineteen additional nations before an upcoming summit in Johannesburg this August. One of the most recent applications came from Egypt on June 14. Potential bids from important players in the energy market such as Venezuela (with direct support from Brazil’s President Lula) and the United Arab Emirates are also being discussed.

UAE President Sheikh Mohammed bin Zayed Al Nahyan traveled directly to the St. Petersburg forum in order to meet with Putin on June 16, where the two discussed their desire to build a closer relationship between the countries.

Gulf neighbor — and traditional U.S. ally — Saudi Arabia has to some degree also hedged its geopolitical bets. After refusing Biden’s phone calls in March of 2022 and denying his request to increase oil production to help lower international prices, Riyadh’s friendship with Washington has somewhat soured as of late. (Saudi Arabia also joined the SCO in March 2023, and is a potential candidate for BRICS membership.) In another move that will likely meet with the displeasure of its Western allies, Saudi Arabia additionally decided to move forward with further production cuts of 1 million barrels per day beginning in July.

Consider that, as discussed earlier, China alone has increased its trade with Russia by about 40 percent, and is set to reach a record $200 billion this year. Perhaps most importantly though, more than 70 percent of that trade has been settled in either yuan or the ruble, with the Russian central bank currently holding 40 percent of its reserves in yuan.

Pakistan has reportedly also paid for its new shipments of Moscow’s crude with Chinese yuan. Earlier in 2022, Saudi Arabia suggested the possibility of denominating its oil transactions with Beijing in the currency.

The present geopolitical system with all of its accompanying features is only made possible by the dollar reigning supreme as the world’s reserve currency. Champions of the present order faithfully hold that this system will be maintained indefinitely, guaranteed on the back of U.S. military might and Western economic dominance.

But the international environment is beginning to shift, as much due to the burgeoning economic alliances outside the confines of Western-backed international agencies as because of the policy decisions of those latter agencies and their U.S. patron. No recent move has acted as a greater accelerant to this shift than Washington’s decision to freeze and then seize the foreign currency reserves of the Russian Federation at the outset of the Ukraine war.

The weaponization of financial reserves has increased distrust in the present system to new heights. The end of dollar dominance may not be nigh, but it is a much more likely possibility than many in the West care to admit.

Russia has demonstrated that having an economy based on commodities and heavy industrial production matters more in today’s international environment than a narrow set of economic indicators such as annual GDP growth or per capita income. Should dollar dominance ever come to an end, this fact will be made painfully clear.

The United States and other Western countries have adopted an increasingly ideological perspective regarding the future course of economic development. Leaders choose to accept only information that aligns with their dogmatic beliefs.

A failure to remove its ideological blinders and comprehend political and economic conditions as they objectively exist will spell disaster for the Western bloc.

[tubetrading]

The Common Applications of ERW Pipes in Various Industries

ERW (Electric Resistance Welding) pipes are a type of seamless steel pipe that are widely used in various industries for their exceptional strength and durability.  These pipes are made by passing a steel strip through a series of rollers to form a tubular shape, and then welding the edges together using an electric current.  ERW pipes are preferred over other types of pipes because they are cost-effective, easy to install, and require low maintenance.  In this blog, we will discuss the common applications of ERW pipes in various industries.

Oil and Gas Industry: ERW pipes are extensively used in the oil and gas industry for their strength and durability.  They are used for the transportation of crude oil, natural gas, and other petroleum products.  ERW pipes are also used for drilling purposes, and for the construction of pipelines that carry oil and gas to refineries and distribution centers. 

Construction Industry: ERW pipes are commonly used in the construction industry for their strength and versatility.  They are used for the construction of buildings, bridges, and other structures, and are also used for the fabrication of scaffolding and other temporary structures. 

Water Supply Industry: ERW pipes are widely used in the water supply industry for the transportation of potable water and wastewater.  They are preferred over other types of pipes because they are resistant to corrosion and can withstand high pressure. 

Automotive Industry: ERW pipes are used in the automotive industry for the production of exhaust systems, suspension systems, and other components. They are preferred over other types of pipes because they are lightweight and have high strength-to-weight ratio. 

Agriculture Industry: ERW pipes are used in the agriculture industry for irrigation systems, as they can withstand high pressure and are resistant to corrosion.  They are also used for the fabrication of farm equipment and machinery. 

If you are looking for an ERW Pipe distributor in Gujarat, ERW pipe dealer in Gujarat, there are several reliable options available in the market.  Make sure to choose a supplier who offers high-quality ERW pipes that meet industry standards and specifications. 

In conclusion, ERW Pipe supplier in Gujarat  are an essential component in various industries for their exceptional strength, durability, and cost-effectiveness.  They offer several advantages over other types of pipes, making them the preferred choice for many applications.  If you are looking for ERW pipes for your industrial needs, make sure to choose a reliable supplier who can provide you with high-quality products at competitive prices.

[constructioandchemicalblog]

Engineering Plastic Market Trends, Key Players, DROT, Analysis & Forecast Till 2030

Engineering plastics are a group of plastic materials such as polystyrene, PVC, polypropylene and polyethylene, and others. These materials have superior properties such as higher impact strength, high abrasion, wear, and fatigue resistance. It has better mechanical and thermal properties. Engineering Plastics are expensive and are manufactured for special purpose applications only. These are usually thermoplastic materials. Hence these materials can be easily processed with conventional plastic processing machinery.

According to a recent study report published by the Market Research Future, the global market for engineering plastic is booming and expected to gain prominence over the forecast period. The Global Engineering Plastic Market is projected to be worth USD 115.10 Billion by 2030, registering a CAGR of 7.2% during the forecast period (2021 - 2030).

High growth in the automotive industry is the major factor driving the growth of the market. It has slightly similar properties to metals and is lightweight. Hence, these materials have been largely substituting some metal components in auto as well as industrial machinery and help in weight reduction. Additionally, the high demand for electronics and electrical appliances among the consumers also fuelling the growth of the market. However, higher costs, fluctuating prices of crude oil, and regulatory challenges regarding CO2 emissions are some factors that may hamper the growth of the market.

Market Segmentation:

The Global Engineering Plastic Market is segmented in MRFR’s report on the basis of Product, Application, and Region.

By Product, the market is segmented into polyamide, acrylonitrile butadiene styrene (ABS), thermoplastics, polyesters, polycarbonates, and others. Among these, the ABS segment accounts for the largest share on the basis of product due to the high demand for it. ABS is in high demand as it has properties such as chemical resistance, high-temperature resistance, mechanical potency, and several others.

Applications of Engineering Plastics are found in construction, electrical & electronics, automotive, consumer goods, and others. The automotive segment is the largest consumer of Engineering Plastic as they have extensive applications in the automotive industry. Used for the production of lighting components, connectors, and other automotive parts, Engineering Plastics is expected to witness increased demand from this segment due to the increasing demand for personal transportation vehicles.

Regional Segmentation divides the global market into North America, Europe, Asia Pacific, and the Rest of the World.

Global Key Players and Competition Analysis

The key players in the engineering plastic market are BASF SE (Germany), Covestro (Germany), Solvay S. A. (Belgium), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), LG Chem Ltd. (South Korea), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi

Browse the market data and information spread across 111 pages with 27 data tables and 15 figures in the report “Engineering Plastic Market Research Report - Global Forecast to 2030” in-depth alongside a table of content (TOC) at: https://www.marketresearchfuture.com/reports/engineering-plastic-market-2161

Contact us:

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New York, New York 10013

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Email: sales@marketresearchfuture.com

[kp777]

by Sammy Herdman

MongaBay

3 October 2022

The Uinta Basin is home to a diverse set of creatures from endangered black-footed ferrets to plants that cannot be found anywhere else in the world, such as the Uinta Basin hookless cactus and Graham’s beardtongue.

But the basin also sits atop pockets of crude oil and natural gas, which are being extracted: to transport these fossil fuels to the Gulf Coast, local governments and oil companies are planning to invest up to $4.5 billion to construct a new railway through it.

Although the project has been approved, construction hasn’t begun and it’s not too late for U.S. President Biden to keep his climate pledges and stop the new railway, a new op-ed argues.

This article is a commentary. The views expressed are those of the author, not necessarily of Mongabay.

The Uinta Basin, named after the Ute Tribe, is located in Northeast Utah and Western Colorado, about 200 miles from Salt Lake City. Streams from the Uinta mountains roll through the basin into a tributary of the Colorado River – supplying 40 million people with water throughout the drought-ridden West. Plants that cannot be found anywhere else in the world, such as the Uinta Basin hookless cactus and Graham’s beardtongue, flourish in the Uinta Basin. The ecosystem also harbors endangered species such as the sage grouse and black-footed ferret.

By all accounts, the Uinta Basin is a beautiful ecological haven. Unfortunately, however, it sits atop pockets of crude oil and natural gas, which are being extracted. To transport crude oil to the Gulf Coast where it will be refined, local governments and oil companies are planning to invest $1.5 to $4.5 billion to construct a new railway through the basin.

The Uinta Basin Railway is a proposed 88-mile stretch of train tracks that will blast through mountains, reroute 443 streams, bulldoze through endangered sage grouse habitat, appropriate private property and even fragment a roadless area in the Ashley National Forest. According to the U.S. Forest Service Chief, “a railway does not constitute a road.” The railway is projected to quadruple the region’s oil extraction from 85,000 up to 350,000 barrels of oil per day – resulting in an increase in air pollution, noise pollution, habitat degradation and a greater risk of water pollution, train derailments and wildfires. The region already suffers from chronic air pollution, falling below federal standards for ozone pollution set by the Environmental Protection Agency.

By quadrupling fossil fuel extraction in the Uinta Basin, construction of the railway is projected to increase U.S. carbon emissions by 1%. Escalating climate change will bring more wildfires and more drought to the region – at a time when the Biden administration should be actively trying to reduce carbon emissions to prevent further climate change-fueled catastrophes.

Uinta Basin is freckled with small cities and towns such as Vernal, Duchesne and Jensen. The region’s economic history can be summarized as a series of boom and bust cycles due to its reliance on fossil fuels. The whims of the Organization of the Petroleum Exporting Countries (OPEC) and the fluctuations of oil prices determine the quality of life for many people in the Uinta Basin. These fluctuations often send communities into periods of growth and stretches of economic depression that threaten small business and family security.

Proponents of the Uinta Basin Railway claim that its construction will diversify the economy of the region by connecting it to the global market. However, there is little evidence that the railway will be used to transport anything but oil to or from the region, especially because at least 130,000 barrels of oil per day will have to be transported to recoup the cost of construction. This will only cause harm and exacerbate boom and bust cycles.

[chemanalystdata]

Linear Alkyl Benzene (LAB) Prices | Pricing | Trend | News | Database | Chart | Forecast

Linear Alkyl Benzene (LAB) is a crucial raw material in the production of linear alkylbenzene sulfonate (LAS), a surfactant widely used in detergents and cleaning products. The pricing trends of LAB have significant implications for industries involved in the production of household and industrial cleaning agents, as well as other related sectors such as textiles, agriculture, and oil refining. LAB is a petrochemical derivative, and like many products in the chemical industry, its price is influenced by a variety of market factors, including crude oil prices, supply and demand dynamics, geopolitical issues, and production costs.

The global market for LAB is largely driven by demand from the detergent industry, which consumes the vast majority of LAB produced. LAB serves as a key ingredient in the formulation of both liquid and powder detergents, and as consumer demand for cleaning products continues to grow, the demand for LAB rises correspondingly. This close link between LAB prices and detergent industry trends makes LAB a sensitive commodity, highly influenced by seasonal fluctuations, macroeconomic conditions, and evolving consumer preferences. For instance, increased awareness about hygiene and cleanliness, especially in the wake of health crises such as the COVID-19 pandemic, has bolstered the demand for cleaning products, thereby influencing LAB prices.

Get Real Time Prices for Linear Alkyl Benzene (LAB) : https://www.chemanalyst.com/Pricing-data/linear-alkyl-benzene-lab-14

A major determinant of LAB prices is the cost of its primary feedstock: benzene and paraffins, which are derived from crude oil. Crude oil prices are notoriously volatile, fluctuating based on geopolitical tensions, changes in production levels by major oil producers, and disruptions in global supply chains. As crude oil prices rise, the cost of producing LAB also increases, leading to upward pressure on LAB prices. Conversely, when oil prices decline, LAB producers may experience lower production costs, potentially leading to price reductions. However, the relationship between oil prices and LAB prices is not always linear, as other factors such as refining capacity, transportation costs, and environmental regulations also come into play.

In addition to crude oil prices, the supply chain for LAB plays a critical role in determining its market price. LAB is manufactured in chemical plants, often located in regions where petrochemical production is concentrated, such as the Middle East, Asia, and the United States. Any disruption in these regions, whether due to natural disasters, political unrest, or logistical issues, can lead to supply shortages, driving up prices. Moreover, changes in refinery operations, plant maintenance schedules, and capacity expansions can all impact the supply of LAB, influencing its market availability and price.

Demand-side factors are equally significant in shaping LAB prices. The increasing use of LAB in industries beyond detergents, such as the agricultural sector for herbicides and the oil and gas industry for enhanced oil recovery (EOR) processes, has expanded the market base for this chemical. This broadening of LAB’s applications has added new layers of complexity to its pricing. While detergent manufacturers remain the largest consumers, the growing demand from other sectors creates additional upward pressure on LAB prices, particularly during periods of strong economic growth or when specific industries experience rapid expansion.

The global distribution of LAB production and consumption also has a significant impact on its price. Asia, particularly countries like India and China, is a major consumer and producer of LAB, driven by the large population and the growing demand for cleaning and hygiene products. As these economies continue to develop and urbanize, the demand for LAB is expected to rise, which could result in higher prices if supply cannot keep pace with the demand. In contrast, regions with more mature markets for detergents, such as North America and Europe, tend to experience more stable demand, although changes in consumer preferences toward eco-friendly and bio-based cleaning products could introduce new variables into the pricing equation.

Another important factor influencing LAB prices is the shift towards sustainability and environmental regulations. As governments around the world implement stricter environmental standards, particularly concerning emissions and waste management, LAB producers are being forced to adopt cleaner and more sustainable production processes. This transition can increase production costs, particularly in regions where regulatory frameworks are more stringent, such as the European Union. Compliance with environmental regulations can require significant investments in new technologies and equipment, which in turn can drive up the price of LAB. On the other hand, regions with more lenient environmental policies may enjoy a cost advantage, potentially leading to lower LAB prices.

Transportation and logistics costs also contribute to the overall pricing structure of LAB. Since LAB is a globally traded commodity, the cost of shipping it from production sites to end-users can fluctuate based on factors such as fuel prices, shipping availability, and port congestion. Any disruptions in global trade routes, such as those caused by geopolitical tensions or natural disasters, can lead to increased transportation costs, which are typically passed on to consumers in the form of higher prices.

In conclusion, the price of Linear Alkyl Benzene (LAB) is shaped by a complex interplay of factors, including crude oil prices, supply and demand dynamics, environmental regulations, and transportation costs. As LAB is a key component in the production of detergents and cleaning agents, its pricing is highly sensitive to trends in consumer behavior, particularly in emerging markets where demand for hygiene products is on the rise. Moreover, the ongoing push for sustainability and the tightening of environmental regulations are likely to introduce new cost pressures on LAB producers in the coming years. Keeping track of these factors is crucial for industry stakeholders seeking to navigate the volatile market for LAB and make informed purchasing and production decisions. As the global economy continues to evolve, so too will the factors influencing the price of LAB, making it essential for companies to stay agile and responsive to market changes.

Get Real Time Prices for Linear Alkyl Benzene (LAB) : https://www.chemanalyst.com/Pricing-data/linear-alkyl-benzene-lab-14

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[mariacallous]

Russia has been under a tightening international sanctions regime since the start of its full-scale invasion of Ukraine on February 24, 2022. A Western oil embargo has been an element of that pressure for more than a year now. And yet, Russia has still not seen a notable drop in domestic oil production, nor a significant decline in budget revenues from its sale. In response, the United States and the European Union are shifting their approach in order to crack down on illegal Russian shipments and the financial networks that facilitate them. When coupled with a drop in global demand for raw materials, these measures may finally begin to make a real impact on Russia’s federal budget — and, by extension, on Moscow’s capacity to continue prosecuting its war in Ukraine at its current level of intensity.

In December 2022, the European Union prohibited its members from purchasing Russian crude oil transported by sea. In February 2023, an analogous embargo went into effect against Russian oil products, which include diesel fuel and kerosene. However, in order to ensure that Western economies did not experience energy shortages, price ceilings were introduced. Thus, the brokers, shipowners, and insurers involved in servicing the maritime transportation Russian oil and oil products could continue to conduct their business legally so long as the product in question had been purchased below a certain price: $60 per barrel for oil, $100 per barrel for diesel, gasoline and kerosene, and $45 for fuel oil. In coordination with the EU, five other major Western economies — Australia, Canada, Japan, the United Kingdom, and the United States — pledged to abide by the same restrictions.

The scheme aimed to reduce the revenues of the Russian budget by reducing the profits it could reap from each barrel of oil it sold, and to do so without precipitating the kind of drop in global supply that could have caused prices on the world market to skyrocket (and thus allow Russia to reap massive profits by selling its products to customers that had not adopted the embargo). The results have been underwhelming.