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Opinion: Global Oil Supply More Fragile Than You Think

Green Car Congress

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. told the WSJ. “

Oil 150
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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content. The Russian ice-breaker fleet, operating in the northern sea route, is one example where nuclear power is fully adapted. Ship electrification and renewables.