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Dubai's DP World seeks $210.2 million in damages from Djibouti - documents

Dubai's DP World, one of the world's largest port operators, is seeking $210.2 million in damages from Djibouti's government in an ongoing legal battle over port concession rights, documents related to the dispute, seen by Reuters, showed. ....

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Saudi Jeddah Islamic port resumes maritime traffic after wind speed decreased - SPA

Saudi Arabia's Jeddah Islamic Port resumed maritime traffic on Sunday after the wind speed decreased, Saudi state news agency (SPA) said on Twitter. ....

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Oil demand drag takes toll on tankers, U.S. refiners

3 Min Read
LONDON/NEW YORK (Reuters) - U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources say.
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The global rollout of coronavirus vaccines and the expectation that government-offered stimulus packages will boost the world economy has raised expectations of a recovery in oil consumption. But fuel demand remains sluggish, keeping oil refiners under pressure and looking for ways to limit further losses.
The International Energy Agency, for example, does not expect oil demand to catch up with supply until about the third quarter. ....

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CERAWEEK-Petrobras sees biofuels as key for de-carbonizing transportation -CEO

By Reuters Staff
1 Min Read
March 2 (Reuters) - The chief executive of Brazil’s state-run oil company Petrobras, Roberto Castello Branco, said on Tuesday that biofuels, especially those for the aviation industry, will be key for “de-carbonizing” transportation in the years to come, a key goal for energy transition.
Brazil, a major corn and sugarcane producer, is also a large consumer of domestic ethanol, with pure gasoline supplies being a rarity. (Reporting by Gram Slattery and Marianna Parraga Editing by Chris Reese) ....

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Traders, including Trafigura, supply Mexico with emergency LNG - sources

3 Min Read
MEXICO CITY/NEW YORK (Reuters) - Oil trading firms, including Trafigura, are supplying Mexico with emergency cargoes of liquefied natural gas (LNG) to overcome a power crisis caused by interrupted U.S. natural gas supplies, three sources close to the purchases said.
FILE PHOTO: Trafigura logo is pictured in the company entrance in Geneva, Switzerland, March 11, 2012. REUTERS/Denis Balibouse
Mexico’s state-run power company Comision Federal de Electricidad (CFE) last week resorted to LNG imports as natural gas supplies from the southern United States, especially neighboring Texas, were hit by frozen pipelines and rocketing prices caused by a cold snap. ....

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