ACC & Tsuneishi Connect World’s Largest BIPV Project »

BEIJING, Aug. 4, 2017 /PRNewswire/ — The Tsuneishi Zhoushan Shipyard solar station, which was invested in and built by Asia Clean Capital Limited ("ACC"), has just been connected to the national grid. The system was installed on the rooftop of the Tsuneishi shipyard with a total capacity of 19 megawatts. Electricity generated by the solar station will be consumed by the shipyard for its offices and workshops.

The world's largest Building Integrated Photovoltaic (BIPV) power station — The original roofs of the workshops were due for replacement and BIPV panels were selected as the ideal solution. The old roof panels were removed and replaced by glass-coated PV modules fastened by aluminum alloy brackets and stainless steel fasteners. This ensures a light-weight and durable rooftop structure. Integrating the solar panels into the roof structure helps reduce the overall construction cost. Over seventy-two-thousand PV modules were installed and the lifetime total power output is estimated to be more than 418 million kWh. The project is not only the largest BIPV project in the world, but also the largest distributed solar station in Zhoushan City.

The world's largest shipyard solar station — Tsuneishi Group, with over one hundred years of history, was founded in Japan in 1903. The group is the sixth largest shipbuilding company in the world, with four shipyards currently — two in Japan, one in the Philippines, and one in Zhoushan, China. Tsuneishi Zhoushan Shipbuilding Co., Ltd. was established in 2003. The grid connection of Tsuneishi Zhoushan solar station marks the official operation of the world's largest shipyard solar station.

Long-term cooperation under ACC EMC model — Under the ACC cooperation model, ACC invests and owns the system and undertakes the design, construction, and long-term system maintenance during the contract period. The electricity generated by the solar system will be sold to the Tsuneishi Group at an agreed price to ensure operational savings throughout the lifetime of the system.

Green energy promotes ecological environment — Solar PV systems turn free solar resources to electricity. In addition to monetary savings, the system will significantly promote the local ecological environment. Each year during its 25-year life cycle, ACC's solar system can reduce approximately 5,841 tons of coal, 13,907 tons of CO2, 8.72 tons of SO2, and reduce approximately 25,700 tons of water consumption — compared to conventional coal-fired power stations.

About Asia Clean Capital

Asia Clean Capital Ltd. ("ACC") is a leading clean energy solutions developer that serves large multinational and domestic firms throughout China. Focused on rooftop solar projects, ACC invests 100 percent of the project costs and provides the design, engineering, equipment, government approvals, installation, and long-term maintenance of solar systems. All electricity produced is then provided to clients at agreed rates lower than when purchased from the local power grid. ACC's project sites are typically large production facilities with electric demand from one to twenty megawatts, existing clients including Nestle, Coca-Cola, Swire, COFCO, Wahaha, Danone, Volkswagen, SKF, Unilever, Andritz, WISCO, VAST, Fujitsu, Tsuneishi and others. The company has offices in Beijing, Shanghai, Tianjin, and Hong Kong.

Media & Investor Contact:+86-10-5869-1319 info@asiacleancapital.com

Photo – https://photos.prnasia.com/prnh/20170803/1913159-1-aPhoto – https://photos.prnasia.com/prnh/20170803/1913159-1-bPhoto – https://photos.prnasia.com/prnh/20170803/1913159-1-c
SOURCE Asia Clean Capital (ACC)

Written by Vicky Denton
August 3, 2017

IFS Named as Leading Provider of EAM Software for the Oil & Gas industry by ARC Advisory Group »

According to industry research and advisory firm ARC Advisory Group, IFS now holds the largest portion of the global Oil & Gas Enterprise Asset Management (EAM) market

WASHINGTON, Aug. 3, 2017 /PRNewswire/ —

IFS, the global enterprise applications company, has today been confirmed as the number one vendor of enterprise asset management (EAM) software for the Oil & Gas sector. This is the sixth consecutive year that IFS has been named as the global market leader by the industry research and advisory firm ARC Advisory Group.

The ARC "Enterprise Asset Management Global Market Research Study" found IFS continued to lead in its market share in the Oil & Gas sector. In light of a turbulent couple of years for the Oil & Gas industry, IFS has continued to provide solutions that enable customers not to just navigate but rather benefit from change. In addition, investments in its product proposition with innovations like IoT, that customers such as Songa Offshore are already benefiting from, further demonstrates IFS's adoption of technology with clear business benefits. This has attracted specialist IoT companies for the Oil & Gas sector, like The Marsden Group, to establish partnerships with IFS that will further grow the company's presence in the market.

Ralph Rio, Research Director for Enterprise Software, ARC Advisory Group said. "Using its component architecture, IFS selects components that are required for each customer's business processes and services. This approach allows IFS to provide an EAM solution that fits the client's specific asset and lifecycle management needs." He added: "IFS has demonstrated the importance of the Oil & Gas to its business with both product investments and by establishing key partnerships".

IFS customers in the oil and gas industry include Interwell, Bibby Offshore, Technip, Maersk Drilling, Maersk Supply Service, Rowan Companies, Odfjell Drilling, Babcock Marine, Heerema Fabrication Group, Archer, Apply Sørco, MIR VALVE, Rosenberg WorleyParsons, BW Offshore, Semco Maritime, VARD, PGS, Wellstream, ShawCor, Icon Engineering, Songa Offshore, Mermaid Marine and Trans-Northern Pipelines Inc.

Find out more about how IFS supports its Oil & Gas customers here.

CONTACT:

Anders Lundin, PR Manager for IFS Strategic Marketing and Communications.Phone: +46-8-58-78-45-00, press@ifsworld.com

Amanda Patton, Analyst Relations. Phone: +1-847-969-8919, amanda.patton@ifsworld.com

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/ifs/r/ifs-named-as-leading-provider-of-eam-software-for-the-oil—gas-industry-by-arc-advisory-group,c2321639

The following files are available for download:

http://news.cision.com/ifs/i/oil-and-gas,c2191898

Oil and Gas

SOURCE IFS

Written by Vicky Denton
August 3, 2017

Trina Solar Rated as a Top Module Manufacturer by an US Authoritative Organization »

BEIJING, Aug. 3, 2017 /PRNewswire/ — Recently, Trina Solar passed through the product certification test conducted by PV Evolution Labs ("PVEL" for short, a wholly-owned subsidiary of DNV GL), and was rated as a top performer in the Module Reliability Score Card Report 2017 issued by DNV GL.

DNV GL PVEL Product Qualification Program (PQP) is an integrated one incorporating module reliability and power generation performance tests. As the typical destructive test, this certification test comprises 2-4x IEC thermal cycling test, damp heat test, UV irradiation test, dynamic mechanical load test, humidity-freeze test, PID attenuation and hot spot test etc. PVEL test is much more rigorous than some basic tests such as IEC and UL tests in terms of both test conditions and sequence, thus it continues a huge challenge for product reliability.

DNV GL test is extremely authoritative in the industry. Trina Solar has been taking an active part in the DNV GL test since 2014. In this portfolio of tests, most modules from Trina Solar have successfully passed the tests on product reliability based on their power attenuation rates which are all less than 3%.

Trina Solar conducts rigorous quality control and more than 175 individual laboratory tests to ensure a high level of QA. Since PV module is an investment-oriented product with a long life cycle up to 25 years, the choose of a reliable company becomes necessary. As the most respected and reliable solar company, Trina Solar is devoted to providing clients with top quality products. Trina Solar's being rated as a top module manufacturer after passing through all tightened PVEL tests with excellent results.

"The result demonstrates the high reliability and quality of our products, meanwhile, it enhances our products' market competitiveness and help us earn clients trust." said Ms. Zhou Wei, Quality VP of Trina Solar, "looking into the further, we will continue to research and develop new products to meet customer's demand according to different applied scenario. We aim to lead the PV industry to benefit all humanity."

About Trina Solar Limited

Trina Solar Limited is a global leader in solar photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. For more information, please visit www.trinasolar.com. E-mail: press@trinasolar.com
SOURCE Trina Solar Limited

Written by Vicky Denton
August 2, 2017

325.6W! LONGi Solar’s 60 cell Hi-MO1 Module Demonstrated another Power Record »

SHANGHAI, Aug. 2, 2017 /PRNewswire/ — Recently LONGi Solar received a test report from TUV Rheinland that its latest 60 cell Hi-MO1 module achieved a power output of 325.6W under standard testing conditions (STC) with the conversion efficiency reaching 19.91%. This is another power record of Hi-MO1 series products achieved by LONGi Solar following the 316.6W record set at the end of 2016.

The module incorporates the monocrystalline PERC cells based on mass production technology with a 21.9% conversion efficiency. The test was completed at the TUV Rheinland Shanghai Lab on April 17, with the open circuit voltage and short circuit current reaching 40.79V and 10.160A respectively.

Hi-MO1, launched by LONGi Solar in 2016, is the only P-type monocrystalline module that promises a first-year power degradation within 2% in the industry, featuring high efficiency, low LID and high energy yields. It was awarded the TUV Rheinland "All Quality Matters" PV Module Energy Yield Simulation Award 2016 (MONO), with the simulated energy yields for five cities around the world ranking No.1 among all modules. The field test conducted at Sanya Base by State Key Lab of China Electric Apparatus Research Institute has also proved that the energy yield of Hi-MO1 module is on average over 3% higher than that of the conventional products.

Mr. Li Wenxue, President of LONGi Solar, emphasized, "LONGi Solar has always been committed to providing the most efficient products with the best quality and cost performance to end customers. We have been investing in R&D consistently, and achieved remarkable results in delivering higher and higher efficiency products. The 325.6W is a result of LONGi Solar's continuous innovation following our parent company LONGi Group's philosophy, and is also LONGi Solar's commitment to the industry. In the future, LONGi Solar will continue to accelerate the technological innovation, and make contributions to LCOE reduction and aim to achieve grid parity."

Photo – https://photos.prnasia.com/prnh/20170802/1912195-1
SOURCE LONGi Solar

Written by Vicky Denton
August 2, 2017

Aclara to Acquire a Majority Interest in General Electric Philippines Meter & Instrument Company, a Joint Venture Company with Manila Electric Company »

Acquisition Furthers Aclara Strategy of Targeted International Expansion by Providing Smart Infrastructure Solutions to ASEAN and APAC Customers

ST. LOUIS, Aug. 2, 2017 /PRNewswire/ — Aclara, a leading supplier of smart infrastructure solutions (SIS) to electric, gas and water utilities worldwide, has acquired GE's majority equity position in General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI), the market leader for electric meters in the Philippines. GEPMICI is a joint venture between GE and Manila Electric Company (Meralco), the largest electric distribution company in the Philippines.

As a result of the acquisition, Aclara will own a majority equity position in GEPMICI, which has offices in Taguig City, Metro Manila, the Philippines, and also supplies electric solutions in other ASEAN member countries and Japan. Meralco, which will maintain its current equity position in GEPMICI, serves over 6 million customers and covers 36 cities and 75 municipalities, including metropolitan Manila.

The acquisition of GEPMICI is an important part of Aclara's global strategy because the Philippines, as well as other ASEAN and APAC countries, are key markets for Aclara's continued international expansion.

"Holding a majority equity position in this joint venture enhances our global market leadership, as it is the gateway to expanding our international footprint into the growing ASEAN and APAC markets. This development further strengthens our ability to offer next generation smart meters through our broad meter portfolio," said Allan Connolly, president and CEO of Aclara.

"We look forward to bringing decades of technical expertise to a growing market that is beginning to embrace the benefits of smart meters and next generation Smart Infrastructure Solutions," added Connolly.

Aclara's expansion of its international business began with the 2015 acquisition of the electric meters business operating within GE Power's Grid Solutions subdivision as well as its 2016 acquisition of Tollgrade Communications Inc.'s smart grid sensor solution, the grid monitoring platform. The company also has recently opened offices in Bilbao, Spain and Cambridge, UK.

About Aclara Aclara, an affiliate of Sun Capital Partners, Inc., is a world-class supplier of smart infrastructure solutions (SIS) and services to more than 800 water, gas, and electric utilities globally. Aclara SIS offerings include smart meters and other field devices, advanced metering infrastructure and software and services that enable utilities to predict and respond to conditions, leverage their distribution networks effectively and engage with their customers. Meter Reading Holdings LLC operates three sister companies, Aclara Technologies, Aclara Meters, and Smart Grid Solutions collectively referred as Aclara. Aclara won a Frost & Sullivan Global Smart Energy Networks Enabling Technology Leadership Award in 2017 and was named a finalist in three categories of the Platts Global Energy Awards in 2016. Visit us at Aclara.com, follow us on Twitter @AclaraSolutions or read our blog.

About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a global private equity firm focused on identifying companies' untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in over 345 companies worldwide across a broad range of industries and transaction structures with sales in excess of $45 billion.

Photo – https://mma.prnewswire.com/media/541464/Makati_City_during_sunset.jpg Logo – https://mma.prnewswire.com/media/386124/Aclara_Primary_Logo.jpg

SOURCE Aclara

Written by Vicky Denton
August 2, 2017

/C O R R E C T I O N — APR Energy/ »

In the news release, APR Energy Delivers Backup Generation for South Australia, issued 1-Aug-2017 by APR Energy over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "as much as 276MW" rather than "adding more than 200MW" as originally issued inadvertently. The complete, corrected release follows:

APR Energy Delivers Backup Generation for South Australia

Mobile Power Plants to be Deployed in Just Weeks

JACKSONVILLE, Fla., Aug. 1, 2017 /PRNewswire/ — A newly signed contract with SA Power Networks installs APR Energy as the last line of defense against power outages in South Australia, adding as much as 276MW to the grid through the use of emissions-friendly mobile gas turbines at two sites. The plants should provide critical grid stability before December 1, 2017.

Logo – https://mma.prnewswire.com/media/378597/apr_energy_logo.jpg

"APR Energy is pleased to provide emergency back-up generation for South Australian households and businesses," said John Campion, chairman of APR Energy, a global leader in fast-track power solutions. "Ensuring that the people of South Australia have this critically needed power quickly will play an important role in mitigating the risk of blackouts and the need for load shedding during the peak summer months."

APR Energy's project will comprise the newest generation of GE TM2500 turbines, featuring the latest advancements in mobile turbine technology in the industry. The turbines will be connected to the South Australia grid at substations in Edinburgh and Lonsdale. The full turnkey project includes all installation, operations and maintenance, as well as transformation from 11kV to 66kV.

"This is another important step in South Australia taking charge of its own energy future," said Premier Jay Weatherill. "This solution will deliver long-term back-up generation for South Australia before this summer. Importantly, this solution will deliver more generation capacity than originally planned, while emitting less carbon pollution than Torrens Island Power Station" – a natural gas-power generating facility near the state capital Adelaide.

This is APR Energy's third project in Australia — the others being for Horizon Power and Hydro Tasmania — both relying on mobile gas turbines. APR Energy's turbine technology enables it to rapidly inject large blocks of power at the first sign of grid instability. Its turbines produce 94% lower NOx emissions, significantly less particulate matter and 20% less noise than the emissions-intensive diesel reciprocating engines typically found in the temporary power market, providing an environmentally friendly solution for South Australia.

About APR Energy

APR Energy is the world's leading provider of fast-track mobile turbine power, and has installed over 3,000MW of power capacity across more than 30 countries. Our fast, flexible and full-service solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company's website at www.aprenergy.com.

Photo – https://mma.prnewswire.com/media/540967/APR_Energy___Australia_plant.jpg

SOURCE APR Energy

Written by Vicky Denton
August 1, 2017

CNOOC Limited Announces BD Gas Field in Indonesia Commences Production »

HONG KONG, July 31, 2017 /PRNewswire/ — CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today the BD gas field in Indonesia has already commenced production.

Logo: http://photos.prnasia.com/prnh/20150819/8521505396LOGO

The BD gas field is located in Madura Strait at a water depth of approximately 55 meters. Main production facilities included one unmanned wellhead platform, one FPSO and four production wells. Currently, the gas field has 2 wells in production and its gas and condensate sales production is approximately 7,200 barrels oil equivalent per day. The gas field is expected to reach its Overall Development Program designed peak production of approximately 25,500 BOE per day in 2018.

Husky-CNOOC Madura Limited (HCML) is the operator of the Production Sharing Contract (PSC) for the BD gas field. Husky and CNOOC Limited each hold a 40 percent interest in HCML, while the remaining 20 percent interest is held by Samudra Energy.

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business strategy, whether the transactions entered into by the Group can complete on schedule pursuant to their terms and timetable or at all, the highly competitive nature of the oil and natural gas industries, the foreign operations, environmental liabilities and compliance requirements, and economic and political conditions in the People's Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the Annual Report on Form 20-F filed in April of the latest fiscal year.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

For further enquiries, please contact:

Mr. Yan CaoDeputy General Manager, Investor Relations DepartmentCNOOC LimitedTel: +86-10-8452-1417Fax: +86-10-8452-1441E-mail: caoyan@cnooc.com.cn

Ms. Iris WongHill+Knowlton Strategies AsiaTel: +852-2894 6263Fax:+852-2576 1990E-mail: hl.wong@hkstrategies.com

View original content:http://www.prnewswire.com/news-releases/cnooc-limited-announces-bd-gas-field-in-indonesia-commences-production-300496972.html
SOURCE CNOOC Limited

Written by Vicky Denton
July 31, 2017

Gulf Petrochem Group Closes US$150m Financing Deal »

DUBAI, UAE, July 31, 2017 /PRNewswire/ —

Notes to editors:

Financing provided by GCC based banks with syndication led by Emirates NBD
The raise will support the group's global operations to realise growth plans
The Group plans to tap the Islamic Finance and Sukuk markets in Asia with focus on Indonesia and Malaysia for future potential fundingGulf Petrochem Group (GP), has successfully raised US$ 150 million from a group of international and local financial institutions based in the GCC. In an environment of continued low global oil prices, the financing will be used to support the group's activities around the world.

(Photo: http://mma.prnewswire.com/media/538279/Gulf_Petrochem_Group.jpg )

The borrowing will take the form of an 8 year term loan which was provided by a syndicate of banks lead by Emirates NBD. IL&FS acted as the Financial Advisor.

National Bank of Fujairah will be the security agent for the financing. The participating banks are Al Ahli Bank of Kuwait, United Arab Bank, Bank of China, ICICI Bank, Mashreq Bank amongst others.

The loan was competetively priced with a spread over the London Interbank Offered Rate (LIBOR). Throughout the planning and syndication phases, GP worked closely with its stakeholders, IL&FS and the syndicate of banks.

A signing ceremony took place with high level representatives from the syndicate banks and GP's Group Managing Director Sudhir Goyel along with senior executives from GP in attendance.

Speaking about the deal, GP's Group Director, Prerit Goel said: "Amidst current market conditions it is a testament to our operations and business plans that we were able to raise this amount of capital. The banks involved have all expressed their admiration of our robust growth plans. As a group, we are determined to stay the course and to deliver on our long-term strategic ambitions." He went on to add, "Following the closure of this raise, we are currently studying to tap the capital markets with a strong focus on the Islamic finance and Sukuk market in Asia particularly, Malaysia and Indonesia.

Mr. Salah Mohammed Amin, Executive Vice President, Corporate Banking, Emirates NBD also added, "The positive response for this facility confirms the interest in key sectors in the UAE and the trust endorsed to Gulf Petrochem Group's strong financial position despite the difficult market conditions. Since the beginning of the year, we have arranged a number of syndicated loan transactions. This transaction further cements our footprint in the local market."

Sreehari Iyer, GP's Group CFO said: "The positive response we received from the banking community during our meetings was extremely welcoming. This competitive new source of funding will help us to achieve our global growth ambitions and showcases the financial trust in our business during these uncertain economic times."

About Gulf Petrochem Group

Gulf Petrochem Group is a leading player in the oil industry, specializing in Oil Trading and Bunkering, Oil Refining, Grease Manufacturing, Oil Storage Terminals, Bitumen Manufacturing, and Shipping and Logistics. Headquartered in United Arab Emirates, with a presence in South Asia, the Far East, Africa and Europe, Gulf Petrochem has emerged as one of the most well-established manufacturers and traders of petroleum products in major parts of the world.
SOURCE Gulf Petrochem Group

Written by Vicky Denton
July 31, 2017

ACC & Huali Group Connect 4MW Rooftop Solar PV »

WEIHAI, China, July 31, 2017 /PRNewswire/ — The Huali Weihai solar station, which was invested in and built by Asia Clean Capital Limited ("ACC"), has been connected to the national grid last Friday. The system was installed on the rooftop of the Shandong Huali Electric Motor Group Co., Ltd. with a total capacity of 4.05 megawatts. Under the terms of the solar power supply agreement, ACC will invest 100 percent of the system cost and will undertake the design, construction, and long-term system maintenance.

Electricity from the solar system will be provided to Huali at an agreed price to ensure operational savings throughout the lifetime of the system.

In addition to monetary savings, the system will make significant contribution to the local ecological environment. During its 25-year life cycle, the total electricity output of ACC solar system is approximate 103 million kWh, compared to conventional coal-fired power stations, the system can reduce approximately 32,279 tons of coal, 76,856 tons of CO2, 48 tons of SO2, and reduce approximately 143,464 tons of water consumption.

About Asia Clean Capital

Asia Clean Capital Ltd. ("ACC") is a leading clean energy solutions developer that serves large multinational and domestic firms throughout China. Focused on rooftop solar projects, ACC invests 100 percent of the project costs and provides the design, engineering, equipment, government approvals, installation, and long-term maintenance of solar systems. All electricity produced is then provided to clients at agreed rates lower than when purchased from the local power grid. ACC's project sites are typically large production facilities with electric demand from one to twenty megawatts, existing clients including Nestle, Coca-Cola, Swire, COFCO, Wahaha, Danone, Volkswagen, SKF, Unilever, Andritz, WISCO, VAST, Fujitsu, Tsuneishi and others. The company has offices in Beijing, Shanghai, Tianjin, and Hong Kong.

Media & Investor Contact:

+86 10 5869 1319info@asiacleancapital.com

Photo – https://photos.prnasia.com/prnh/20170728/1909217-1-a Photo – https://photos.prnasia.com/prnh/20170728/1909217-1-b
SOURCE Asia Clean Capital (ACC)

Written by Vicky Denton
July 30, 2017

ClipperData Responds To Saudi Oil Minister Khalid Al-Falih’s Statement On Finding “Credible Export Data” To Backstop New OPEC Export Claims »

ClipperData offers its Global Crude Weekly Report to serious oil market participants wanting granular global cargo data and intelligence

NEW YORK, July 27, 2017 /PRNewswire/ — ClipperData LLC, the global leader in real-time tracking of crude oil and petroleum product flows, today announced a no-cost trial of its Global Crude Oil Report to help serious market participants assess crude oil supplies at what could turn out to be a turning point for the oil market.

Logo – http://mma.prnewswire.com/media/511220/ClipperData_Logo.jpg

At the St. Petersburg meeting of oil producers, Saudi Oil Minister Khalid Al-Falih's said: "Exports have now become the key metric for financial markets, and we need to find a way to reconcile credible export data with production data in our monitoring."

"We have been almost alone in pointing to credible export data as the key metric all year, so we are happy to see the Saudi oil minister agrees," says Matt Smith, Head of Research for ClipperData. "Our cargo tracking data is both comprehensive and accurate. If you get this wrong by relying on the wrong source, it's a big problem for traders – and the market."

For those who wish to stay abreast of OPEC and other global crude oil flows and market-moving trends, ClipperData is offering a no-cost trial of its flagship Global Crude Weekly Report. This report details current and projected cargo flows – including Middle East exports to the U.S. – along with a host of trends, from OPEC to Venezuela to China.

For those participating in the Global Crude Weekly Report trial, ClipperData will make their senior analysts available to discuss current market trends and likely future U.S. imports, based on the "credible export data" Minister Falih is calling for.

Click here to request your no-cost three-week subscription to ClipperData's Global Crude Weekly Report.

ABOUT CLIPPERDATA

ClipperData, headquartered in New York City, holds exclusive partnerships with the U.S. Customs & Border Patrol and Inchcape Shipping Services, the world's largest port agent. ClipperData offers the industry's most comprehensive database of waterborne – oceangoing, inland barge, ship-to-ship and floating storage – flows of all crude oil and petroleum products worldwide. ClipperData delivers unrivalled real-time transparency: by ship, grade, API gravity, volume, load/discharge port and dock, along with consignee information. www.clipperdata.com

PRESS INQUIRIES, PLEASE CONTACT:David Francoeur, Chief Marketing Officer617 852 8868 • david.francoeur@clipperdata.com
SOURCE ClipperData LLC

Written by Vicky Denton
July 26, 2017

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