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Latest Prediction of $60 Oil Is Undercut by Warning That a Drop to the $30s Will Occur in 2018

Latest Prediction of $60 Oil Is Undercut by Warning That a Drop to the $30s Will Occur in 2018

T. Rowe Price New Era Fund manager says too much production is going on to truly boost prices.
  1. 20Jan
    The new ZR range is said to feature high pressure ratios that enable the turbochargers to offer reduced fuel consumption. Read in Full
  2. 20Jan
    Sealand Los Angeles is noted to be the first of four ships chartered by SeaLand slated to be converted to use AMP in early 2017. Read in Full
  3. 20Jan
    OOIL today released a statement that, along with OOCL, it "is not aware of, nor is it involved in any bid relating to the company or OOCL." Read in Full
  4. 20Jan
    "We have appointed valuable new team members who are integrating well," says Cem Saral, Group Chief Executive Officer for Cockett Group. Read in Full
  5. 20Jan
    Field Upgrading says it is working toward a 2,500 bpd demonstration facility for low sulfur fuel in the industrial area northeast of Edmonton, Alberta. Read in Full
  6. 20Jan
    The new appointments follow a general meeting held on Wednesday January 18, 2017, in Istanbul, the association has told Ship & Bunker. Read in Full
  7. 20Jan
    Malaysian plans to develop a $45 billion industrial port city at Carey Island could be completed as early as 2025. Read in Full
  8. 20Jan
    The 1997-built Ambassador was arrested Thursday following action by Gurbani & Co LLC. Read in Full
  9. 20Jan
    A source close to the matter says the discussion has been ongoing "for months." Read in Full

Latest Bunker Prices See All Bunker Prices

IFO380 IFO180 MGO
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 320.50 4.50 367.00 3.00 512.50 0.50
Global 20 Ports Average 340.50 2.50 364.50 4.00 543.50 1.50
Global Average Bunker Price 361.50 1.50 378.00 4.00 604.00 2.00
Singapore 341.00 3.50 356.00 9.50 500.50 0.00
Rotterdam 306.50 5.00 341.50 1.00 465.50 1.00
Fujairah 329.50 7.00 359.00 0.00 559.50 0.00
Houston 306.00 2.00 412.50 0.00 524.50 0.00
Busan 381.50 1.50 397.50 8.00 535.50 2.00
Colombo 375.00 5.00 385.00 5.00 530.00 10.00
Durban - 351.00 2.50 566.50 0.00
Gibraltar 325.00 2.50 343.50 1.50 519.00 2.50
Hong Kong 356.50 1.00 365.50 1.50 511.50 3.00
Istanbul 350.50 3.00 359.50 7.50 545.00 2.00
LA / LB 355.00 3.00 386.00 0.00 543.50 1.50
Las Palmas 326.00 5.50 340.50 4.50 523.50 0.00
Mumbai 355.00 0.00 - 670.00 0.00
New York 333.00 4.00 362.00 0.50 506.00 4.50
Cristobal, Panama 323.00 1.50 353.00 0.00 529.00 5.00
Piraeus 328.50 2.50 348.00 2.00 509.50 0.00
Santos 323.00 6.00 354.50 6.00 702.50 3.00
Shanghai 382.50 4.50 453.50 0.00 623.50 3.00
St Petersburg 288.50 2.50 307.50 1.50 461.50 0.00
Tokyo 381.00 0.00 382.50 3.00 -