September, 2017
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"Today if you order a $15 pizza online you will get more information about its delivery than you will if you order a $1.5 Million bunker stem," Oilfront's Danny Soos writes for Ship & Bunker.
Three Reasons Why We Need to Embrace Technology in Bunkering Now
But it's anyone's guess what will ultimately move prices away from their range-bound status.
Crude Makes 3rd Straight Weekly Gain Despite OPEC Deferring Talk of Cutback Extension
Meanwhile, Russia is calling for a longer-term oil strategy going into 2018.
Libyan, Nigerian Output Along With Cutback Extension Downplayed in OPEC Meeting
The plan - part of a larger strategy to support the transition to LNG - is valued at RUB 94.69 billion ($1.63 billion) from 2018 to 2022.
Russia Promises New Funding in Support of Transition to LNG Bunkers
The Baltic Dry Index gained 32 points today to reach 1502 - the first time the index has been above 1500 since April 24, 2014.
Baltic Dry Index Breaks Above 1500 for the First Time in Over Three Years
The hybrid power solution is support compliance with environmental regulations while also reducing operating costs through reduced fuel consumption.
SEACOR Marine PSV to Receive Upgrade with Hybrid Power Tech
The "highly energy-efficient" LNG-fuelled dry cargo vessel was named Haaga during a ceremony at the Jinling shipyard in Nanjing, China.
ESL Shipping Marks Naming of Second LNG-Powered Newbuild
However, the cartel will reportedly consider export tracking to assess compliance.
Mixed Signals About Extension Talks Come in Advance of Friday OPEC Meeting
The fear now is that rising prices will inspire less OPEC cutback compliance.
OPEC Unease Keeps Crude Prices Flat Despite Further Signs of Declining Inventories
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 14 – September 20, 2017.
Weekly Vessel Scrapping Report: 2017 Week 36