July, 2020
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The spill is reported to have happened at about 2 AM local time on Tuesday.
Fuel Oil Spill Reported in Panama
Market chatter indicated the move came as a surprise to some in the bunker industry, after strong Q1 marine results.
Several Layoffs Reported at World Fuel Services
June, 2020
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The virus is said to be causing energy giants to reposition their investments.
Relentless Covid Headlines Cause Oil To Dip, Traders To Worry About A Stalled Economic Recovery
This year's quiet summer cruise season is having a significant effect on bunker sales at Vancouver.
'Absolutely Brutal' Drop For Vancouver Bunker Demand
The latest outlook from the National Retail Federation's Global Port Tracker expected a year-on-year decline of container imports of 14.6% for May.
First Glimpse of Weak May Container Trade in US
Still, analysts chart a definite path to economic recovery.
Covid, Inventory Numbers Spook Traders, Cause Crude To Drop Over 5 Percent
The company's US unit originally imposed an 'operational pause' for 30 days from March 13, and has since extended it three times.
Cruise Firm Carnival Extends 'Operational Pause' to September
But Deloitte warns that consolidation will be the deepest the industry has ever seen.
Analytical Expectations of a Pullback Are Defied As Crude Prices Climb Again
Meanwhile, Vitol is bullish about a robust recovery.
Oil Prices Rise Yet Again, Defying Concerns About Coronavirus Spikes