Americas News

US Crude Hitting 3-year High Triggers More Worry Over Market Sustainability

Meanwhile, U.S. drillers reported to have activated the most new rigs in a week since March.

26 Jan 2018

Eni CEO Says Politics Are Driving Oil Prices as Brent Touches $71/b

He also worries that even U.S. shale won't be able to offset depleting inventories and satisfy growing demand.

25 Jan 2018

Crude Gains Trigger More Worries That Prices Are Either Not Sustainable or Will Climb Even Further

One expert argues that a price range of $55-$65 is ideal.

24 Jan 2018

Peninsula Petroleum: New Los Angeles and Long Beach Operation Now Fully Launched

New operation expected to add over a million tonnes to its business, Alex Lyra, Global Head of Supply and Trading, tells Ship & Bunker.

24 Jan 2018

Friday Crude Losses Herald "Choppy Trade, Volatile Prices" for 2018: Analyst

The dissipation of investor exuberance will bring Brent closer to $60, says Vandana Hari.

19 Jan 2018

OPEC Sees Plummeting Venezuelan Output Offsetting Rising U.S. Production

Meanwhile, a discrepancy in Venezuelan output figures seems to be a sign of desperation from its socialist government.

18 Jan 2018

Three New Bunker Barges Added to Petrobras Fleet

The barges are intended to support IFO and MGO delivery operations at the ports of Vitória, Praia Mole, and Tubarão.

18 Jan 2018

High Oil Prices Spell Trouble for European Refineries as Analysts Ponder if OPEC Cutback Deal is Working Too Well

But IEA's Birol is confident that rising output will help push down prices.

18 Jan 2018

Oil Prices Fall Back Tuesday but Demand Still Seen Supporting $70/bbl

However, one expert warns that neither the OPEC cuts nor demand are strong enough to sustain the high crude prices.

16 Jan 2018

Petrobras Adds 7 New Bunker Barges in Santos

The new vessels comprise six IFO barges and one MGO barge.

15 Jan 2018

Oil Tech Firm IUT On-Track for Commercial HFO Desulphurization Unit by mid 2018

"There is no chemical reason for us not to achieve very high levels of desulfurization with heavy feed stocks," IUT's Engineering team lead, Dr. Pedro Pereira, tells Ship & Bunker.

12 Jan 2018

Analysts Say Brent Breaking $70/bbl Is The Limit - But Producers And Investors Remain Bullish

$70 oil is forecast for the rest of the decade.

11 Jan 2018

Venezuela, Trump Cited as Geopolitical Wildcards That Could Lift Oil Prices to $80/bbl

Citigroup is one of several analysts predicting market chaos this year.

11 Jan 2018

Continuing Crude Rally Causes More Worry About U.S. Shale Growth and Predictions OPEC Will Rethink Cutback Strategy

It is said the cartel will try to talk prices down if oil tops $70.

10 Jan 2018

Monster Crude Draw Causes Prices to Skyrocket Despite Forecast that U.S. Production Will Match Saudi Arabia, Russia

Analysts think demand will still outpace non-OPEC supply growth.

9 Jan 2018

More Concern About Undersupplied Crude Market in Wake of OPEC Achieving 128 Percent Cutback Compliance

Relatively ignored is the fact that cutback cheaters are more active than ever.

5 Jan 2018

Panama's 2017 Bunker Sales Break 4 Million MT

The performance means the port has now improved on its 2016 annual total with a month of data still to come.

5 Jan 2018

Great Lakes Vessel to Receive "Highly-Efficient" Rolls Royce Propeller Blades for Bunker-Savings

The project is part of a $65 million push by U.S.-flag Great Lakes vessel operators to maintain and modernise their vessels this winter.

5 Jan 2018

Crude Surges Amid More Warnings of an Imminent Price Drop

But as usual, the warnings are countered by predictions of crude hitting $80 this year.

3 Jan 2018

Oil Makes Strongest Start to the Year Since 2014, But Moody's Says Prices are Heading Down From Here

Fundamentals-focused Barclays adds that U.S. shale growth bears close monitoring.

2 Jan 2018