Americas News

Fear Over U.S. Taking Advantage of OPEC Extension Prompts Crude Price Dip

However, predictions of a U.S. drawdown caused prices to escalate in Asian trade early Tuesday.

5 Dec 2017

Curoil Adds Trinidad & Tobago to its Offshore Bunker Supply Locations

The new supply location comes in addition to its existing operations in Curacao, Bonaire, and Aruba.

4 Dec 2017

NBD Sees Oil at $56 Next Year Amid Questions Over Oil Demand Dynamics

U.S. shale dominance and the rise of electric vehicles are two factors on the minds of analysts.

29 Nov 2017

Wartsila to suppy LNG-fuelled tug/barge with equipment

Vessel operational in 2020 and on charter to Shell

28 Nov 2017

OPEC Should Consider Raising Production to Prevent Market Being Flooded with Fracked Oil, Says Analyst

Crude needs to stay below $60 in order to keep the U.S. at bay, he says.

22 Nov 2017

Bigger Ships Bulk up Bunker Demand in Panama: Petroleum Argus

Bunker demand rises in first nine months of 2017

22 Nov 2017

Despite Anticipation Building over OPEC Meeting, Crude Prices Will Be Capped by Rising U.S. Shale: Analysts

Others note that the OPEC extension has already been priced in, thus preventing a bullish breakout.

21 Nov 2017

Peninsula Expands Houston Bunker Operations with New Storage Agreement

Move is the latest step in converting its remaining light physical operations into a full physical model in the Americas, says Peninsula.

16 Nov 2017

Petrobras CEO Forecasts $55-$65/bbl Oil And Says Brazil Could Be On The "Winner's Side" Of A Tough Market

RJO Futures, on the other hand, sees oil range bound at $50-$55.

16 Nov 2017

US Shale Predicted to Be Global Crude Production Leader as OPEC Ups Oil Cutback Rhetoric

The IEA believes the U.S. will achieve world dominance by 2025.

14 Nov 2017

With Predictions of $80/bbl crude by Christmas, Shale is "Off to the Races" at Just $60/bbl

However, geological problems and quality issues could compromise the upward trajectory.

10 Nov 2017

More Indications of Global Glut Clearing as Venezuelan Oil Production, Quality, Continues to Deteriorate

But crude prices on Friday, while dropping, are still near two year highs.

10 Nov 2017

OPEC Cutback Deal May Be a Windfall for Struggling Global Shippers: Broker

The cuts are raising demand for previously little-used U.S.-Asia routes, say experts.

10 Nov 2017

Shell to Supply Bunkers to Carnival Cruise Line's LNG-Powered Newbuilds

The deal is related to Carnival Cruise Line's two new LNG-powered ships, set to be launched in 2020 and 2022, and homeported in North America.

8 Nov 2017

OPEC Acknowledges U.S. Shale Dominance, but Morgan Stanley Says It Will Struggle to Meet Rising World Demand

Both parties, however, agree that the world's dependence on fossil fuels will endure for decades.

8 Nov 2017

Panama Posts Another Quarter with 1 Million+ MT in Bunker Sales as Q3 Bunker Volumes Rise 9%

Panama has now recorded over 1 million mt in bunker sales for the last four consecutive quarters.

8 Nov 2017

Damen Set to Design and Build Two Canadian Hybrid-Ready Ferries

The two ferries are set to operate in Canadian waters of the Great Lakes, serving Amherst Island and Wolfe Island.

7 Nov 2017

Shell Signs Long-Term Charter Agreement for U.S.-Based LNG Bunker Barge

The 4,000 cbm bunker barge will be owned and built by Q-LNG Transport and operated by Harvey Gulf.

7 Nov 2017

US Tech Firm Augments Scrubber Systems to Meet Future Emissions Rules

EnviroCare International says units developed from shipowner feedback

6 Nov 2017

Crude Hits Two Year High, but Wells Fargo Predicts Bearish Prices Will Continue for Another Decade

But the good news for crude is that long term consumption will be vigorous, says one analyst.

3 Nov 2017