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Saudi Arabia Wants "Significant Growth" in Oil Output This Year

Amin H. Nasser says Saudi Aramco will boost capacity at its Shaybah oil field by 33 percent within "the next couple of weeks."

No Freeze and Saudi Arabia Losing The Price War Are the Immediate Fallouts of Naimi Dismissal: Iran

The Islamic Republic says discussing a freeze with OPEC in Vienna is now "unlikely" and the Saudis have "destroyed" $100 oil.

Bulk Carrier Crew "Trapped" in Fallout from Bunker Dispute

Termoil had DST Oslo arrested last week, claiming that about $460,000 is owed for a one year-old unpaid fuel bill and associated costs, including interest.

Iran to Hold Steady at Current Oil Output Levels, May Even Participate in Revived Production Freeze

Iran's deputy oil minister predicts there will be "more coordination" at the next OPEC meeting.

"OPEC is Dead" Says Official After Riyadh's Major Shift in Thinking Widens Cartel's Cracks

Riyadh is now mindful that the global market is experiencing a structural shift rather than a temporary trend.

Observers Question Whether Iran Has Truly Reached Pre-Sanction Output Levels

Some critics suspect the Islamic Republic is merely selling down inventory.

Saudis to Boost Asia Oil Price in Show of Confidence Over Demand

Analyst suggest the move is more evidence that the market is recovering.

Vladivostok April Bunker Sales Plummet 76% Year-on-Year

Data suggests the average stem size fell from 533 mt to just 177 mt.

Another Bunker Saving Hybrid Ferry Ready to Enter Service

The vessel is also fitted with four scrubbers.

Saudi/Iran Spat Means No Freeze Talks at OPEC June Meeting - But None Required Anyway, say Delegates

The delegates believe market improvements have rendered freeze talks unimportant.

Italy's Port of Augusta Tight on Low Sulfur MGO: Reports

While it is unclear when the port may be resupplied, one source is said to be expecting a cargo to arrive as early as the weekend.

Operations at Port Said's SCCT Terminal Halted After Fire

Operations are reported to have been halted Tuesday as a result of an electricity safety issue after a container ship hit a gantry crane, causing a fire.

Rotterdam IFO380 Edges Over $200/mt for First Time in Almost 6 Months

The key grade was last seen starting with a "2" on November 12, 2015.

Mediterranean Ports Get No Competitive Advantage From Lack of ECA: Report

The port authority also says transport to much of Europe via Northern European ports is "more sustainable" and cheaper than that of travel via Southern Europe.

Saudis Either Fearful of Oil's Future or Don't Have As Much Of It As Everyone Thinks: Analyst

The Saudi Aramco shares sale may be more of a shrewd divestment strategy than a means to diversify economically, says Caprock Group

Takoradi Bunker Terminal Construction Begins in Hopes of Creating New West African Bunkering Hub

Currently, the lack of bunkering services at the Takoradi Port means visiting vessels must travel to Nigeria or Cote d'Ivoire for refueling.

ICS "Strongly Criticises" Spanish Supreme Court Decision in Prestige Oil Spill Case

ICS says that, in light of the court's decision, it "fears that that the entire system of efficient compensation for oil spills could be put in serious jeopardy."

OPEC Exacerbates Global Oil Glut with Near Record High Output

Iran posted the biggest production increases in April at 3.40 million barrels per day.

MPs Back Call for Cold Ironing at New London Cruise Terminal

"Levels of air pollution are far too high in our capital," says MP.

IMB: Global Piracy Down, West African Violence Up

"Reports in the last quarter indicate unacceptable violence against ships and crews in the Gulf of Guinea, particularly around Nigeria," stated IMB's Director.

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