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Saudi Arabia Denies a Proposed 5% Production Cut With Russia; No OPEC Meeting Planned

Four unnamed OPEC delegates say Russia's overture to the cartel is news to them.

Iran Will Win Back its Share of OPEC Production "At All Costs"

The Islamic Republic says it is well-primed to export at a profit despite rock bottom prices.

Russia Resolves to Talk with Saudi Arabia About OPEC Oil Output

Russia's willingness to negotiate is despite a stated difficulty in achieving output cuts.

Mercatus Energy Advisors Open Denmark Office, Announce New VP for EMEA

Former OW Bunker risk advisor, Morten Elgkjaer has been named Vice President of Mercatus Energy Advisors - EMEA, based out of Copenhagen.

Bunkering Set to be Hit by More Strike Action at Greek Ports

Port workers are reported to be set to strike from Wednesday at 6 a.m. local time until Friday at 6 a.m.

Lukoil CEO Downplays Iran's Ability to Impact Oil Markets

"All of Iran's oil producing equipment needs to be modernized, its oil fields require investment," says Lukoil chief executive Vagit Alekperov.

Repairs and Upgrades for UK Bunker Tanker

The work also include repairs for a blown out cylinder.

Gulf Petrochem Announces Fujairah Terminal Expansion Project to Begin in April 2016

The expansion will increase terminal storage capacity by 243,280 cbm, bringing the Fujairah terminal's total capacity to 655,280 cbm.

Rotterdam Low Sulfur Bunker Sales "Almost Tripled" in 2015

The increase in the sales of gas oil and diesel is said to have come at the expense of the sales of fuel oil, which fell by 1.1 million m3.

Russia May Undertake Run Cuts on Falling Fuel Oil Prices: Reports

But a Russian trader argues that this solution is not easy to enact.

Orkney Islands Receives New Low Sulfur Bunkering Service

The new service is said to provide flexibility to the market for a wide variety of ship types, allowing vessels to bunker alongside and at anchor.

Malta Says it is Falling Short of its Potential in Mediterranean Bunker Market

"There are other countries in the Mediterranean that are in a less strategic position and are growing in this industry more than we are," says official.

Piraeus Strike to Hit Bunkering

Tightness and loading delays are expected for the rest of the week.

Cockett Marine Oil Strengthens Rotterdam Trading Team

"The appointment will enable the Group to increase its customer business in Europe with a special focus on North Europe," says COO Cem Saral.

Arte Bunkering Adds Three Traders to Hamburg Office

Oliver Grunau, Karsten Kurth, and Christopher Seviour have all joined as Bunker Traders.

Rotterdam Throughput Grows by 4.9% in 2015 to Reach Record Level

Port officials attribute the "significant growth" to the increase in crude oil and oil product throughput, with containers and dry bulk both down.

Saudi Arabia's Oil Strategy Causing "The Worst Internal Crisis" in OPEC's History

CNN Money editor portrays the cartel as "deeply divided" and on the verge of mutiny.

Krasnoyarsk to Develop New Russian Bunkering and Storage Complex at Kamchatka

The 18,000 tonne capacity complex represents a $3.65 million investment by Krasnoyarsk LLC.

As Crude Prices Plummet, OPEC Members Yet Again Disagree on Need to Hold an Emergency Meeting

Nigeria once again anticipates a meeting in first quarter, and once again other members say there is no emergency.

Connect LNG Receives Grant for Universal LNG Bunkering System Development

Grant approval has been received from Innovation Norway's Environmental Technology fund in support of the company's LNG transfer system.

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