March, 2024
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The voluntary cuts by various OPEC+ members add up to a total of 2.2 million b/d.
OPEC+ Members to Extend Voluntary Crude Output Cuts Into Second Quarter
The Belize-flagged Rubymar sank on Saturday after taking on water for several days.
Bulker Rubymar Sinks in Red Sea After Houthi Attack
While the EUA market is currently looking depressed, a mass purchase by shipping companies next year could still prompt a spike, LSEG's Paula VanLaningham tells Ship & Bunker.
Don't Expect a Return to €100 EUAs Any Time Soon: LSEG
Ship & Bunker's G20-VLSFO Index was little changed at $662/mt on Thursday, remaining at the highest level since February 23.
BUNKER PRICES: G20-VLSFO Index Holds Steady
Matthew Kenney is joined by Sotiris Meklis, Regional Manager, Chevron Marine Lubricants, to look at the year ahead.
VIDEO: Sotiris Meklis on the year ahead for Chevron Marine Lubricants
February, 2024
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Meanwhile, a global oil demand forecast for 2024 is revised downward.
Demand Fears, OPEC Increasing Output Cause Oil Prices To Decline
The firm has ordered four dual-fuelled 210,000 DWT bulkers capable of running on ammonia from CSSC Beihai Shipbuilding in China.
Singapore's EPS Orders Ammonia-Fuelled Bulkers
Shipping firms will be able to buy EUAs from Vitol's carbon desk through the ZeroNorth platform.
ZeroNorth Teams Up With Vitol for EUA Procurement
Ship & Bunker's G20-VLSFO Index rose to the highest level since February 23 on Wednesday.
BUNKER PRICES: G20-VLSFO Index Advances for Second Session
Meanwhile, crude consumption growth in China is set at a measly 1 percent.
Oil Mixed As Fed Cut Delays Trump Expectations Of Tight Market Into Summer