World News

Oil Breaks $80 As Hezbollah Strikes Haifa

Analysts continue to debate outcomes, worst-case scenarios

8 Oct 2024

SIBCON 2024: DNV Launches New Company for FuelBoss Bunkering Platform

The new firm, Ofiniti, will operate as a standalone unit and the new name for FuelBoss.

8 Oct 2024

SIBCON 2024: Delegates Arrive for World's Largest Bunkering Event

2022's iteration involved more than 1,800 participants from more than 60 countries.

8 Oct 2024

INTERVIEW: World Fuel Services Promotes Benefits of Bunker Additives

Based on a rough straw poll of its larger customers, World Fuel estimates about half of them are using additives in their fuel at least some of the time, the company tells Ship & Bunker.

7 Oct 2024

BUNKER PRICES: G20-VLSFO Index Jumps to One-Month High

Ship & Bunker's G20-VLSFO Index gained $12/mt to the highest level since September 5 on Friday.

6 Oct 2024

Israel/Iran Hostilities Cause Oil to Notch Biggest Weekly Gain In Over A Year

Meanwhile, analysts disagree about the state of the oil market.

4 Oct 2024

MFA Members Discuss Bunker Industry's Future at London Workshop

The MFA's inaugural bunker workshop, arranged in collaboration with Ship & Bunker, saw about 40 industry representatives gather in London on Thursday for a series of discussions on the problems facing bunker suppliers.

4 Oct 2024

Peninsula to Charter Three New Methanol Tankers From HTM

The ships will be able to deliver both biofuel blends -- up to 100% in biofuel content -- and methanol.

4 Oct 2024

BUNKER PRICES: G20-VLSFO Index Slips Despite Surge in Crude

Ship & Bunker's G20-VLSFO Index lost $0.50/mt to $603/mt on Thursday, having reached the highest level since September 25 the previous day.

4 Oct 2024

Middle East Tensions At "Highest Level," Oil Skyrockets

SEB predicts that oil could surge to $200 if Israel attacks Iran infrastructure.

3 Oct 2024

Crude Futures Spike as US Discusses Potential Israeli Strike on Iranian Oil

ICE December Brent futures traded at $76.54/bl as of 3:27 PM in London, up from $73.90/bl at the previous day's close.

3 Oct 2024

Weekly Vessel Scrapping Report 2024: Week 39

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 26 – October 2, 2024.

3 Oct 2024

Inaugural MFA Bunker Workshop Opens in London

The event is being held in London on October 3, with around 40 delegates split into groups discussing themes relevant to the industry group's work for its members.

3 Oct 2024

193 Alternative Fuel Ship Orders Registered in Q3

A busy two months of new orders in July and August were followed by a smaller gain in September.

3 Oct 2024

MARKET SURVEY: Q2 Bunker Hub Demand Jumped by 1.9% on Year With Red Sea Diversions

Global bunker hub demand continued to climb on a yearly basis in Q2, with Red Sea diversions the largest factor setting the market's direction.

3 Oct 2024

BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High

Ship & Bunker's G20-VLSFO Index gained $15/mt to $603.50/mt on Wednesday, reaching the highest level since September 25.

3 Oct 2024

Tankers International Hires Head of Bunker Strategy and Procurement

The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month.

3 Oct 2024

Israel's Retribution For Iran Missile Attack Could Cause Oil Prices To Soar: Analysts

Rapidan Energy calculated that oil could climb by $10-per barrel increments.

3 Oct 2024

Maersk Sister Company to Use Green Methanol for Plastics Production

The new company's production method uses green methanol as a feedstock to produce polypropylene and polyethylene.

2 Oct 2024

BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low

Ship & Bunker's G20-VLSFO Index lost $3.50/mt to the lowest level since September 18 on Tuesday.

2 Oct 2024