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Crude Ends Flat After a Volatile Day

The largest oil terminal in Nigeria was reported to be closed due to militant threats leaving the 300,000 barrel per day production hanging in the balance.

Weekly Vessel Scrapping Report: 2016 Week 19

Weekly Vessel Scrapping Report: 2016 Week 19

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 12 – May 18, 2016.

Kilduff Revises March Prediction of $25 Oil, Now Estimates Prices Could "Easily Correct" to $35

The analyst reiterates his position that a true market rebalance won't happen any time soon.

China COSCO Has No Intention of Routing Ships Through Arctic Despite Government Encouragement

The company says routing its ships through the Arctic would present too much risk to their ships and customers' cargo.

Crude Edges Down After a Choppy Day in the Market

Prices found pressure from a strong dollar while being supported from demand in refined products.

Delivery of Containerships' New LNG-Powered Box Ships Delayed Until 2018

Vessels were expected to have been delivered in the the first half of 2017.

Cem Saral to Replace Karl Beeson as Group CEO of Cockett Marine Oil

Beeson to step down on September 1, 2016 after eight years in the role.

BIMCO: Bunker Contract Amendments Not a Foregone Conclusion Following Res Cogitans OW Bunker Test Case Outcome

"The "Res Cogitans" is based upon a specific set of circumstances which we need to consider carefully," BIMCO's Grant Hunter tells Ship & Bunker.

Crude Benchmarks Near the $50/bbl Level

Prices have regained more than 80% from the 12 year bottom experienced earlier this year.

WWL in Voluntary Move to Limit At-Berth Bunkers to 0.10% Sulfur in All Global Ports

"If WWL can follow a <0.1 percent sulfur limit at berth in one part of the world, we can adhere to the same in all ports," says Anna Larsson.

Brent Hits 6 Month High as Capital Economics Says Price Rally "Has Gone Too Far"

Larger falls in supply and increases in demand are required for true market stability, it argues.

Kuwait: Market Can't Take Increased Iranian Oil Production

But the Islamic Republic turns a deaf ear to Kuwait's argument that the market can no longer take the strain.

Crude Benchmarks Leap on Supply Fears

The bulls were tempered though as Genscape hinted at an inventory build last week.

Oil Jumps in Early Monday Trading as Goldman Says Market Now in Deficit, Another Tricky Week Ahead for Bunkers?

With reasons for oil to make a sizeable jump in either direction, volatility then, is perhaps what bunker markets should expect this week.

Kilduff: Here Are Three Reasons Why the Oil Market Won't Rebalance Soon

I don't see this market coming into balance until at least the first quarter of 2017, if not later, says Kilduff.

OPEC: Fundamentally, Oversupply Still Persists

The cartel contradicts IEA predictions, says the global glut will increase to 950,000 barrels if its members keep producing full-tilt.

Dan-Bunkering Announces New Singapore Trader and Stamford Transfer

Brenda Lim has been employed as Bunker Trader in Singapore, while Kasper Rosenberg has been transferred to Stamford office from Middlefart.

Third of Five APT LNG-Ready ECO Tanker Newbuilds Christened

APT's newest vessel, Garden State, is the third of five 50,000 DWT, LNG conversion-ready, and fuel efficient ECO Class tankers.

IBIA Calls on Bunker Industry to "Think Innovatively " to Overcome OW Bunker Double Payment Situations

"Overall, when a customer makes payment, that customer must be assured that it will not have to make the payment more than once," says IBIA.

New Container Carrier Alliance, THE Alliance, Announced

The group of six carriers is set control 18 percent of the world's container capacity.

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