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Drewry: Rising Bunker Prices Will Likely Mean Carriers' Revenue Being Outpaced by Costs

"As things stand carriers will lose between $6-10 billion this year," says Drewry.

Canada Wildfires Cause Over 1 Million BPD Loss of Oil Sands Production

Fire officials and premier are not willing to speculate on when production can resume.

Alfa Laval Announces Smaller, More Flexible Scrubber Design

The new design comes at a time authorities are looking to decide whether a global 0.50 percent sulfur cap for bunkers in 2020 is viable.

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.

Crude Benchmarks in the Red After Early Gains

The market was able to shrug off the Canadian wildfires that are keeping nearly 1 million barrels per day from export.

OW Bunker "Res Cogitans" UK Test Case Verdict to be Delivered on Wednesday

The decision will shape the outcome of many other such cases being brought against bunker buyers from around the globe.

380 cSt Supply to be Suspended at Taichung Port

CPC says annual maintenance of the barge Chun Yu No. 1 is the reason behind the suspension.

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.

LNG and Methanol "Most Promising" Alternative to Conventional Bunkers: EC

EC says LNG and methanol could be used as transition bunkers before completing a shift to biofuels.

Nanostructure Filters Could Offer Low Cost, More Environmentally Friendly Solution for ECA Compliance: EPFL

Mario Michan, a researcher at EPFL's Swiss Plasma Center says the technology not only reduces sulfur emissions, but NOx emissions as well.

ReCAAP: Still No Tanker Hijackings for Oil Cargo Theft Since September

Between January and the end of April Asia witnessed a 61 percent decline year-on-year in the number of overall incidents.

"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.

Markets Enter a "New Era" as Saudi Arabia Ends Reign of the Most Powerful Man in Oil

Ali bin Ibrahim Al-Naimi Saturday was replaced by Saudi Aramco chairman Khalid al-Falih.

IBIA Issues SOP for Surveyors in Response to Singapore TR48 MFM Technical Reference

IBIA says its new SOP for surveyors will "help the industry manage new challenging regulations, standardise best practice and build trust in the market."

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.

Hempel Looks to Up Green Credentials of its Bunker Saving Antifouling Hull Coatings

The company is working to increase the use of renewable raw materials in their antifouling formulations.

Indonesia, Malaysia, and Philippines Cooperate on South China Sea Patrol

The efforts are intended to battle maritime piracy and armed robbery incidents in the region, including those targeted at tankers and bunker thefts.

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